Get started
ThinkingAntsOk

"USDCAD: two possible scenarios" by ThinkingAntsOk

U.S. Dollar / Canadian Dollar (FX:USDCAD)  
ThinkingAntsOk  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Support and Resistance Trend Lines Multiple Time Frame Analysis USD CAD USDCAD ｆｘ Forex
1
0
supportandresistance trendline mtfa usd cad usdcad ｆｘ forex
Daily Chart Explanation:

- Price was on an Ascending Channel since September '17 and broke it.
- Price is, now, facing the Weekly Ascending Trendline.
- From here, two possible scenarios:
* Long View: a Pullback to the Ascending Channel before going down.
* Short View: if price breaks the Weekly Ascending Trendline, potential to move down towards the Support Zones at 1.2858 and 1.2308.

Check out our Weekly Vision!

Weekly Vision:
snapshot

Updates coming soon!

Related Ideas

ThinkingAntsOk
"USDCAD: the down move has already starter"
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.