ForecastCity_World

💡Don't miss the great buy opportunity in USDCAD

Long
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.2416).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. USDCAD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 59.

Take Profits:
TP1= @ 1.2446
TP2= @ 1.2481
TP3= @ 1.2529
TP4= @ 1.2572
TP5= @ 1.2591

SL= Break below S2

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ForecastCity English Support Team ❤️
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Comments

Thank you so much.
+1 Reply
@Sophi2018,
You're very welcome!
Reply
Good work! 👍 Nice idea.
+1 Reply
@Mesutkashmar, Thank you for your comment. We appreciate it.
Reply
thanks for shairng
+1 Reply
@MMBTtrader, You're very welcome!
We appreciate your support
Reply
Many thanks for sharing this chart.
+1 Reply
ForecastCity_World yusufipek1989
@yusufipek1989, You're very welcome! We hope you enjoy it.
Reply
Love this analysis. Your charts are always nicely done.
+1 Reply
@AR_kooshani,
Thank you for your comment. We appreciate it.
Reply