USDCAD LONG (4H) Analysis @alanmasters

FX:USDCAD   U.S. Dollar / Canadian Dollar
Hello my fellow Forex trader, please allow me to entertain you for a few minutes while I read this USDCAD chart for you... It is showing bullishness in several ways... Let's get started.

USDCAD (4H) Chart Analysis by Alan Masters

  • USDCAD Just got out of a very strong downtrend. The yellow zone is our support, it held several times in the past and a strong bounce just happened recently...

  • We have above average 'green' volume and a strong breakout above EMA10 (green line). After a short retrace, we can expect to hit our targets next.

  • The RSI has gone bullish after bouncing strong from oversold.

  • The MACD is showing a bullish crossover and the histogram turning in favors of the bulls. Still on the bearish side, but curving up strong.

  • Higher Time Frames (1D) support additional bullish action.

This is all for reading the chart. I hope you were entertained and can profit massively from this information.

Give me 100 likes and I will share with you ENTRY, TARGETS & STOP LOSS.

Your support is truly appreciated.

Comment: Previous analysis:
Comment: Going as planned. Solid call.
Trade closed: target reached: All targets reached.

(Binance, Bittrex, Telegram, Support, Training & More)

✅ (AMC) Telegram Signals

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out