yazdani_mm

The Canadian dollar is waiting for a sharp rise or fall

FX:USDCAD   U.S. Dollar / Canadian Dollar
As you can see in the USDCAD currency pair chart, the Como cloud has been flattened and its thickness has been minimized, so we expect it to break the price. In the CCI indicator, we expect the price to reach the trend line and break it upwards, in which case we will see a pullback and then we will see the price increase up to 200.
If the price fails to break the CCI trend line, it could be a signal to lower the price, and we expect the price to then cross the cloud and fall to the price of 1.34900, otherwise the price could cross the resistance range (orange). ) Pass and increase to the target of 1.36867.
🔸Signal by Yazdani
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.