financialflagship

USD/CAD – Week 30 – Bulls to resume after the pullback.

Long
FX_IDC:USDCAD   U.S. Dollar / Canadian Dollar
In our previous forecast, we anticipated that USDCAD will drop and will shortly resume the bullish trend . Instead, the price continued the bearish momentum more than we expected, as the correction turned out to be a bit more complex, hence last week’s bullish signal.
For this week we expect the price to lose a bit more momentum and reverse, our target being a new top.
Trade with care.

Best regards,
Financial Flagship

Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.

Comments

Looks like a decent setup, well done!
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@ForexTrendline thanks a bunch!
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financialflagship Helical_Trades
@Helical_Trades, Thanks a lot!
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thanks for sharing
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Interesting perspective, I see it similar.
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