⬇️ Sell Entry: 1.41070
⏹️ Stop Loss: 1.41520
*️⃣ Take Profit-1: 1.40810
*️⃣ Take Profit-2: 1.40400
🔠 A test of the resistance line on the relative strength indicator (RSI) will signal a price decline. A rebound from the upper boundary of the Double Top reversal pattern will further confirm the decline. A strong rally and a breakout with a consolidation above 1.41520 will reverse the decline in the USDCAD pair. This will signal a breakout of the medium-term resistance area and continued growth with a target of 1.4305. At the time of publication of this forecast, we expect a corrective decline followed by consolidation below 1.40400 and the development of a downward momentum towards 1.39770.
⏹️ Stop Loss: 1.41520
*️⃣ Take Profit-1: 1.40810
*️⃣ Take Profit-2: 1.40400
🔠 A test of the resistance line on the relative strength indicator (RSI) will signal a price decline. A rebound from the upper boundary of the Double Top reversal pattern will further confirm the decline. A strong rally and a breakout with a consolidation above 1.41520 will reverse the decline in the USDCAD pair. This will signal a breakout of the medium-term resistance area and continued growth with a target of 1.4305. At the time of publication of this forecast, we expect a corrective decline followed by consolidation below 1.40400 and the development of a downward momentum towards 1.39770.
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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.