EliteFxAcademy
Short

Weekly sell prediction for USDCAD 7.4.2020

FX:USDCAD   U.S. Dollar / Canadian Dollar
Yesterday we announced our prediction for usdcad currency pair. As we can see, sellers complete another touch from the chennel, and then broke very strongly buyers support that was important for next bullish push.

At the moment price might hang out between range 1.40884 new resistance level and 1.39969 new support level . If bearish side is able to break through our first target which is 1.39969 then strong bearish shoot is expected all the way to 1.38138 support level .
*If prediction on usdcad will follow all the way to bearish second target, we can even expect our last target at channel touch at 1.36730 key level for this type of parallel channel analysis.

Price can continue even to lower targets. For more success, you're always welcome to our suggestion room.

VIDEO FROM USDCAD prediction: https://www.youtube.com/watch?v=b_4ncGjv...

Wish you good trading

Elitefxacademy

Comments

I will be wanting to see this on usdcad based on multi-timeframe analysis
Reply
Perfect idea, keep it coming

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