USDCAD Multi-Time Frame Analysis
ANALYSIS
1D: 1D Time Frame showing Downtrend. Price is approaching 50/83/100EMA which could be a potential dynamic resistance.
4H: Looking at 4H Chart it is currently on sideways approaching minor resistance.
Action Items
Note: This is my personal analysis only. Trade at your own risk.
1D: 1D Time Frame showing Downtrend. Price is approaching 50/83/100EMA which could be a potential dynamic resistance.
4H: Looking at 4H Chart it is currently on sideways approaching minor resistance.
Action Items
- If price broke above minor resistance, wait for pullback then go LONG, targeting at least 1.32822.
- If the price bounced or faked-out of resistance, go SHORT targeting at least 1.31357.
Note: This is my personal analysis only. Trade at your own risk.
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.
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.