USDCAD Weekly Forecast 20th - 25th Jan 2020
- Ended last week with not much movement in the market. great parellel channel forming, when market breaks this consolidation area it will be a great place to start looking for bearish moves.
- Due to the market not moving much we should be seeing a nice move coming this week and in the weeks ahead!
- First target set at 1.2920 and further more if it can break this area next target will be at 1.2850.
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My weekly forecast, highlighting the overall trend with key levels to get an idea of the best targets in the upcoming week and weeks ahead. Basic projection of the market with technical/fundamental analysis and is to be used for ideas, entry point analysis is done on a daily basis for entries with minimal drawdown.
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Telegram -
- Ended last week with not much movement in the market. great parellel channel forming, when market breaks this consolidation area it will be a great place to start looking for bearish moves.
- Due to the market not moving much we should be seeing a nice move coming this week and in the weeks ahead!
- First target set at 1.2920 and further more if it can break this area next target will be at 1.2850.
.
.
My weekly forecast, highlighting the overall trend with key levels to get an idea of the best targets in the upcoming week and weeks ahead. Basic projection of the market with technical/fundamental analysis and is to be used for ideas, entry point analysis is done on a daily basis for entries with minimal drawdown.
-
-
Telegram -
Trade active
USDCAD update, reaching down to the first target, still a while to go (120 pips bearish is t1) so expecting minor potentially tradable pullbacks on the way down..Trade active
Check updated screenshot
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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.