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U.S. Dollar / Canadian Dollar
Long
Updated

USDCAD Weekly

95
Price has rejected off the long term ascending trendline, & for 4 weeks now has been forming lower rejection wicks in this key region. This previous week, price formed a Doji on the higher timeframe, & this upcoming week I am anticipating for price to build up bullish momentum to push price higher into resistance above.
Note
snapshot On daily: Price formed a Doji at the trendline as well leading with a bullish engulfing candle, showing bullish momentum as well
Note
snapshot 4 Hour: A break of structure would be a great confirmation for entry point & shift of trend on the lower timeframe
Profound_Ambition
Supply and DemandSupport and ResistanceTrend Analysis

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Supply and DemandSupport and ResistanceTrend Analysis
Profound_Ambition

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.