USDCAD - Forecast of an UPWARD movement
Generally, the direction is a downward trend
Uptrend Side: To establish a bullish trend, the price must reverse and stabilize above 1.3662, confirmed by the close of a 4-hour or daily candle, to support a potential rise toward 1.3704. Currently, the price is trading above the support level of 1.3611. This level may provide upward momentum, and as long as the price remains above it, an attempt to rise is likely.
Downtrend Side: The support level at 1.3611 is considered a strong pivot point. If the price settles below this level, a significant decline is expected toward 1.3550.
Tendency Keys: 1.3611
Uptrend Side: To establish a bullish trend, the price must reverse and stabilize above 1.3662, confirmed by the close of a 4-hour or daily candle, to support a potential rise toward 1.3704. Currently, the price is trading above the support level of 1.3611. This level may provide upward momentum, and as long as the price remains above it, an attempt to rise is likely.
Downtrend Side: The support level at 1.3611 is considered a strong pivot point. If the price settles below this level, a significant decline is expected toward 1.3550.
Tendency Keys: 1.3611
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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