📊 WEEKLY ANALYSIS FOR USD/CAD PAIR
🔎 Technical Outlook by Shaker Trading
✅ Technical Reasons for the Bullish Outlook:
Price Channel:
The pair is moving inside a clear ascending price channel on the weekly timeframe, indicating a long-term bullish structure.
Demand Zones:
Strong weekly demand zone has appeared, showing signs of buying pressure and institutional interest.
Indicator Confirmation:
Both MACD and RSI show signs of bullish exhaustion, suggesting a possible rebound from current levels.
📌 Trading Idea:
If the price holds above the demand zone and trendline, we may see a move back toward the green resistance area.
📈 Long-term bullish bias remains valid as long as price stays above the trendline.
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🔎 Technical Outlook by Shaker Trading
✅ Technical Reasons for the Bullish Outlook:
Price Channel:
The pair is moving inside a clear ascending price channel on the weekly timeframe, indicating a long-term bullish structure.
Demand Zones:
Strong weekly demand zone has appeared, showing signs of buying pressure and institutional interest.
Indicator Confirmation:
Both MACD and RSI show signs of bullish exhaustion, suggesting a possible rebound from current levels.
📌 Trading Idea:
If the price holds above the demand zone and trendline, we may see a move back toward the green resistance area.
📈 Long-term bullish bias remains valid as long as price stays above the trendline.
🔥 Copy Trading for Free
Join our free copy trading service and follow top strategies with zero fees.
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.