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Currencypairs

USDCAD: Thoughts and Analysis Today's focus: USDCAD Pattern – consolidation pattern break (continuation) Support – 1.3650 Resistance – 1.3780, 1.3830 Hi, traders. Thanks for tuning in for today's update. Today, we are looking at USDCAD on its daily chart. Today, we are wondering if the USDCAD is setting off on a new move higher after holding support. Price continues to test at the descending triangle pattern, which could be seen as a consolidation in the uptrend and as a continuation pattern. We have listed a few things to watch out for and the next levels of resistance. What do you think? Is this a new leg higher? Good trading.
Long
by Eightcap
Weekly Trade Planning Session Welcome to this week's Trade Planning Session! In this video, I examined the cumulative CSI (Currency Strength Index) of this past week and compared it to the previous weeks' cumulative CSI. Based on this evaluation, we have identified the GBPUSD, AUDUSD, and CADJPY as potential buy pairs, while the EURAUD, EURCAD, EURGBP, and EURUSD are potential sell pairs for the upcoming week starting on June 4th, 2023. Utilizing the 4 Bar Rules, we have determined specific buy and sell points for each pair. These points will serve as reference for making informed trading decisions throughout the week. We hope you find this session informative and enjoyable as you navigate the exciting world of trading! Have a blessed trading week.
by Charts247TradingAcademy