Usdcadbuy
USDCAD - BUY at BottomANALYSIS ON USDCAD
Welcome to my analysis
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1 Hour Chart
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Interesting Point of interest In the USDCAD pair.
- Price still below 200 day EMA.
- Expecting more move to the downside.
- MACD showing bullish divergence.
Buy at bottom, we should see move to around 1.31800 - 1.3200 zone.
Stay Tuned
USDCAD Market Outlook | Alchemy FX Weekly Breakdown.USDCAD
Big movement to the downside as previously expected. We are currently floating around strong support, but overall we are looking very bearish. After a big push down there will always be a short retest to the upside followed by possible strong movement to the downside to continue the overall trend. UC is a tricky one because if we do sustain at these levels we could start climbing back to the upside. That being said, as mentioned I’m favoring more downside moment.
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USDCAD approaching support, potential for a bounce!
USDCAD is expected to drop to 1st support at 1.31710 where it could potentially react off and up to 1st resistance at 1.32385.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD approaching support, potential for a bounce!
USDCAD is expected to drop to 1st support at 1.31710 where it could potentially react off and up to 1st resistance at 1.32385.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD - UPDATEANALYSIS ON USDCAD
Welcome to my analysis
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30 Min Chart
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Interesting Point of interest In the USDCAD pair.
- Price below 200 day EMA on 30min chart.
- watch red and green horizontal ray lines for sell.
- MACD showing bearish divergence on 15min time frame.
- Watch out as we could have one more pullback before going down
Expecting more move to the downside for now.
Stay Tuned