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Usdcadforecast

USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD USDCAD is now quite BUY. The dollar started to strengthen slightly because of the short-term POSITIVE SENTIMENT for the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that the FED is still MONITORING INFLATION DATA. We think it will go up to the 1.3776 level before going down again. Also, with this MARKET RISK ON SENTIMENT, the USDCAD PRICE can SELL to the 1.3300 LEVEL in the future. FOLLOW THE STRUCTURE GIVEN.
by benny_marshall
20 Reason For sell USDCAD 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: 2:📆Monthly: 3:📅Weekly: 4:🕛Daily: 😇7 Dimension analysis 🟢 analysis time frame D1: 5: 1 Price Structure: bearish 6: 2 Pattern Candle Chart: long wick. descending triangle 7: 3 Volume: Bearish is more than bullish 8: 4 Momentum UNCONVENTIONAL Rsi: Range shift from bullish bearish and bearish divergence also here within three candles 9: 5 Volatility measure Bollinger bands: M pattern and start squeeze 10: 6 Strength ADX: bullish yet 11: 7 Sentiment ROC: USD is weaker CAD ✔️ Entry Time Frame: H4 12: Entry TF Structure: bearish 13: entry move: impulsive 14: Support resistance base REsistence upper high: 15: FIB: trigger event is occurred ☑️ final comments: there is a head-fake at BB; overall view is strongly bearish 16: 💡decision: sell 17: 🚀Entry: 1.3763 18: ✋Stop losel: 1.3819 19: 🎯Take profit: 1.3086 20: 😊Risk to reward Ratio: 1:3 🕛 Excepted Duration: 2 days
Short
by Optimum369
5