Analysis of #USDCAD
The USDCAD looks to be out of momentum here and as you can see it failed to move to a new high.
the trend is still to the upside, but for the time being, I expect the market to move to break trendline resistance and move to the downside, might be just for profit-taking or a shift in the going trend.
right now: the market is not for a buy trade, as we have multiple resistance levels above the current level, and it's not for sell as we are near the support level.
Thanks for your continued support!
The USDCAD looks to be out of momentum here and as you can see it failed to move to a new high.
the trend is still to the upside, but for the time being, I expect the market to move to break trendline resistance and move to the downside, might be just for profit-taking or a shift in the going trend.
right now: the market is not for a buy trade, as we have multiple resistance levels above the current level, and it's not for sell as we are near the support level.
Thanks for your continued support!
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.