Hello,
USDCAD is currently at a 1-year high of 1.44672, but despite the present movement, a significant downside is anticipated, and a reversal seems imminent. However, confirmation from the 1-week pivot point (PP) is still needed, as it has been acting as support so far. If resistance isn't confirmed for a bearish reversal, the price may test the March 2020 high of 1.466. Either way, a downside move is expected, whether after the first or second scenario.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
USDCAD is currently at a 1-year high of 1.44672, but despite the present movement, a significant downside is anticipated, and a reversal seems imminent. However, confirmation from the 1-week pivot point (PP) is still needed, as it has been acting as support so far. If resistance isn't confirmed for a bearish reversal, the price may test the March 2020 high of 1.466. Either way, a downside move is expected, whether after the first or second scenario.No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.