#USDCAD
#USDACD Daily
1- Descending Channel
2- Closed below previous key resistance 1.29
This confirm the downtrend.
My forecast is we are going to retest the previous support (Bullish engulfing) which is now a strong resistance 1.29 and if we break it then we will retest the 1.2950 - 1.30.
Notice that 100EMA & 200EMA are getting closer and might cross which could confirm the break of the channel.
If we break the downtrend channel then lets get the party started.
Always protect your capital!
Join my Free Telegram: t.me/dbx_fx
1- Descending Channel
2- Closed below previous key resistance 1.29
This confirm the downtrend.
My forecast is we are going to retest the previous support (Bullish engulfing) which is now a strong resistance 1.29 and if we break it then we will retest the 1.2950 - 1.30.
Notice that 100EMA & 200EMA are getting closer and might cross which could confirm the break of the channel.
If we break the downtrend channel then lets get the party started.
Always protect your capital!
Join my Free Telegram: t.me/dbx_fx
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.