Usdcad technical analysis on the daily chart signal bearish trend,after the pair move slightly high to resistance level of 1.33880 and the pair was on unable to broke resistance level of 1.33880, the pair then form fakey price action trading setup on the daily chart. we expect the pair break support of 1.32622 to trigger the bearish trend move to our next support level of 1.31850, break of 1.31850 support level will extend the bearish trend move to next support level of 1.29690.the way round if the pair reject from support level of 1.32622 we also expect bullish trend
around 1.34140. but what we expect from usdcad is bearish trend. wait for the breakout to trigger the bearish trend.
entry: 1.32620
stoploss:1.33500
First target 1.31850
second target 1;29600
around 1.34140. but what we expect from usdcad is bearish trend. wait for the breakout to trigger the bearish trend.
entry: 1.32620
stoploss:1.33500
First target 1.31850
second target 1;29600
Usdcad Technical Analysis
Reviewed by zeal
on
1:39:00 PM
Rating:
No comments: