Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
USDCAD: Moving with Momentum
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="sharabela, post: 211601, member: 39507"] USDCAD made a bearish move and found its support around 1.28400 in the H4 chart. The price has been having a bullish correction. As of writing, the price is within a range in the H4 chart. If the price makes a bullish breakout at the resistance, the correction may continue and find its resistance around 1.29450. If we consider bigger picture, the pair may continue its bearish move if it makes a bearish breakout around 1.28400. The level of 1.27800 may hold the price as a level of support. However, overall price action suggests that the price may continue its bearish move and make a new lower low. The bear seems to have an upper hand. However, the level of support still holds the price. It means traders may have to be patient with the pair to find its next trend.[ATTACH type="full"]22293[/ATTACH] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…