USDCAD Multi-Time Frame Analysis

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ANALYSIS

1D: 1D Time Frame showing Downtrend. Price is approaching 50/83/100EMA which could be a potential dynamic resistance.

snapshot


4H: Looking at 4H Chart it is currently on sideways approaching minor resistance.

Action Items

  • If price broke above minor resistance, wait for pullback then go LONG, targeting at least 1.32822.
  • If the price bounced or faked-out of resistance, go SHORT targeting at least 1.31357.




Note: This is my personal analysis only. Trade at your own risk.

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