Choppy USDCAD chart but a short term dip to 1.2980 is possible
USDCAD chart looks choppy at the first glance. But in between the choppiness, we can observer a pattern emerging.
The pattern is in the form of a rising channel.
Now, the price has reversed after touching the top of the price channel. So, naturally we can anticipate that USDCAD
will drop to the lower limit of the aforesaid price channel. So, I am predicting a drop to 1.2980. Thus, short term traders and day
traders can sell and target at least 50-80 pips profit from the predicted bearish move.
The pattern is in the form of a rising channel.
Now, the price has reversed after touching the top of the price channel. So, naturally we can anticipate that USDCAD
will drop to the lower limit of the aforesaid price channel. So, I am predicting a drop to 1.2980. Thus, short term traders and day
traders can sell and target at least 50-80 pips profit from the predicted bearish move.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.