USD/CAD – Week 28 – Strong uptrend.
Last week, the pair gained more bullish momentum and increased, despite our forecast in which we expected the price to reach the liquidity pool before resuming the uptrend.
For this week we expect the price to lose some momentum until it reaches the confluence between the support and the trendline. After that, we anticipate the bullish momentum to return.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
For this week we expect the price to lose some momentum until it reaches the confluence between the support and the trendline. After that, we anticipate the bullish momentum to return.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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