Set to Overcome Resistance, Aiming for New Highs?

ที่อัปเดต:
Hey Realistic Traders, let's dive into the technical analysis of USDCAD

USDCAD has moved above the EMA200 line again, signaling a bullish trend. Recently, on the daily timeframe, it broke the upper trendline of a falling wedge pattern and experienced a MACD bullish crossover, where the MACD line crosses above the signal line, suggesting increasing upward momentum. This combination of technical factors typically signals a potential upside movement to the first target of 1.39423. After reaching this first target, a pullback may occur before continuing its ascent to the second target of 1.40352.

Additional Information:
The prospect of a stronger USDOLLAR also contributes to the recent rally of USDCAD.

It is essential to note that the analysis will no longer hold validity once the target/support area is reached.

Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on USDCAD."

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การซื้อขายยังคงดำเนินอยู่
The upside movement continues as it keeps the price moving above the trendline
สแนปชอต
บันทึก
USDollar: Moving above the bullish trendline again. supporting our bullish hypothesis :)
สแนปชอต
ปิดการเทรด: ถึงเป้าหมายการทำกำไร
Target 1 achieved after waiting for so long. Focusing only on a higher timeframe strategy seems rewarding for us.

สแนปชอต
Chart PatternsForexforexsignalsTechnical IndicatorssignalssignalservicetradersTrend AnalysisUSDCADusdcadlongDJ FXCM Index

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