USDCAD is building up some pressure and a breakout can be expected in the near future. Wait for a breakout under the support line (which has been tested multiple times already) or a breakout and close over the trend line on top of the descending triangle.
There are also a few different moving averages, (20,50,100) that should add to downward pressure on the D chart, so if it breaks those as it crosses the trend line to the upside, expect some good volatility and a nice shot upward, the break to the downside can have some serious momentum based off of the strength of that support.
As always wait for some confirmation/consolidation before deciding to time an entry.
There are also a few different moving averages, (20,50,100) that should add to downward pressure on the D chart, so if it breaks those as it crosses the trend line to the upside, expect some good volatility and a nice shot upward, the break to the downside can have some serious momentum based off of the strength of that support.
As always wait for some confirmation/consolidation before deciding to time an entry.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.