USDCAD: Bullish Momentum in Play-Update
Price broke out above the descending trendline, showing bullish strength.
After the breakout, developed more and also completed a small bullish triangle pattern. USD is still weak but this price accumulation looks really good.
The only threat of the US dollar is Trump and the strange game he is playing with his tariffs.
Let's hope he will not make a bigger mess. The U.S government shutdown is on its second week and nothing happened. Overall, the USD is stronger than before.
Key Targets:
1.4000
1.4050
1.4150
As long as price stays above the large pattern, the bullish scenario remains valid.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Price broke out above the descending trendline, showing bullish strength.
After the breakout, developed more and also completed a small bullish triangle pattern. USD is still weak but this price accumulation looks really good.
The only threat of the US dollar is Trump and the strange game he is playing with his tariffs.
Let's hope he will not make a bigger mess. The U.S government shutdown is on its second week and nothing happened. Overall, the USD is stronger than before.
Key Targets:
1.4000
1.4050
1.4150
As long as price stays above the large pattern, the bullish scenario remains valid.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
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.