#USDCAD
πNew forecast
The market is pulling back after impulse move downward. It shows bullish momentum is weakening because the main trend is bearish. The asceding channel is pullback. I expect fake breakout of the resistance or double top, then fall from the zone if the price ramains below it. My goal is support around 1.34030
πNew forecast
The market is pulling back after impulse move downward. It shows bullish momentum is weakening because the main trend is bearish. The asceding channel is pullback. I expect fake breakout of the resistance or double top, then fall from the zone if the price ramains below it. My goal is support around 1.34030
#USDCAD
πNew forecast
The price is testing the resistance zone. The market doesn't have strength to break the level; smalls candle at the resistance zone that shows bullish momentum is weakening. The market has reached strong resistance zone on the 4H timeframe. I expectp a pullback from the zone. My goal is support around 1.35485
πNew forecast
The price is testing the resistance zone. The market doesn't have strength to break the level; smalls candle at the resistance zone that shows bullish momentum is weakening. The market has reached strong resistance zone on the 4H timeframe. I expectp a pullback from the zone. My goal is support around 1.35485
#USDCAD
πNew forecast
The market is pulling back after impulse move downward. The bullish momentum is weakening because the main trend is bearish and double top is formed at the resistance zone. The price broke throught desceding channel, it shows that bears are taking a break. I expect an engulfing candle or long tailed bar, then fall from the zone if the price ramains below it. My goal is support around 1.32200
πNew forecast
The market is pulling back after impulse move downward. The bullish momentum is weakening because the main trend is bearish and double top is formed at the resistance zone. The price broke throught desceding channel, it shows that bears are taking a break. I expect an engulfing candle or long tailed bar, then fall from the zone if the price ramains below it. My goal is support around 1.32200
#USDCAD
πNew forecast
The price perfectly fulfills my last idea. It hit the targeted area. The price has tested the support level at 1.32000 and bounced off it.The price failed to break through the support level, this shows bears have not strength left to break it. I'm waiting for the price to form a double bottom at support and retest resistance and potentially upper border of the range zone. My target is resistance at 1.32825
πNew forecast
The price perfectly fulfills my last idea. It hit the targeted area. The price has tested the support level at 1.32000 and bounced off it.The price failed to break through the support level, this shows bears have not strength left to break it. I'm waiting for the price to form a double bottom at support and retest resistance and potentially upper border of the range zone. My target is resistance at 1.32825
#USDCAD
πNew forecast
The market is heading toward resistance after complex pullback. The market rejected the strong resistanace zone on the 4H timeframe and probably it will range for some time. Price action made impulse move which show the strength of seller. I expect fake breakout of the resistance or double top, then fall from the zone if the price ramains below it. My goal is support around 1.34020
πNew forecast
The market is heading toward resistance after complex pullback. The market rejected the strong resistanace zone on the 4H timeframe and probably it will range for some time. Price action made impulse move which show the strength of seller. I expect fake breakout of the resistance or double top, then fall from the zone if the price ramains below it. My goal is support around 1.34020
#USDCAD
πNew forecast
The price perfectly fulfills my last idea. It hit the target level. The market is heading toward resistance after range breakout. The market rejected the strong resistanace zone on the 4H timeframe and probably it will continue ranging for some time. The price made impulse move from this level before. I expect fake breakout of the resistance or double top, then fall from the zone if the price ramains below it. My goal is support around 1.34900
πNew forecast
The price perfectly fulfills my last idea. It hit the target level. The market is heading toward resistance after range breakout. The market rejected the strong resistanace zone on the 4H timeframe and probably it will continue ranging for some time. The price made impulse move from this level before. I expect fake breakout of the resistance or double top, then fall from the zone if the price ramains below it. My goal is support around 1.34900
#USDCAD
πNew forecast
The price perfectly fulfills my last idea. It hit the target level. The price has tested the resistance zone and border of the upaward channel .The market after updating highs is pulling back to support strong level at 1.3700. It broke roke and fixed above this key support. I'm waiting for short term rollback to support and continue the upward move because the main trend is bullish. My target is resistance at 1.35200
πNew forecast
The price perfectly fulfills my last idea. It hit the target level. The price has tested the resistance zone and border of the upaward channel .The market after updating highs is pulling back to support strong level at 1.3700. It broke roke and fixed above this key support. I'm waiting for short term rollback to support and continue the upward move because the main trend is bullish. My target is resistance at 1.35200
#USDCAD
πNew forecast
The price perfectly fulfills my last idea. It hit the target level. The price has tested the key support level at 1.35000 and bounced off. The market failed to break through the support level, this shows bears have not strength left to break it which means fake breakout. I'm waiting for the price go to the recent resistance and potentially upper border of the downward channel. My target is resistance at 1.35640
πNew forecast
The price perfectly fulfills my last idea. It hit the target level. The price has tested the key support level at 1.35000 and bounced off. The market failed to break through the support level, this shows bears have not strength left to break it which means fake breakout. I'm waiting for the price go to the recent resistance and potentially upper border of the downward channel. My target is resistance at 1.35640
#USDCAD
πNew forecast
The price perfectly fulfilled my last idea. π It hit the target level. The price broke through the downward channel; it formed a double top γ½οΈ on the 4H timeframe. The market is showing some weakness at the resistance zone after an impulse move. π
The bullish momentum is fading because the price reached the daily resistance zone, and we have bearish divergenceβ¬ on the daily timeframe. I expect a retracement from the resistance zone. π
π―My goal is support around 1.34875
βββββββββ
My past forecasts on USDCAD π©βπ»
β1USDCAD +45pβ
β2USDCAD +130pβ
β3USDCAD +42pβ
πNew forecast
The price perfectly fulfilled my last idea. π It hit the target level. The price broke through the downward channel; it formed a double top γ½οΈ on the 4H timeframe. The market is showing some weakness at the resistance zone after an impulse move. π
The bullish momentum is fading because the price reached the daily resistance zone, and we have bearish divergenceβ¬ on the daily timeframe. I expect a retracement from the resistance zone. π
π―My goal is support around 1.34875
βββββββββ
My past forecasts on USDCAD π©βπ»
β1USDCAD +45pβ
β2USDCAD +130pβ
β3USDCAD +42pβ