USD/CAD – Week 35 – Expecting some bullish signs.
In our previous forecast, we expected the price to drop correctively from the upper channel line before making a new top. Instead, the price dropped without breaking the top again. We see this bearish move to act as a deeper correction, in order for the price to continue the bullish trend.
In the coming days, we expect the price to bounce back up after breaking the support level highlighted on the chart.
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.
In the coming days, we expect the price to bounce back up after breaking the support level highlighted on the chart.
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.
