Forex Pair: USDCAD Price Chart, Analysis and Trading Tips

Forex Pair: USDCAD Price Chart, Analysis and Trading Tips

USDCAD Price Chart

USDCAD Technical Analysis: Weekly Chart

USDCAD Price Chart

In the weekly charts, USDCAD is trading within a symmetrical triangle.

It is trading above all SMAs: MA (20), MA (50), and MA (100).

RSI is in buying zone which indicates bullishness. MACD is currently trading above zero which indicates bullishness.

The immediate support is at 1.24400 and the resistance level is at 1.29869

USDCAD is trading within a symmetrical triangle until there is a breakout or a breakdown.

USDCAD Technical Analysis: Weekly Chart

USDCAD Price Chart

In the daily charts, USDCAD is trading in an upward channel.

It is trading above all SMAs: MA (20), MA (50), and MA (100).

RSI is in buying zone which indicates bullishness. MACD is currently trading above zero which indicates bullishness.

The immediate support is at 1.28186 and the resistance level is at 1.29132

USDCAD is trading in an upward channel until there is a trend reversal.

How to trade USDCAD this week:

USDCAD is trading within a symmetrical triangle until there is a breakout or a breakdown. If the price breakouts, the following opportunity can be taken:

TRADE SUGGESTION: BUY AT 1.30536, TAKE PROFIT AT 1.34204, AND STOP LOSS AT 1.27735

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