Price Action

Thursday, November 16 2023
USD/CAD
03:27 pm (GMT +0200)
30 minutes Timeframe

USDCAD has successfully broken through the forecasted hurdle at 1.37170.  The next resistance is seen at 1.37248 and then higher at 1.37346.

Should the pair manage to breach below the support at 1.36856, it will eliminate the bullish scenario, generating a sell signal.
 

Price Action Outlook:

Bullish
direction

Profit Levels

direction
Target 1
1.37130

direction
Target 2
1.37170

direction
Target 3
1.37248

direction
Target 4
1.37346

entry
Entry
1.37052
entry
Stop Loss
1.36856

Trend Confirmation

Momentum
direction
LWMA
direction
MACD
direction

Price Action

Thursday, November 16 2023
USD/CAD
03:27 pm (GMT +0200)
30 minutes Timeframe

USDCAD has successfully broken through the forecasted hurdle at 1.37170.  The next resistance is seen at 1.37248 and then higher at 1.37346.

Should the pair manage to breach below the support at 1.36856, it will eliminate the bullish scenario, generating a sell signal.
 

Price Action Outlook:

Bullish
direction

Profit Levels

direction
Target 1
1.37130

direction
Target 2
1.37170

direction
Target 3
1.37248

direction
Target 4
1.37346

entry
Entry
1.37052
entry
Stop Loss
1.36856

Trend Confirmation

Momentum
direction
LWMA
direction
MACD
direction