03:27 pm (GMT +0200)USDCAD has successfully broken through the forecasted hurdle at 1.37170. Provided the steam of the bulls remains intact, the next resistance is seen at 1.37248 and then higher at 1.37346.
Price Action
Thursday, November 16 2023
03:27 pm (GMT +0200)
30 minutes Timeframe
If USDCAD fails to withstand the sellers' pressure, the bullish scenario will be eliminated and we foresee that a bearish outlook will be in effect.
Price Action Outlook:
Bullish
Profit Levels
Target 1
1.37130
Target 2
1.37170
Target 3
1.37248
Target 4
1.37346
Entry
1.37052
Stop Loss
1.36856
Trend Confirmation
Momentum
LWMA
MACD
Price Action
Thursday, November 16 2023
03:27 pm (GMT +0200)
30 minutes Timeframe
USDCAD has successfully broken through the forecasted hurdle at 1.37170. Provided the steam of the bulls remains intact, the next resistance is seen at 1.37248 and then higher at 1.37346.
If USDCAD fails to withstand the sellers' pressure, the bullish scenario will be eliminated and we foresee that a bearish outlook will be in effect.
Price Action Outlook:
Bullish
Profit Levels
Target 1
1.37130
Target 2
1.37170
Target 3
1.37248
Target 4
1.37346
Entry
1.37052
Stop Loss
1.36856
Trend Confirmation
Momentum
LWMA
MACD