USDCAD Multi-Time Frame Analysis

ANALYSIS

1D: 1D Time Frame showing Downtrend. Price is approaching 50/83/100EMA which could be a potential dynamic resistance.




4H: Looking at 4H Chart it is currently on sideways approaching minor resistance.

Action Items

• If price broke above minor resistance, wait for pullback then go LONG, targeting at least 1.32822.
  
• If the price bounced or faked-out of resistance, go SHORT targeting at least 1.31357.
  

Note: This is my personal analysis only. Trade at your own risk.