USD/CAD – Week 41 – Bearish momentum to increase.
In our previous forecast, we correctly anticipated that the price will reach the support level.
In the coming days, we expect the price to continue the bearish trend, but at some point, we expect a pullback to occur that has a chance to reach the orange trendline before continuing the downtrend.
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 continue the bearish trend, but at some point, we expect a pullback to occur that has a chance to reach the orange trendline before continuing the downtrend.
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.
