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Mar 31, 2025

Trade ideas

USDCAD: Bullish Falling Wedge

USDCAD, H4

USDCADH4.png

USDCAD breaks above the bullish falling wedge pattern and 100-MA.

The price faces the 1.4360 resistance, while the MACD histogram crosses the 0-line upwards, giving a bullish momentum.

  • Consider a long trade if the price breaches below the 1.4360 resistance, with the target at 1.4450.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Timur Yurdagyul

Author: Timur Yurdagyul

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