Technical analysis of the USDCAD currency pair; 25-12-2022

Last week, the price reached the bottom of its channel. If the price does not break this channel in the coming week, we expect it to rise to the level of 1.37000 and then to the level of 1.38240.

Important levels next week USDCAD currency pair; 25-12-2022

In this section we will examine the technical levels of currency pairs and important market symbols, the levels whose failure can determine the trend of the market in the next week, and which you can use as profit and loss limits in your transactions.

USDCAD (Close Price Last week is 1.35866)

(1.27426, 1.28374, 1.29511, 2.30764, 1.32213, 1.3400, 1.35079, 1.36412, 1.38340, 1.39761)

UCDCAD Fibonacci Pivot Point Levels

 These levels are one of the most important tools for traders, created based on market fluctuations and the closing and opening levels of candles in different time frames. Levels in the 4-hour time frame are usually used by traders for daily trading and may be changed by market fluctuations in the coming week. Higher time frames are intended for longer-term transactions and their change in the next week requires more fluctuations and also the failure of the previous levels.