USD / $CAD | 4H Forex Trade Setup Update ● Current Status: USD/CAD pair rejected off value area high
6 months ago
5
USD / $CAD | 4H Forex Trade Setup Update
● Current Status: The USD/CAD pair has rejected off the value area high of the range and is now finding support at the Point of Control (POC). The Moving Averages (MAs) have crossed bullish.
● Technical Indicators: Despite the bullish crossover, both momentum and money flow are declining, suggesting caution.
● Outlook: Traders should monitor for signs of sustained bullish momentum to confirm a potential uptrend, keeping in mind the current declining momentum and money flow.
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