September 25, 2020

We are waiting for the decline in USDCAD and the growth of XRPUSD

Good afternoon dear friends! Today we will consider the forecast for such trading instruments as USDCAD and XRPUSD.

USDCAD

As you can see on the chart, USD / CAD is nowis at a strong resistance level of 1.3267. The price has recently broken through the support line, but eventually rolled back, simultaneously making a false breakdown of the resistance level indicated above (1.3267).

Based on this, my forecast sounds like this - II expect the price to fall from this strong resistance level of 1.3267 and our goal is the support level, which is located at about 1.3182

We are waiting for the decline in USDCAD and the growth of XRPUSD

XPRUSD

XRPUSD now showing quite strong growthand has already reached the resistance level of 0.305. Prior to this, the price several times tested the support level, located at about 0.251, but in the end, the Bears could not overcome it. Now the initiative has passed to the “bulls,” which so far are not wasting time.

Well, my forecast for today is as follows - I expectprice rollback to the support level of 0.285, after which it is already possible to buy. And I expect that in the end the price will come to an important resistance level, which is located at 0.340

We are waiting for the decline in USDCAD and the growth of XRPUSD