USDCAD Prediction using AI model 29th of Nov 2024

Today is the 29th of November 2024 and Bro In Finance is here with the latest forex USDCAD prediction using our AI Forex models. First lets breakdown the market structure of USDCAD pair.

Market Structure Breakdown for USDCAD Prediction

USDCAD 4 Hr Chart

If you have been following Bro In Finance AI Forex usdcad Predictions then you know what is this “Major Trend” line. This is basically the trend thats been holding the continued Bull Trend of the USDCAD pair. This trend started on the 28th of September 2024 and what makes this line the so called “Major Trend Line”? The answer to that question is simply the number of “Touch Points” that respects this line. And so far we have 3 confirmed touch points and if you closely look, the 4th touch point still isnt confirmed. So if this point breaks this line then its the start of a Bear Trend but if this point also respects our Major Trend line then Bull Trend continues along this line. So lets see whats our Bro In Finance AI model have to say about this usdcad pair? Will it give a usdcad prediction thats on top of the major trend or will it give a usdcad prediction thats below the trend line?

USDCAD 1 Hr Chart

As for the 1 hr chart, you can clearly see that the price has been declining over the past few days after that huge spike. And when it comes to the moving averages, the 200 EMA (Blue Line) and the 50 EMA (Red Line) and on the verge of crossing each other. If that happens then it further confirms the start of the next major bear trend. The moment these two moving averages cross with each other will be the moment that the “Major Trend” line that we drew on our 4 hr chart is going to be broken as well. So we have two confirmations if that happens.

USDCAD Predictions using AI

The mean value generated by our Bro In Finance AI & Machine Learning model for the 28th of November 2024 is 1.39808. This means that the USDCAD price is projected to reach the generated mean value. And now with that information lets head to our trade setup.

USDCAD Prediction Trade Setup

As you can see we have drawn a downward trend line that has multiple touch points. And with that clue, we can ensure us a good entry for the today’s trade setup. With that being said we have marked the next potential touch point and if all goes well and if the price respects this touch point then we can enter and we will see that the price will cotinue its downward trend and hit our mean value. Below is the trade setup for the 29th of November 2024 for the USDCAD pair;

• Mean Value – 1.39808
• Trade Type – Sell
• Entry – 1.40029
• Stop Loss – 1.40173
• Take Profit – 1.39808
• Risk to Reward Ratio – 1.53

Every indications points that the USDCAD pair is going in a downward trend so there is no use of betting against it. And our model suggests the same.

Important

• This trading setup is only valid for 28th of November 2024. And it is advised to close the trade by the end of the day even if either the Take Profit or the Stop Loss is not hit.
• Only enter the trade if the price do hit the entry or else dont adjust the entry to get in the trade quickly. Because doing so result in trade inconsistency which leads to Bad Trades.
• Its always better to have the 15 mins chart and the 1 hr charts opened to get insights due to its clarity on how the price actually move. While the 15 mins chart shows you the changes in a shorter period, the 1 hr chart captures the overal movement. We do not recommend trading on anything less than 15 mins chart because it can sway you in your judgements with sudden price movements. And same thing goes to anything larger than 1 hr chart because we are aiming to hit day trades. Also if you want to get the overal trend always use the 4 hr chart.
• Be careful of the spreads on each of your brokers as it can affect the trade you place.

Why trust Bro In Finance forex AI Forex Predictions?

We at Bro In Finance own the rights to our model, so that you can guarantee that these forecasted forex mean values are given to you by a Trusted party. Each of our models have been coded by qualified individuals & undergone multiple test phases before putting it out to the public. We are transparent with our trades so whether its a loss or a win, we are more than happy to fully disclose our results. We provide this service for aboslutely free so that you can try it out without giving any kind of personal information. All you have to do is enter your email in the below Newsletter so that you will be the 1st to get notified when we release our AI Forex Predictions. Now lets jump in to our trading setup now that we have our Mean Value.

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