USDCAD Predictions using AI 28th of Nov 2024

Today is the 28th of November 2024 and Bro In Finance is here with the latest forex USDCAD predictions using our AI Forex models. First lets breakdown the market structure of USDCAD pair.

Market Structure Breakdown

USDCAD 4 Hr Chart

The green line “The Major Trend”, started on the 28th of September is still active. We can confirm that the price do respect this trend line based on the number of touch points we can see. The trend line is respected with 3 touch points as you can see on the diagram above. The idea is that if the price breaks this Major Trend line, then the USDCAD price is expected to begin its bear trend.

USDCAD 1 Hr Chart

If you look at the movement of the past few days, the USDCAD price has spiked up and currently its coming down at a steady phase. And if we analyze the Moving Averages we can say that the 50 EMA (Red Line) is getting close to the 200 EMA (Blue Line) and if this trajectory continues then the 2 moving average lines may shift making it more obvious that the price may follow to a much lower value.

USDCAD Predictions using AI

The mean value generated by our Bro In Finance AI & Machine Learning model for the 28th of November 2024 is 1.39818. This means that the USDCAD price is projected to reach the generated mean value.

Trade Setup

With the help of the USDCAD chart breakdown based on the trend, moving averages and our AI mean value for the USDCAD predictions generated by our Bro In Finance AI & Machine Learning model lets have our trade setup for today;

• Mean Value – 1.39818
• Trade Type – Sell
• Entry – 1.40264
• Stop Loss – 1.40445
• Take Profit – 1.39875
• Risk to Reward Ratio – 2.15

The trade is a Sell. We took a entry at 1.40264 which is a point where the price has tested multiple times making it a good entry. Then we have our stop loss at 1.40445 and the Take Profit at 1.39875 which is an amazing range with a Risk to Reward Ratio of 2.15. The SL is not dragged for a higher extent unlike our usual trades because there is absolutely no point of holding the trade if the price do pass this stop loss. So its always wise to have a proper risk management.

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.

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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