USD/CAD still in up trend channel - long from 1,323/ target 1,34
-USD/CAD pair is still in up trend channel and dumped from 50 day moving average which implements further
down movement in short term
-market price is currently at 100 day moving average support - expect soon breakdown and further down movement
-RSI is currently at support line and testing this support
-MACD down movement seems to stop which would bring up pressure into the market + bullish crossing of baselines is incoming
down movement in short term
-market price is currently at 100 day moving average support - expect soon breakdown and further down movement
-RSI is currently at support line and testing this support
-MACD down movement seems to stop which would bring up pressure into the market + bullish crossing of baselines is incoming
Trade closed: target reached:
target reached after one day
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
