USDCAD - some continuation signals showing
Trend is still up on this pair.
100SMA remains above the 200SMA.
We have an obvious falling wedge after an uptrend, one could usually expect this to signal continuation.
Stoch RSI is hovering in oversold territory, another buy signal.
My plans are to accumulate a small position on this pair( a lot of fundamentals this coming week). I have a buy limit at 1.236 level with a tight stop loss.
100SMA remains above the 200SMA.
We have an obvious falling wedge after an uptrend, one could usually expect this to signal continuation.
Stoch RSI is hovering in oversold territory, another buy signal.
My plans are to accumulate a small position on this pair( a lot of fundamentals this coming week). I have a buy limit at 1.236 level with a tight stop loss.
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