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If a M15 close above 0.8960 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.8750 sell only and do not buy. If price closes back above it again do nothing
The range 0.8960 and 0.8750 is neutral area, any trade done in between is personal decision and not part of this analysis
we can notice from the chart that the pair has closed it's daily candle under 0.8800 , that's mean the down trend is expected and the pair might head to 0.8770 then 0.8740 , however the pair made a hourly correction
The pair is expected to continue falling toward the Forecast Zone set between the price levels 0.8397 and 0.8485.happy trading ans wish you all the best
the pair and as we can see from the chart has closed it's daily candle above the level of 0.8900 , so , that's mean the up trend is still standing and the pair is heading to 0.8935 then 0.8960
The pair is expected to continue falling toward the Forecast Zone set between the price levels 0.8397 and 0.8485.
The Loonie-Franc pair has declined sharply over the past few weeks, falling 6.86 percent since May 11, amid a global shift to risk-aversion and concerns on U.S. growth prospects, given the strong connections between the Canadian economy and the U.S. economy
the pair and as we can from the chart has stated it's trading week above the level of 0.7950 and that's mean that the up trend is expected and the pair might head to 0.8000 and then 0.8100 how even if the pair make any howrly correction
tomorrow, as renewed growth prospects for the United States would likely fuel inflows back in Loonie-based pairs for at least Friday’s trading session.
the Canadian economy could “withdrawn eventually” following the Bank of Canada rate decision, the Loonie has declined on what otherwise would be considered bullish rhetoric
Buy above 0.8870 if a 4h bar closes above it.
Sell below 0.8795, Friday's low. This will represent a rejection off this level and might lead price to correct towards 0.8413.