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
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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
If a M15 close above 0.8760 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.8550 sell only and do not buy. If price closes back above it again do nothing
The range 0.8760 and 0.8550 is neutral area, any trade done in between is personal decision and not part of this analysis
it still in the bullish momentum and it seem this pair is head to 9156 - 9170 area to complete the wave 5 with a divergence pattern on the daily chart.....
a strong enough reading will more than make up the pip premium paid for waiting on the ideal fundamental scenario to match the appealing technical picture.
the pair and as we can see from the chart is trading now above the level of 0.8800 , so when ever the pair success in breaking 0.8800 , that's mean the down trend will be assured and the pair might head to 0.8770 and then 0.8740
as what i cxan see in the hourly shart i think the pair have enyter in bearish after break the 0.8845 the rsi is below the 0 level
we can notice from the chart that the pair has closed it's daily candle under 0.8900 , that's mean the down trend is expected and the pair might head to 0.8830 then 0.8800 , however the pair made a hourly correction
If a M15 close above 0.8700 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.8550 sell only and do not buy. If price closes back above it again do nothing
The range 0.8700 and 0.8550 is neutral area, any trade done in between is personal decision and not part of this analysis
Candle is above Moving Average period 20 in 30 Minutes chart so I think it’s still standing for Uptrend. First target must be at 0.8870 and second target at 0.8880 for next time. TRADE AT YOUR RISK IF YOU FOLLOW MY ANALYSIS & Happy green pips…
as what i can see in the hourly shart i think the pair have enter in bulish after break the 0.8870 the macd is abouve the 0 level line