the trading now above the level of 1.0400 will make the uptrend expected and the pair might continue in it's upmovements heading to 1.0450 and then 1.0480 and that's before bouncing from the resistance levels
Printable View
the trading now above the level of 1.0400 will make the uptrend expected and the pair might continue in it's upmovements heading to 1.0450 and then 1.0480 and that's before bouncing from the resistance levels
the reaction was obviously lower, into corrective wave 4) which may have already found the bottom, around 38.2% retracement area. We expect a rise into a new high, ideally with wave 5) into 1.0500 region.
the pair and as we can see from the chart has closed it's daily candle above the level of 1.0500 , so , that's mean the up trend is still standing and the pair is heading to 1.0570 then 1.0600
If a M15 close above 1.0550 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.0450 sell only and do not buy. If price closes back above it again do nothing
The range 1.0550 and 1.0450 is neutral area, any trade done in between is personal decision and not part of this analysis
as what i can see in the 1 hour shart is showing already the up trend the macd is abouve the 0 the rsi is abouve the 50
If a M15 close above 1.0620 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.0500 sell only and do not buy. If price closes back above it again do nothing
The range 1.0620 and 1.0500 is neutral area, any trade done in between is personal decision and not part of this analysis
I think this pair will rise more.
buy is the good decision or you can close your sell order.
uptrend still standing and very strong super signal is buy.
If a M15 close above 1.0550 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.0450 sell only and do not buy. If price closes back above it again do nothing
The range 1.0500 and 1.0450 is neutral area, any trade done in between is personal decision and not part of this analysis
On the downside, break of 1.0309 support is needed indicate completion of the rally from 0.9406. Otherwise, we'll stay bullish in USD/CAD.
The USD/CAD is falling for the second day in a row, retreating further after hitting on Monday at 1.0656, the highest price in 13 months