USD/CAD (Loonie Pair) Mid-Week Potential Trend Reversal
Cập nhật
For my 50th tradingview idea I've decided to make a special analysis on an old pair of mine and one of my old favs.
USD/CAD has been in a long and strong downtrend after Oil news has been positive but the largest impact was made due to a interest rate hike for the first time in awhile. Now that the trend has lost some momentum and hit a major support zone that has been previously rejected. We can expect prices to rise if we breakout of this downward channel (could see a slight retrace). However if we reject this zone and stay in the channel I expect price to move down to the major support zone and then rise. It looks like some double bottom patterns are forming.
USD/CAD has been in a long and strong downtrend after Oil news has been positive but the largest impact was made due to a interest rate hike for the first time in awhile. Now that the trend has lost some momentum and hit a major support zone that has been previously rejected. We can expect prices to rise if we breakout of this downward channel (could see a slight retrace). However if we reject this zone and stay in the channel I expect price to move down to the major support zone and then rise. It looks like some double bottom patterns are forming.
Ghi chú
Breakout season. After breaking the downward channel we got a retest and up.Đóng lệnh: đạt mục tiêu
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.