USDCAD Finds Support, Bounce Incoming (Target)

10 thg 1, 2019

USDCAD Has found support at Dec. 3rd lows. There are several signals that are pointing to an upcoming bounce. Let's take a quick look:

• USDCAD had a very strong decline and stopped at Dec. 3rd low prices. This is marked yellow on the chart.
  
• We have a Morning star pattern that formed on the last three closed candles.
  
• The MACD is curving up with a bullish crossover, histogram moving in favor of the bulls.
  
• Price is hovering around the lower end of the Bollinger Bands.
  
• RSI is coming out of oversold.
  
• A bounce can be expected after these signals show up. Target is marked purple on chart.
  
• Gray dotted line marks the stop loss.
  

Thanks a lot for reading.

Remember to hit LIKE if you enjoyed this information.

Namaste.

11 thg 1, 2019

Ghi chú

Going as planned.

17 thg 1, 2019

Đóng lệnh: dừng lỗ

17 thg 1, 2019

Đóng lệnh: đạt mục tiêu