USDCAD Reversal in Trend.

30 thg 3, 2016

Potential Double Bottom formation on 4hr and Daily chart is in process.

As far as prices are above 1.28, A jump towards 1.40 is likely.

Oil fallen below Daily Rising Trendline.

30 thg 3, 2016

Ghi chú

Oil chart.

31 thg 3, 2016

Ghi chú

There is a possibility of break of double bottom today.. trade with care at your own risk..!!!

31 thg 3, 2016

Ghi chú

As said earlier.. we can see break of double bottom.. so market plunged down and tested lows of 1.28.. and jumped up..

I will remain bullish on usdcad untill and unless we see daily close below 1.28. Daily close below 1.28 would suggest renewed downtrend and uptrend in oil.

1 thg 4, 2016

Ghi chú

Simple structure... no need to mention anything..

7 thg 4, 2016

Ghi chú

Daily close above 1.318 with break of 1.322 will be very positive for usdcad bulls that can potentially lead for 1.34 and 1.37