USDCAD Analysis
A Possible bullish trend for next week, since we require a pullback after the drop. BUT I will post a better analysis on the weekend.
For now, it does look like it might be going up starting Monday but this can only be confirmed once that EMA line breaks (been bouncing off it long enough.
On the 4H the EMA line is too far away and the candles need to approach it soon (thus the pullback theory)
RSI seems to agree.
Any feedback? Comments are really appreciated.
For now, it does look like it might be going up starting Monday but this can only be confirmed once that EMA line breaks (been bouncing off it long enough.
On the 4H the EMA line is too far away and the candles need to approach it soon (thus the pullback theory)
RSI seems to agree.
Any feedback? Comments are really appreciated.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.