USDCAD in a correction but for how long?
I was looking for a little more of a pullback but all indicators are showing this push has a way to go before slowing down.
A small bullish flag on the hourly would give me a strong buy signal. We may get resistance with another pullback but not as likely as a push through the resistance. I will start looking for signs of reversing at about 1.32.
A small bullish flag on the hourly would give me a strong buy signal. We may get resistance with another pullback but not as likely as a push through the resistance. I will start looking for signs of reversing at about 1.32.
Note
Although many have predicted the bigger bear a long time ago but we have now crossed the 382 which is a place where this pair turn regularly. I will be looking for a bear signal anytime from here to the 50. The US election may mess things up a bit though.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.