OANDA:USDCAD
#USDCAD - Technical Analyasis
Time Frame: 4H
First of all, we look at the bigger picture as always. On the 4H time frame, we can see a structure in which we can put our resist line and our support zone. They are pretty easy to be recognized. The price is now at the resist zone, in that way we expect to more likely see bounce than breakout. For that...
Time Frame: 4H
After the big push that happened not so while ago, we can again recognize ranging market right now. The range is limited by the resist and the support zone.
But what's interesting for this pair and where we can expect the breakout?
The most interesting thing about the bitcoin now is the price action that is market with the big circle. After the push...
Time Frame: 4H
- Overall downtrend. The price is moving in downtrend limited by the resist line. The resist line was broken not so long ago. The price created big push to the upside, which was followed by the exhaustion faze or the retracement faze. Also, the price failed to break below after the strong push to create new low point closer to the resist line for...
