Wednesday 14 March 2018

USD/CAD Bounced Off from 1.2985




After its latest move to the upside towards 1.2985 USD/CAD bounced off from that level after forming several notable candlesticks on the four-hour time frame. Namely, several shooting star candlesticks and a hanging man candlestick. The pair is still bearish for now and it will likely continue moving to the downside towards 1.2870. If it breaks out below that level there will likely be a further move to the downside towards the support at 1.2820, which coincides with the (MA)89 indicator on the four-hour time-frame. If the pair manages to break out below that level too it will probably test the last low at 1.2800.
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4 comments:

  1. Unknown14 March 2018 at 13:10

    It seems 1.30 is hard to achieve.

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  2. R14 March 2018 at 13:50

    This comment has been removed by the author.

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  3. R14 March 2018 at 13:52

    For those who have not read it yet : https://sites.google.com/site/tradingonlineamoralproblem

    ReplyDelete
  4. Unknown15 March 2018 at 02:15

    We may see a downward correction before another move upward.

    ReplyDelete

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