Setup
USD/CAD has broken below its long term uptrend line and is making lower lows while below the 30 week SMA, indicating a downtrend.
Signal
The daily chart shows a steep downtrend with RSI having twice been oversold at the May and June lows. However, on the most recent re-test of the lows RSI has held up. A double bottom pattern confirmed by a break back over 50 RSI could signal a more sustained bounce.
USD/CAD has broken below its long term uptrend line and is making lower lows while below the 30 week SMA, indicating a downtrend.
Signal
The daily chart shows a steep downtrend with RSI having twice been oversold at the May and June lows. However, on the most recent re-test of the lows RSI has held up. A double bottom pattern confirmed by a break back over 50 RSI could signal a more sustained bounce.
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spreadex.com/financials
tradingwriters.substack.com/
Market Analyst for:
WeTrade
wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Signup to my newsletter:
tradingwriters.substack.com/
Market Analyst for:
WeTrade
wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
tradingwriters.substack.com/
Market Analyst for:
WeTrade
wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.