USDCAD Is Going Up! Long!

17 Şub

Please, check our technical outlook for USDCAD.

Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is testing a major horizontal structure 1.348.

Taking into consideration the structure & trend analysis, I believe that the market will reach 1.351 level soon.

P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.

Like and subscribe and comment my ideas if you enjoy them!

21 Şub

İşlem kapandı: hedefe ulaştı

That was an excellent trade and the target was reached too!