Hello Traders.
Today Analysis i expect further decline on USD/CAD if the pattern i recognize is in fact a zigzag correction (ABC)
RSI and Stochastic are overbought on the 1 hour and 4 hour. Price may go higher hitting the 200 EMA and .618 fibonacci level before start to decline again. one think i notice it's the RSI and stochastic are oversold on the daily chart, so it's kind of tricky where the trend is going
Thanks
Today Analysis i expect further decline on USD/CAD if the pattern i recognize is in fact a zigzag correction (ABC)
RSI and Stochastic are overbought on the 1 hour and 4 hour. Price may go higher hitting the 200 EMA and .618 fibonacci level before start to decline again. one think i notice it's the RSI and stochastic are oversold on the daily chart, so it's kind of tricky where the trend is going
Thanks