In the matter of two days, UCAD dropped almost 226 pips. Thanks to the weak Canadian Unemployment report, USDCAD has seen some hopes, but is it all?
Too many technicals here. The pair is expected to bounce back at the regression channel. Penetration of the Bollinger Bands is not expected...so the pair might hit the upper wall and tumble down. The 38.2% Fib level can provide a good resistance. The pair is almost oversold , as indicated by the UO and Stoch RSI. The aftermath of the news will not last longer. It's time for a good selloff to end the week.
Best of luck!
~Riz
Too many technicals here. The pair is expected to bounce back at the regression channel. Penetration of the Bollinger Bands is not expected...so the pair might hit the upper wall and tumble down. The 38.2% Fib level can provide a good resistance. The pair is almost oversold , as indicated by the UO and Stoch RSI. The aftermath of the news will not last longer. It's time for a good selloff to end the week.
Best of luck!
~Riz
İşlem aktif
TP- 1.27568SL- 1.28195
Risk/Reward: 0.19
Let's see!
İşlem kapandı: hedefe ulaştı
Damn good !
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.
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.