Bullish Signals on USD/CAD
US Dollar Dominance seems to be back again
With cryptos having a tough time lately, it seems just apt to look at how US dollar is doing.
DXY seems to have formed a double bottom
USD/CAD seems to have formed an inverse head and shoulders pattern with neckline at around current level ($1.28), purple lines
Arguably, current area pattern is an ascending triangle, a bullish pattern, blue lines
MACD about to cross up
Looking at 1.34ish as initial target, then 1.40ish
Market seems to be risk-averse these days.
Stay safe!
With cryptos having a tough time lately, it seems just apt to look at how US dollar is doing.
DXY seems to have formed a double bottom
USD/CAD seems to have formed an inverse head and shoulders pattern with neckline at around current level ($1.28), purple lines
Arguably, current area pattern is an ascending triangle, a bullish pattern, blue lines
MACD about to cross up
Looking at 1.34ish as initial target, then 1.40ish
Market seems to be risk-averse these days.
Stay safe!
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.