The US
Dollar versus the Canadian Dollar has kept a good support around the 200 day
exponential moving average and the 1.1940 low level. On the daily chart we can
see that the last candles have had lower lows and lower highs. This is an
indication that the sellers are taking control of the pair. If a bearish
breakout is confirmed, then all we have to do is to wait for the pullback to
the 1.1940 level for a possible short entry.
Very nice tip I'll be watching
ReplyDeleteIt's still consolidating.
ReplyDeleteGood point! I´ll be watching to those levels.
ReplyDeleteWill follow this consolidation!
ReplyDeleteExcellent analysis, you hit the essence.
ReplyDeleteUptrend continues.
ReplyDeleteExcellent analysis.
ReplyDeleteGood analysis.
ReplyDelete