The week begins with the recent OPEC remarks. As reported, the supply of oil is increased to 1M barrels a day and this is music to CAD's ears. With CAD being more stronger, there are significant possibilities that the pair will go further down.
Strong technicals here. USDCAD broke the 4 and 8 day trend respectively. It tested a one year resistance and nothing more is needed. Divergences too are spotted.
Ok so let's get this straight. You can't expect anything till the market open. First identify the volume in the opening bell. Afterwards, it should determine the trend direction. Hope it will be bearish. Do trade cautiously and on your own risk.
Thank you.
Riz.
Strong technicals here. USDCAD broke the 4 and 8 day trend respectively. It tested a one year resistance and nothing more is needed. Divergences too are spotted.
Ok so let's get this straight. You can't expect anything till the market open. First identify the volume in the opening bell. Afterwards, it should determine the trend direction. Hope it will be bearish. Do trade cautiously and on your own risk.
Thank you.
Riz.
Nota
Claps to UC longs...Nota
Short reminder from daily chart:Nota
This is only the tip of the iceberg:
Nota
Nota
Divergence!Dagangan ditutup: sasaran tercapai
Nota
Targets reached. Super selloff that. Good one. Now it bounced off the 200 period SMA and is going up. This was a good trade! Thanks guys!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.