- USDCAD is well over bough on every timeframe
- We've reached the 78% fibonacci retracement line
- USDCAD might go higher but it needs a serious correction as it's not very wise to buy when the RSI is at +85 !
- USDCAD has been consolidating since 2008 but is 0.95 really the bottom ???
- As far as the chart can go USDCAD went down when its weekly RSI touched 85.
Risky ? Maybe if you only consider fundamentals and one speach from the BOC but the laws of nature ( Fibonacci) are also at work here !
Rewarding ? Certainly !
- We've reached the 78% fibonacci retracement line
- USDCAD might go higher but it needs a serious correction as it's not very wise to buy when the RSI is at +85 !
- USDCAD has been consolidating since 2008 but is 0.95 really the bottom ???
- As far as the chart can go USDCAD went down when its weekly RSI touched 85.
Risky ? Maybe if you only consider fundamentals and one speach from the BOC but the laws of nature ( Fibonacci) are also at work here !
Rewarding ? Certainly !
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.