USDCAD: UPTREND CONTINUATION?
If you look back into history, the most recent HIGH had been 1.30600 , Printed on 2009|03|09
This high of 2009 was violated recently on 2015|07|24 Price danced around this zone for a while, but managed to stay above it, and built a MODE of 18 solid days consequently.
Last Thursday, on FOMC day, this 18-day MODE got disconnected to the downside, and price is expected to down further but this seems failing
The erstwhile RESISTANCE of 1.30600 now seems a SUPPORT, as price got strongly rejected on FRIDAY,2015|09|18
Again, looking back over time, there's a MAGNETIC MODE at 1.3500.
THIS IS WHAT I SEE:
Should we successfully jump above the current 18-day MODE, and more so, BO above the RANGE HIGH=1.3350, then 1.3500 is NEXT.
This high of 2009 was violated recently on 2015|07|24 Price danced around this zone for a while, but managed to stay above it, and built a MODE of 18 solid days consequently.
Last Thursday, on FOMC day, this 18-day MODE got disconnected to the downside, and price is expected to down further but this seems failing
The erstwhile RESISTANCE of 1.30600 now seems a SUPPORT, as price got strongly rejected on FRIDAY,2015|09|18
Again, looking back over time, there's a MAGNETIC MODE at 1.3500.
THIS IS WHAT I SEE:
Should we successfully jump above the current 18-day MODE, and more so, BO above the RANGE HIGH=1.3350, then 1.3500 is NEXT.
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.