USDCAD BULLISH
Looks like we would see a bullish move for USDCAD for the following reasons:
the bearish movement has made the price drop to resistance for the third time its important to not that the resistance has been well respected since 26 November 2021.
the RSI has shown us that the market has been way over sold and is most likely to make bullish movement on Monday.
on the 15 min timeframe we are also noticing bullish momentem with the compleation of the w formation.
totaling 3 bullish confluences on the chats.
fundamentals:
TUESDAY, JANUARY 4
15:00
USD ISM Manufacturing Employment Index(Dec)
USD ISM Manufacturing New Orders Index(Dec)
USD ISM Manufacturing PMI(Dec)
USD ISM Manufacturing Prices Paid(Dec)
14:30
CAD Markit Manufacturing PMI(Dec)
the bearish movement has made the price drop to resistance for the third time its important to not that the resistance has been well respected since 26 November 2021.
the RSI has shown us that the market has been way over sold and is most likely to make bullish movement on Monday.
on the 15 min timeframe we are also noticing bullish momentem with the compleation of the w formation.
totaling 3 bullish confluences on the chats.
fundamentals:
TUESDAY, JANUARY 4
15:00
USD ISM Manufacturing Employment Index(Dec)
USD ISM Manufacturing New Orders Index(Dec)
USD ISM Manufacturing PMI(Dec)
USD ISM Manufacturing Prices Paid(Dec)
14:30
CAD Markit Manufacturing PMI(Dec)
Penafian
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