USD/CAD Daily Analysis
Price has been moving in a steady uptrend since the last quarter of 2024 with the big number 1.4600 next in sight.
However, an observation to note is that that the MACD has recently made a lower high, contradicting what is happening with price. We call this divergence and it's a sign that in this case buyers may be losing their grip of the market.
We could see either a short term or longer term sell off, but while price remains above the swing low of 1.42612, it would be advisable to remain patient and wait for a sell setup below this key price point.
However, an observation to note is that that the MACD has recently made a lower high, contradicting what is happening with price. We call this divergence and it's a sign that in this case buyers may be losing their grip of the market.
We could see either a short term or longer term sell off, but while price remains above the swing low of 1.42612, it would be advisable to remain patient and wait for a sell setup below this key price point.
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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.
Low-Cost Trading, for everyone, everywhere.
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.