RENKO CHART Prices moved up 4 RENKO blocks today due to the good economic data from UK Moving close to the high established since January Very good up slope with wide gaps between the 2 EMA RSI still a distance from the oversold region
CANDLESTICK CHART A cup and handle formation forming. A break above the year high should send this pair on a bullish trend
CONCLUSION KEEP CLOSE EYE ON THIS PAIR AS IT PRESENTS A GOOD LONG OPPORTUNITY. LOOKING AT CURRENCY HEATMAP SHOWS WEAK PERFORMANCE BY THE CAD, THEREFORE HIGH CHANCE OF THE HIGH BEING BROKEN. BUT ALL REMAINS TO BE SEEN.