TradingView
DK_Investment
Apr 9, 2019 12:14 PM

USD/CAD still in up trend channel - long from 1,323/ target 1,34 Long

U.S. Dollar/Canadian DollarFXCM

Description

-USD/CAD pair is still in up trend channel and dumped from 50 day moving average which implements further
down movement in short term
-market price is currently at 100 day moving average support - expect soon breakdown and further down movement
-RSI is currently at support line and testing this support
-MACD down movement seems to stop which would bring up pressure into the market + bullish crossing of baselines is incoming

Trade closed: target reached

target reached after one day
More