JamieHolmes
Long

regular bullish divergence USDCAD

FX:USDCAD   U.S. Dollar/Canadian Dollar
58 0 1
Declining oil             prices has added to CAD weakness today. Economic optimism and factory orders for the US are due today and a positive reading should continue the current upward trend. The price action is breaking out, with a Bollinger squeeze in play at the hourly timeframe. Also, the trade balance for the US and Canada are due soon, which should have moderate volatility effects on the Loonie.

Also, the MACD has made an upward cross over after making lower lows, while price action has made higher lows - known as regular bullish divergence. This indicates underlying strength and a continuation of the upward trend.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out