FX:USDCAD   U.S. Dollar / Canadian Dollar
5
CURRENTLY THE MARKET IS RESPECTING THE MONTHLY RESISTANCE AT 1.36300. MOVING TO THE WEEKLY, I NOTICE THAT THIS RESISTANCE ZONE HAS BEEN RESPECTED A TOTL OF THREE TIMES DATING ALL THE WAY BACK TO NOVEMBER 2016. CURRENTLY THE MARKET IS CHANNELING BETWEEN THE MONTHLY RESISTANCE ( 1.36300 ) AND WEEKLY SUPPORT ( 1.31200). MOVING TO THE DAILY THE MOST RECENT CANDLE ( 12:41 AM PST) IS FORMING A HANGING MAN. GOING TO THE 4H CHART I NOTICE A DOJI THAT RETRACES OFF OF THE M/R AND IS FOLLOWED BY A LARGE BULLISH CANDLE STICK AND TWO MORE DOJIS, GOING FURTHER TO THE 2H I SEE THE EMA'S ABOUT TO CROSS OVER AND CONTINUE CONSOLIDATING UNTIL THE MARKET DICTATES WHAT IT ULTIMATELY WANTS TO DO.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.