SamKent

USD/CAD Long Opportunity

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
4
The USD/CAD is looking to trigger a bullish entry for us on the 1H chart. We're looking at the 61.8% support continually holding up thus far, coupled with a slight bullish RSI divergence, an cross-back from oversold stochastic in an overall bull market, and finally a potential upward break of a descending trend-line. Due to all these reasons, we're interested shorter term buyers, looking for a move up towards the triangle's descending trend-line.

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.