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Buy Signal

Long
U.S. Dollar / Canadian Dollar (FX_IDC:USDCAD)  
GrowInvest Updated   
FX_IDC:USDCAD   U.S. Dollar / Canadian Dollar
Support and Resistance Pivot Points Candlestick Analysis USDCAD
6
0
supportandresistance pivotpoints candlestick usdcad
Possible Long opportunity on USDCAD Daily Heikin Ashi chart.

Pros:
1. Price formed double bottom at S1 level pivot point
2. StochRSI is in oversold area.
3. MACD formed bullish divergence
4. Price formed doji candle followed by strong bullish candle

Cons:
1. Price is below 50, 100 and 200 SMA (simple moving average) - still a longer-term bearish trend.
Comment:
Long not valid now.
Better to follow the trend:
Sell Signal
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