FX:USDCAD   U.S. Dollar / Canadian Dollar
186 0 7
With crude oil             price falling, I believe there is an opportunity to buy this pair. The pair is clearly in an uptrend if we look at the daily chart . Price has created some good support and resistance areas which have been tested and broken. As price action broke through the most recent area of support turned resistance, it's formed a parallel channel to the downside. This has respected the trend line acting as support and bounced off forming a morning star . This is a strong reversal sign indicating a move upward.

Furthermore, we have some Stochastic divergence where price is forming lower lows but contradicting higher lows are being formed on the indicator. Price has broken the parallel channel on both the 1 hour and 4 hour charts.

Slightly risky has the current 4 hour candle has not closed.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out