FX:USDCAD   U.S. Dollar / Canadian Dollar
1456 19 41
The pair is in correction and we at the decision taking level now near the up trend line , buying any breakouts of the lower degree correction top trend line to target 1.46 area once again makes sense. If we are to not get that topside break and instead break the longer term trend line to the downside it signal a much deeper correction and more downside in the coming weeks.

Note: divergence observed in 1hr and 4hr
Totally agree
+1 Reply
piphunters Al.Massari
Looks good mate, with no cut in oil production any time soon, long is pretty safe. It should be range bound for quiet sometime, until oil starts to move below $26 level. All the BEST :)
+1 Reply
piphunters moneymaking
thanks mate
could have a bit more downside;
piphunters marcus123
to the trend line perhaps yes
Great analysis simple but very powerful, I have a similar thoughts
+1 Reply
piphunters JaimePantoja
thanks and good luck
this 4hr looks to be breaking the trendline?
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