FX:USDCAD   U.S. Dollar / Canadian Dollar
Possible upward movement of the pair. Price is currently in a lower bound trading zone with significant volume , making a stop and holding rejections at the bottom of the price near the 55 period EMA , essential in my strategy for analysis of possible trend continuations . Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red valley; accompanied by the loss of bearish strength indicated by the ADX bouncing towards the EMA . The MACD lines would be giving a possible buy signal soon. I think that it could go in search of the breakout of the previous high price zone or even continue its uptrend. The monitors of the indicator are quite developed almost touching the 0 point and we must be attentive, this retracement of the last candle is to join the movement of the signed pattern.


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