ukagazerock2

USDCAD Analysis 2022/01/14

FX:USDCAD   U.S. Dollar / Canadian Dollar
It seems like I can buy on this spot. Because as you see on this picture, it's on the bottom line of bollinger band of 1day frame. At the same time it is on the support line from May 2021. So it could possibly support the price. If you take a look at weekly chart, it is going up from the long time support line that has been great resistance and support since December 2004. So I hope it will be great opportunity to buy. On June 2021, this price has broken the falling wedge of 3 months, that could be one of the confirmation of up trend. For now, I'm planning to make it medium time of trading, but it could be great opportunity to make it long term investing from medium time trading. Because it is on the channel that's resistance line is on 1.45000. So I guess, it will rise up to that spot in 3 to 4 months. I apologize for my ugly english. But I tried pretty hard to explain my opinion. Give me advise for my analysis. Thank you :).
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