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Long

London Session Watch USDCAD

FX:USDCAD   U.S. Dollar / Canadian Dollar
London Session Watch USDCAD            

There are multiple pin bar candlestick patterns rejecting the mid band of the bollinger band on USD/CAD             which could potentially offer buying opportunities in today's London session. The long term trend is still bullish as the short term moving averages (10 and 20 period) are still above the long term moving averages (50,100 and 200 period) and the Tenken-sen continues to stay above the Kijun-sen as well which adds fuels to the bulls. Note that the Stochastic indicator is in oversold territory and the Commodity Channel Index ( CCI ) is also very near the oversold region which favors the bulls in this market. With all that being said, we have a high probability of buying opportunities coming in in today's London session.
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