The MArket has been oversold and also on ascending support as in longer timeframe market is moving in a falling wedge. So from the support level, i am expecting the market to buy for 70 to 80 PIPS.
Commodity markets struggle to rebound, but the Canadian dollar remained under strong pressure even at the latter part of last week trading session.
The appearance of a Double Top structure ( a strong reversal pattern) on the chart confirms that the price has found a peak @ Fr0.75000 and has since the beginning of May 2021 continue to find lower lows which...
What I see in this pair is quite nice and as clear as possible, as you see in the chart,
Blue area you see just above the price is strong supply which price reacted to it perfectly, you can see they pushed price lower and lower after reaching to its strong supply,
Price were moving in strong uptrend channel , which 2 weeks ago that channel were broken to down,...