Forex: USD/CAD Technical Analysis ? Candle Setup Favors Gains
To receive Ilya's analysis directly via email, please SIGN UP HERE
Talking Points
- A bullish Three Inside Up candle pattern has marked the start of a cautious recovery
- Near-term resistance is at 1.0329 (38.2% Fib); a break of that exposes 1.0374 (50% Fib)
- Reversing below support at 1.0273 (23.6% Fib) targets the trend line (1.0235) anew
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? Watch this Video
For live market updates, visit the Real Time News Feed
original source
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Comments
No comment