Hammer Candle Formation last week from the Support Zone With the long wick , this shows buyers are really in control.
Daily Chart
False break of support is noted from last weeks price action. However Ichimoku Studies shows that we have broken the clouds and trading below, which suggest in a bearish mode. Having said that, the current clouds has some room for any bullish momentum to take place.
We also have the Tekan San line which is flat , which usually attracts price towards the line.
Hourly Chart
This is the only Time Frame Chart (H4) which we are trading into the clouds acting as possible resistance, So I would like to see price go above the the clouds and break the 23.6% fib level to consider long trade
Outlook Trade opportunity
Please see H4
Risk Level LOW
Tips -
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0 Response to "USDCAD Forecast for the week 14th April, 2014"
0 Response to "USDCAD Forecast for the week 14th April, 2014"
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