After the Hammer formation candle, as expected we saw last week have some bullish momentum
Daily Chart
We saw continued bullish momentum last week , however past few days we are seeing seeing doji's / indecision from price action
Having said that, yesterdays doji's body did actually close above minor resistance which should now become support however next resistance is near, so i expect some sort of rejection back towards the pink zone support before taking another leg up
Hourly Chart
Broke through resistance, and looking on towards testing the next resistance
Outlook Trade opportunity
Long preferred
Risk Level LOW
Tips -
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0 Response to "USDCAD Forecast for the week 23rd April, 2014"
0 Response to "USDCAD Forecast for the week 23rd April, 2014"
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