View RSS Feed

mql5

USDCAD Technical Analysis 2016, July: ranging inside Ichimoku cloud for direction

Rate this Entry
by , 07-05-2016 at 10:33 AM (873 Views)
      
   
Weekly price is testing 1.3187 resistance level with the ascending triangle pattern to be broken to above for the reversal of the price movement from the ranging bearish to the primary bullish market condition. Alternative, the Absolute Strength indicator together with Trength indicator are estimating the ranging bearish trend to be continuing with 1.2460 support level to be broken to below for the bearish condition to be resumed on this timeframe.

Name:  usdcad-w1-metaquotes-software-corp.png
Views: 111
Size:  18.8 KB

If W1 price breaks 1.3187 resistance level on close bar so the bullish reversal will be started.
If W1 price breaks 1.2460 support level on close bar so the bearish trend will be resumed.
If not so the price will be on bearish ranging.

Submit "USDCAD Technical Analysis 2016, July: ranging inside Ichimoku cloud for direction" to Google Submit "USDCAD Technical Analysis 2016, July: ranging inside Ichimoku cloud for direction" to del.icio.us Submit "USDCAD Technical Analysis 2016, July: ranging inside Ichimoku cloud for direction" to Digg Submit "USDCAD Technical Analysis 2016, July: ranging inside Ichimoku cloud for direction" to reddit

Tags: None Add / Edit Tags
Categories
Uncategorized

Comments