USDCAD has closed above 40 RSI with a large bull candle
The RSI shown on the USDCAD chart has closed above 40, and there was a large bull candle formation to complement the move up. Additionally, this is the first retracement within the trend.
Since the heaviest volumes are above the current price, I anticipate there will be a retracement into the demand zone and then trend continuation.
Based on the Renko bar chart (shown as a candlestick chart above), the price has yet to infiltrate the demand area on the chart.
Since the heaviest volumes are above the current price, I anticipate there will be a retracement into the demand zone and then trend continuation.
Based on the Renko bar chart (shown as a candlestick chart above), the price has yet to infiltrate the demand area on the chart.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.