USDCAD Will Go Up From Support! Long!

Here is our detailed technical review for USDCAD.

Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is testing a major horizontal structure 1.362.

Taking into consideration the structure & trend analysis, I believe that the market will reach 1.366 level soon.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

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تعليق:

I evaluated the trade and decided to keep it running!