यह भी देखें
30.08.2023 05:14 PM
Green lines- wedge pattern
Yellow line - bearish RSI divergence
In previous posts we talked about the limited upside potential in USDCAD and that we preferred to be neutral if not bearish. We were expecting a down turn despite price making higher highs and higher lows.Price has broken below the lower green support trend line and despite a short-term bounce, price continues to make lower lows and lower highs. At 1.3505 we find our next crucial support level. Price is currently at 1.3531 with a low at 1.3521. We expect over the coming sessions for price to break below 1.35. The RSI bearish divergence was the warning we got for this reversal. The RSI has still not reached oversold levels. More downside is expected.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
