0
0
January 15, 2021 at 03:54PM
• USDCAD reversed from pivotal support 1.2635
• Likely to rise to 1.2830
USDCAD recently rose sharply from the pivotal support 1.2635 (which stopped the previous minor impulse wave (i) in the middle of December), intersecting with the lower daily Bollinger Band.
The upward reversal from the support 1.2635 will most likely create the daily Japanese candlesticks reversal pattern Bullish Engulfing.
USDCAD is expected to rise further toward the next resistance level 1.2830 (top of the candlesticks reversal pattern Dark Cloud Cover from the start of January).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/usdcad-wave-analysis-15-january-2021-20210115/
Selected by fonecable.com
Search Web: USDCAD Wave Analysis 15 January, 2021
Recent Posts
- Crude Oil Over Crypto
- US Dollar Price Action Setups pre-CPI: EUR/USD, GBP/USD, USD/JPY
- Cathie Wood & Ark: Insiders Aren’t Buying the Hype
- Breaking News: ECB Holds Rates, Setting up July and September for Fireworks
- Currency Carry Trade: What is it and how does it work?
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
Average Rating