You are here
USDCAD – Is it a Bearish Wedge? Forex News 

USDCAD – Is it a Bearish Wedge?



USDCAD – Is it a Bearish Wedge?

USDCAD – Is it a Bearish Wedge?

recent updates have stated that “USDCAD upside acceleration is feasible (consolidation could destroy both way), specially thinking about the response from 1.2830s. movements off of this rate produced 2 trending movements in 2015.” A fine bias is warranted at the same time as above 1.2834 but be conscious that trade because the can also low could compose a wedge that gives way to the following down leg within a bearish cycle from the January high.

Click here for reuse options!
Copyright 2016 Investors Buz
follow me

Jadtecnic

Founder.Editor at Investors Buz
Richard Dambrosi (JADTECNIC)Has Been Sharing Forex Analysis Trending Markets News since 2011. Editors and Founder of InvestorsBuz.com , has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars , Electric Cars, Medical Marijuana , 3d printing and Cloud computing , Refers to Readers as BUZ INVESTORS.
follow me
READ  UK construction output declined more than expected in January

2 thoughts on “USDCAD – Is it a Bearish Wedge?

  1. […] The indicator I have been referring to is the 200-day moving average. The 200-day moving average is the dividing line between stocks trading in a bull market versus stocks trading in a bear market. When a share price is above the moving average, it is bullish; when a share price is below the moving average, it is bearish. […]

  2. […] level) opened the way towards the 1.3180 level where significant bearish pressure was originated. Bearish persistence below 1.3000-1.2970 (61.8% Fibonacci level) was needed to enhance bearish momentum in the market. […]

Leave a Comment