Here I have USD/CAD on the 1 HR Chart!
Price has outlined a very clear Double Bottom pattern with the two Lows!
RSI is giving us a Bullish Divergence which tells me price really wants to work higher from this point!
Price has now broken the Confirmation of Pattern!
With this PA of now Higher Highs, we look for the next Low to be Higher than the Low of the Double Bottom being our INVALIDATION!
Fundamentally this week:
USD - Richmond Index (Tue) Flash PMI (Wed) Advance GDP, Unemployment, Durable Goods (Thur) Core CPE (Fri)
CAD - NHPI (Tue) BOC Monetary Policy, Rate Statement & Press Conference (Wed)
*If price does come down to test this break, I suspect the Support Zone @ Confirmation will be enough to catapult price up into the overhead Resistance Zone and Above!
Price has outlined a very clear Double Bottom pattern with the two Lows!
RSI is giving us a Bullish Divergence which tells me price really wants to work higher from this point!
Price has now broken the Confirmation of Pattern!
With this PA of now Higher Highs, we look for the next Low to be Higher than the Low of the Double Bottom being our INVALIDATION!
Fundamentally this week:
USD - Richmond Index (Tue) Flash PMI (Wed) Advance GDP, Unemployment, Durable Goods (Thur) Core CPE (Fri)
CAD - NHPI (Tue) BOC Monetary Policy, Rate Statement & Press Conference (Wed)
*If price does come down to test this break, I suspect the Support Zone @ Confirmation will be enough to catapult price up into the overhead Resistance Zone and Above!
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Keep It Current,
With Novi Fibonacci!
免責事項
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For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Keep It Current,
With Novi Fibonacci!
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。