USD/CAD: Our expectations: Price close to support in upward trend, after retracement and bullish price action signal. Possible increase after a slight decrease of about 1.3270 and a stop of 1.3140.
Alternative Scenario: Any price cut below 1.3161 will signal a possible breakthrough in diagonal support where we will have to close the larch and position itself with short positions.
Comment: Trend in the couple is long
Price is on diagonal support, after Retracement.
Price action signal for possible raise: bullish pin bar (hammer) with subsequent shadow adjustment and price over the maximum hammer.
The CCI(50) goes above -150 in ascending trending signal
DeM could not make a lower bottom than the previous one, although the price made a lower bottom - Divergence - bullish signal
Stefan D. Angelov - Head of Stocks Trading
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