USD/CAD: Long-term trend - long
Short-term correction to support levels of 50 EMA and 23.6% on Fibo.
CCI (50) goes over 50, giving a signal for a possible new upward momentum.CCI (14) passes over -100 also a positive signal
Pin bar on support levels, as the price has passed over the maximum of it - positive signal.
The levels are good for long, giving us a relatively small stop with a good target.
Price over 50 EMA in upward movement.
Alternative Scenario: Passing the price below 1.3642 will change attitudes to short.
Stefan D. Angelov - Head of Stocks Trading
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