USDCAD Is Going Up! Buy!

29. Aug.

Take a look at our analysis for USDCAD.

Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is approaching a significant support area 1.348.

The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.360 level.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

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30. Aug.

Anmerkung

I am confident in this trade so I will keep it open!