OPEC-ally yours
Aktualisiert
The week begins with the recent OPEC remarks. As reported, the supply of oil is increased to 1M barrels a day and this is music to CAD's ears. With CAD being more stronger, there are significant possibilities that the pair will go further down.
Strong technicals here. USDCAD broke the 4 and 8 day trend respectively. It tested a one year resistance and nothing more is needed. Divergences too are spotted.
Ok so let's get this straight. You can't expect anything till the market open. First identify the volume in the opening bell. Afterwards, it should determine the trend direction. Hope it will be bearish. Do trade cautiously and on your own risk.
Thank you.
Riz.
Strong technicals here. USDCAD broke the 4 and 8 day trend respectively. It tested a one year resistance and nothing more is needed. Divergences too are spotted.
Ok so let's get this straight. You can't expect anything till the market open. First identify the volume in the opening bell. Afterwards, it should determine the trend direction. Hope it will be bearish. Do trade cautiously and on your own risk.
Thank you.
Riz.
Kommentar
Claps to UC longs...Kommentar
Short reminder from daily chart:Kommentar
This is only the tip of the iceberg:
Kommentar
Kommentar
Divergence!Trade geschlossen: Ziel wurde erreicht
Kommentar
Targets reached. Super selloff that. Good one. Now it bounced off the 200 period SMA and is going up. This was a good trade! Thanks guys!
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.