xoxo45

xoxo45 Updated 

* USDCAD faces a strong area of resistance. The resistance is visible at D1 timeframe, USDCAD is about to hit a major zone. *This resistance zone coincides with the +70 % - (Fibonacci area = D1 timeframe) , further compounded by the RSI indicating overbought conditions in the D1,4H,2H(+70) timeframes. * Overbought Conditions on 1D, H4 and H1 time-frames -...

xoxo45

Hello fellow traders. We have seen that USDCAD, has been going down a lot lately. looking at the 2H for EURCAD this recent uptrend in the EURCAD could soon shift if the price doesn't break the yellow support line. The red downward arrows indicate other zones that need to be broken before we go further down and maybe hit 1.458's Looking at 4H seems also to...