Main Quotes Calendar Forum
flag

FX.co ★ USD/CAD: upside reversal activated

parent
Forex Analysis:::2023-02-22T20:57:23

USD/CAD: upside reversal activated

USD/CAD: upside reversal activated

USD/CAD Strong Buyers!

The USD/CAD pair resumed its growth and now it has jumped far above the downtrend line and above the 1.3520 upside obstacles. You already knew from my previous analysis that jumping above the downtrend line activates an upside continuation.

In the short term the price tried to come back to test and retest the broken upside obstacles but it has failed confirming strong buyers.

USD/CAD Trading Conclusion!

The aggressive breakout above the downtrend line was seen as a new buying opportunity.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...