Pingens-Trading Professional In continuation to my last analysis - I think GJ is losing momentum of going up. Now if we do some TA then we will begin to see the following - 1. You will find there's 4H RSI Divergence which occurred twice in last 2 weeks (red lines while in the chart)
a very strong bearish reaction followed. However, examining a price action I want you to definitely realize that technically speaking
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It is an event that generates some volatility to the USDCAD. If a steady demand in exchange for CAD exports is seen, that would change into a beneficial growth inside the trade balance, and that should be constructive for the CAD.
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Of your three primary fundamental factors with the USD/CAD in 2022, the comparative Canadian and US economies, central bank interest rates and the price of oil, the first is really a wash, the second tilts towards the US as well as 3rd is unlikely to increase adequately to provide the loonie a long-term gain.
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Create a chart for virtually any currency pair during the world to see their currency background. These currency charts use live mid-market rates, are easy to utilize, and therefore are very reliable.
02.22 within the near future. I refined a daily OB down to 1H OB and hope to check out some reaction from the 1H OB. I am going to will try to look for confirmation and reversal over the 1min tf and then try to look for an entry about the sec more info chart tf.
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