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analysis of movement of usd cad commodity currency pair on the daily chart grafika numer 1

There is a few interesting things on the daily chart USD/CAD commodity currency pairs:

1. The appearance of three Wiseman signal.

2. There is a deviation between price movement with Awesome Oscillator indicator.

3. The price moves above the open Alligator gaping upwards.

4. The appearance of Bullish 123 pattern follow by 2 or Ross Hook (RH).

Based on the facts above we can predicted in a few days ahead that the Loonie will try to tested level 1,3977. However if on its way to to those levels suddenly corrected down below the level of 1,3554 the Bulls scenario that has been described earlier will become invalid and cancel by itself.

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(Disclaimer)

 

Relevance up to 05:00 2023-03-11 UTC+1 This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Read more: https://www.instaforex.eu/forex_analysis/120877


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