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  • Results 1 to 10 of 200

    Thread: USD/CAD (part 28)

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    1. #19
      My charts talk to me!
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      Beautiful Quynh is a splendid one to behold Beautiful Quynh is a splendid one to behold Beautiful Quynh is a splendid one to behold Beautiful Quynh is a splendid one to behold Beautiful Quynh is a splendid one to behold Beautiful Quynh is a splendid one to behold Beautiful Quynh is a splendid one to behold Beautiful Quynh is a splendid one to behold Beautiful Quynh's Avatar
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      Quote Originally Posted by Beautiful Quynh View Post
      The price spiked high during Friday but it quickly came back down.



      Apparent neither side has enough power to draw the price their way but given a strong reason the bulls might pull the price up to challenge the recent spike high as seen from the violet lines. The other scenario would be that price will just go down to the support level below as marked by the black lines.
      The movement in USDCAD is similar to AUDUSD where the market is hesitant to move strong.



      So from here we can expect the market to go up to the resistance level above as marked by the violet lines or it can drop strongly to the support level below as described by the black lines.
      Traders don't know the future that is why traders need market scenarios.

      Thanks  

    2. The following 2 users say Thank You to Beautiful Quynh for this useful post.

      dzin4aans (02-13-2018), PongsakornFX (02-13-2018)

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