Actionforex usd cad analysis

A more sustained bearish reversal is not expected, unless the supports at At the time of writing the analysis, the price is hovering around the support at 1. While the positive sentiments are likely not over yet, should the bears manage to overcome the supports at and at , then it is possible that we will see a deeper correction towards the level of If, however, the resistance at is overcome, then the positive trend will return and the next target for the bulls — the level at — will likely be easily overcome.

US30 The positive trend for the U. Although the price has been moving in the range between and for the past three sessions, the breach of the support at has still not been confirmed. Even if it does end up being breached, however, signs of a follow-up correction could only be expected following the breach of the support at Read our Terms , Cookies and Privacy Notice High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.

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Bollinger Band Width 0. Action Bias is NOT intended for use as trading signals. That is, one could only consider going long when Action Bias is on the upside and short only when Action Bias is on the downside. Action Bias can also be used to determine the exit of your trades. For example, one could consider exiting a long trade when Action Bias changes from up to neutral.

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