In this chart we can see the CAD/USD conversion rate has formed a bullish divergence.
This pattern is formed when price action creates lower lows whereas simultaneously the RSI creates higher lows.
This divergence is indicative of a future sharp and sudden rise in price.
Entered (2) 6CM contracts at .72145
Target price of .72645
This pattern is formed when price action creates lower lows whereas simultaneously the RSI creates higher lows.
This divergence is indicative of a future sharp and sudden rise in price.
Entered (2) 6CM contracts at .72145
Target price of .72645
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.