RSI channel clearly shows that CAD buyers come in to market every time CXY could not hold its value Also it shows that CAD has bullish market Finding currency which is bearish, is great chance to have trade agains CXY
''CXY'' after the break with force of this powerful resistance we see that CXY will increase the price
CXY Bullish for the next few years. Please watch cross-currency divergence while trading.
CXY is coming back to retest "the ascending Channel and a significant Level of Support". We wait for Setup to align before jumping in the market.
D1 -->> pullback to support --->> a break below the cloud invalidate buying CAD
CXY is approaching our first resistance at 6.9990 (horizontal overlap resistance, 78.6% Fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 6.9634 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing low support). Stochastic is also approaching...
CXY is approaching our first resistance at 7.0544 (horizontal overlap resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 6.9899 (50% Fibonacci retracement, horizontal overlap support). Stochastic is also approaching resistance where we might see a...
CXY is approaching our first resistance at 7.0544 (horizontal overlap resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 6.9899 (50% Fibonacci retracement, horizontal overlap support). Stochastic is also approaching resistance where we might see a...