Indonesia
AUDCAD AnalysisPrice currently resistance area and maybe will have some rejection from this level.
Price also start to make LH and LL as an early indication of a trend change.
For the RSI, we can see that it has broken below level 50 and during an uptrend it has never been broken below level 50.
And this could be a sign of a decline.
However, we still have to respect the decision zone because we will focus more on price action.
this level will probably be the last barrier.
If this zone is successfully broken, we can sell.
COVID-19 Wave 2 onset and ongoing... SG, MY, ID and CNAs posted weeks to months ago, it is becoming clearer than daylight that Wave 2 is upon us in 2021.
As described previously, the CONFIRMNED charts here have a peciliarity... that the MACD histograms hint of the trend months ahead in advance.
As observable, Singapore is currently maanging pretty well, but is heading towards a Wave 2 slowly and surely. The trend is telling us that for the past 16 weeks (4 months) already!!!
SG's neighbours Indonesia (lower left) and Malaysia (lower right) have been having trouble keeping the lid on it... with Indonesia experiencing Wave 1.2, and Malaysia in a massive Wave 2.
China, top right, had a similar build up to SG and is pretty much in a mild Wave 2 currently.
Clearly, showing the path of what to expect as Singapore is heading down the same road. 16 weeks of notice, and nothing solid is being done to stop the wave from reaching. At this rate, by about Chinese New Year, SG should be in Wave 2 proper.
In any case, pretty much the whole world is sinking into Wave 2 already...
Contrary to the main belief, the vaccine availability, intended to slow down the spread, may actually allow expectations to rise, and a false sense of security to set in... this is where the virus will be taking advantage, as it creates variants, and penetrates through populations
So there... INCOMING!
USDCAD Speculative BuyThis setup is speculative buy.
As we know the price still downtrend and already break previous support.
but we have one big bullish candle engulf 4 previous candles.
This could become a false break
RSI also show a bullish divergent.
reduce your lot size as this is a speculative buy