Usdcad analysis in 1H timeframe The Canadian dollar between the two resistance areas (1.2809-1.2821) and The support area (1.2677-1.2656) is fluctuating. We have returned to these areas every time we encounter them. In the last wave, we had bullish candlesticks, among which there is no descending candlestick, which shows the power of buyers. When it hit the...
Check the gold chart in 1H time frame After being targeted in 1989.4 As you can see in the chart, after climbing 700 PIP a negative divergence has formed which needs to break the support area 1976/1983 to complete Due to the frequent and powerful declines of gold, we use the Sell Stop order Sell Stop: 1973.24 TP1: 1949.84 TP2: 1925.30 SL: 1990.65 R.R: 2.84 But in...
Gold analysis in 4H time As you can see in the chart, we have an important resistance area in 4H time, and we have witnessed a downward reaction every time the price hits this area. However, hitting the resistance area on 24Feb has been associated with a weak downtrend, which may indicate that this area is weak. There are two scenarios ... 1: Descent from the same...