USDCAD H4 | Potential Bearish Reversal?

BY admin admin

TitleUSDCAD H4 | Potential Bearish Reversal? TypeBearish ReversalPreference:Price is rising towards the pivot point of 1.32421 and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.30985.Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance at 1.33053.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Forex

Germany's Scholz: Consumers should go shopping again, be optimistic

Comments by German finance minister, Olaf Scholz As much as we see many people starting to come back out and go about their daily lives, what we don't see is the extreme i.e. people who are still

Forex

Japan says that foreign visitor arrivals in March fell by 93% compared to last year

The drop is the largest on record, says the Japanese tourism chief statistics ForexLive March to April is usually one of the peak travel periods for Japan due to the cherry blossom season, but this ye

Forex

FX option expiries for 16 February 10am New York cut

Just one particularly large one of note, as highlighted in bold.That being for EUR/USD at 1.1400, which holds near its 200-hour moving average @ 1.1399 so that could help to act as a bit more of a res

Copyright © 2024 | WordPress Theme: Xews Lite