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USDCAD may be forming a cycle bottom at 1.0180

Discussion in 'Technical Analysis' started by ForexCycle.com, Mar 17, 2013.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    USDCAD may be forming a cycle bottom at 1.0180 on 4-hour chart. Further rise towards 1.0341 previous high would likely be seen in a couple of days. Key support is now at 1.0180, as long as this level holds, the price action from 1.0341 would possibly be consolidation of the uptrend from 0.9815 (Jan 11 low), one more rise towards 1.0500 is still possible after consolidation. On the downside, a breakdown below 1.0180 will indicate that the uptrend from 0.9815 had completed at 1.0341 already, then the following downward movement could bring price back to 1.000 zone.

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  2. Epicresearch

    Epicresearch Active Member

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    Epic Update

    Epic Rhodium:buy Ktk Bank Above 141 Tgt 141.50/142 Sl 140.25 (9752199966)
     
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