19 Jan 2017
USD/CAD mid-term buyers gaining momentum
On the 4H USD/CAD chart, the MACD has moved above zero denoting an uptrend.
Such a momentum indication, unseen for at least for more that a week, indicates that key price breaks are on the horizon. Likely, momentum traders who had been waiting for this technical signal will likely try to push USD/CAD higher.
Such a momentum indication, unseen for at least for more that a week, indicates that key price breaks are on the horizon. Likely, momentum traders who had been waiting for this technical signal will likely try to push USD/CAD higher.