USD/CAD Technical Analysis ? Doji Candle Hints at Rebound …

Talking Points:

USD/CAD Technical Strategy: Long at 1.0907
Support: 1.0849 (May 19 low), 1.0832 (trend line), 1.0813 (May 8 low)

Resistance: 1.0973 (14.6% Fib exp.), 1.1072 (23.6% Fib exp.)

The US Dollar broke out upward as expected against its Canadian counterpart after prices completed a bullish Piercing Line candlestick pattern. A Doji candle at trend line resistance-turned-support (now at 1.0832) hints the up move […]

Forex: US Dollar Technical Analysis – Trend Favors Upside Bias …

To receive Ilya’s analysis directly via email, please SIGN UP HERETalking PointsPrices rose as expected after putting in a bullish Piercing Line candle patternBreaking below 10657 (range top) eyes the 10612-18 area (channel, range bottoms)A turn back above 10685 (38.2% Fib exp.) targets 10723 (50% Fib exp.)Can’t access to the Dow Jones FXCM US Dollar Index? Try the USD basket […]