USDCAD at or near Support. UC due for a bounce?

2019年1月8日

UC approaching a couple of support zones.
If these zones do not bounce the price, then it will head much lower.
Watching closely.

2019年1月8日

注释

Decent bounce out of support zone, but bulls need to break this 1.618 to get more bulls on board

2019年1月11日

注释

Above initial support did not hold, neither did the second one. But now we are coming back up to ''previous'' support. Question is whether it will turn into Resistance now

2019年1月11日

注释

Nice! previous support Pierced with Vigor

2019年1月17日

注释

Here we are, back in the zones

Zooming in, my miscalculation becomes obvious. I expected the 4x band to hold it, but turns out it was the 5x band

Another look with the colored bands for better contrast