USDCAD Descends on Support at 1.0050
A Descending Triangle offers Breakout Entrys under 1.0050
A Descending Triangle offers Breakout Entrys under 1.0050
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The “Steps” Provide a Solid Entry Signal
Can the USDollar be supported over 9,900 by an Inverse charting pattern ?
The U.S. Dollar pattern hints of strength over the coming weeks creating a good opportunity at a good risk to reward ratio to buy the reserve currency.
Can Divergence under 1.0380 signal AUD/USD weakness ?
MACD converges off 2012 lows
The Daily Trend is the First Filter
Dow Jones Industrials is breaking 12,400. This may also break the EURJPY out of its bear flag formation.
The AUD/USD continues to be a difficult read for trend traders in recent months. It has not been experiencing the massive declines seen on other pairs like the EUR/USD and AUD/USD. Below, we can see the Aussie making advances relative to the USD.