Sequence of Analysis

1. Let the market stretch
2. Support / Resistance
3. Price Actions
4. MACD / Stochastic
5. Overbought / oversold - two long candle (hourly / 4H / Daily

Wednesday, August 30, 2017

USD-CAD Technical Analysis 30 Aug 2017

W formation or the reverse head-shoulder formation is not yet complete in the major long term trend. Yet it is still undergoing correction process as the MAC and Stochastic in the monthly time frame both showing strong bearish trend. For the time being the correction is still underway and no sign of continuation on the bullish uptrend.



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