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USD/CAD 1 hour up trend
Tuesday, March 10, 2015 14:17
% of readers think this story is Fact. Add your two cents.
Trend is bullish in 1 hour chart. Intraday support is present at 1.2571 price level. As long as price prints; higher highs and higher lows, I would be probably looking for buy trades. Since yesterday, the currency pair has printed a weak bullish leg. This looks like a start of a new up trend. If bearish candlestick closes below 1.2571 critical support level then up trend is going to end. In this case, I would prefer to stay out of the market and re-analyze the price action.
Source: http://www.fxinstructor.com/blog/usdcad-1-hour-up-trend
