USD/CAD analysis for December 07, 2018

Trading 07 déc 2018 Donner votre avis

analytics5c0a7310bd7f9.png

Recently, the USD/CAD pair has been trading upwards. The price tested the level of 1.3444. Anyway, according to the H4 time – frame, I have found that price went above the Keltner upper band (overbought conditions) and then it moved back inside the Keltner channel, which is a sign that buying looks risky. I have also found a hidden bearish divergence on the LBR oscillator, which is anotther sign of weakness. Watch for selling opportunities. The downward targets are set at the price of 1.3335 and at the price of 1.3250.

The material has been provided by InstaForex Company - www.instaforex.com

Fatal error: Uncaught Exception: 12: REST API is deprecated for versions v2.1 and higher (12) thrown in /var/www/forex-winner.com/htdocs/wp-content/plugins/seo-facebook-comments/facebook/base_facebook.php on line 1039