-In 1day chart strong MACD divergence, meaning market fatique
-Multiple crossings of Support and Resistance and trend lines. Currently price is at hourly resistance (purple line) and daily upper border of triangle (red line). I wonder if Price can pierce through this defensive line. If this happens than expect a move all the way to 1.34, where we have merging of 2 significant daily lines (1 trendline 1 Resistance in red).
- Tomorrow it is a significant day for BoC rate announcement. Very volatile day ahead!
-Oil reaching the bottom, but still some way to go down.
-Recommendation is to stay on the sideline and wait a strong thrust in one or another direction.
-Multiple crossings of Support and Resistance and trend lines. Currently price is at hourly resistance (purple line) and daily upper border of triangle (red line). I wonder if Price can pierce through this defensive line. If this happens than expect a move all the way to 1.34, where we have merging of 2 significant daily lines (1 trendline 1 Resistance in red).
- Tomorrow it is a significant day for BoC rate announcement. Very volatile day ahead!
-Oil reaching the bottom, but still some way to go down.
-Recommendation is to stay on the sideline and wait a strong thrust in one or another direction.