USDCAD move on 15 minutes time frame
My analysis were based from a larger time frame down to a smaller time frame.
Within the 15 minutes chart, price will rise to the bearish 4 hour trendline since its generally a downtrend from a larger picture. The stochastic indicator clearly shows that the base currency which is USD has been oversold and now ready to rise to 1.36500 price mark.
Since it is a generally downtrend, bullish trend will be very likely to reverse at the trendline area indicated.
Within the 15 minutes chart, price will rise to the bearish 4 hour trendline since its generally a downtrend from a larger picture. The stochastic indicator clearly shows that the base currency which is USD has been oversold and now ready to rise to 1.36500 price mark.
Since it is a generally downtrend, bullish trend will be very likely to reverse at the trendline area indicated.
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