USD/CAD Technical Analysis! SELL!
My dear friends,
I analysed this chart on USD/CAD, and concluded the following:
The instrument tests an important psychological level 1.33513
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.33009
Safe Stop Loss - 1.33809
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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