USD.CAD Bottom?
The Dollar/Loonie may be in the process of carving out the right shoulder of a substantial reverse head and shoulders pattern that began forming in August. It may have recently made a secondary higher low after a major higher low back in October. RSI is making higher lows near 40 on the daily chart.
Replies to This Discussion
-
Permalink Reply by Steven Vincent on
-
Looks like this may develop into something more like a double bottom rather than a reverse head and shoulders. There's still a potential bottoming formation here though.
Join BullBear Traders
SUBSCRIBE Here
Pay with Cryptocurrency and SAVE!
(regularly $120.00)
Social Links
Steven Vincent's market analysis is published on:
© 2024 Created by Steven Vincent.
Powered by
