USD/CAD pulls back from monthly high and flirts with short-term support line. The RSI is overbought and the MACD is about to make a bearish cross, causing sellers to appear. The weekly uptrend line and horizontal support from early May limit immediate moves. Buyers have a tough road ahead of the yearly high set in […]
Tag: ChartPatterns
Intensive sellers will trail near the 2-year low at 1.0640.
-637864610189673470.png "Intensive sellers will trail near the 2-year low at 1.0640.")
The explosion of the Darva Box chart formation will unbalance the asset. Falling 20 and 50 period EMAs affirm that the decline is intact. The RSI (14) is on the verge of falling below 40.00. EUR/USD opened almost flat at 1.0806 and rose to 1.0815 but responding sellers dragged the pair below the opening price […]
