Forex technical analysis: USDCAD non-trending

Discussion in 'Technical Analysis' started by ForexLive, May 17, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Attacking the Currency Non-Trend The USDCAD is a currency pair that is non-trending. Over the last 9 or so trading days, the price has: Note the 100 and 200 hour MA are near the middle of the trading range. They have done a fairly good job at defining bullish or bearish risk/bias, but the price can continue to go above and below - chop around. We are looking to break below currently (at 1.2880) and that would switch the bias more to the downside.

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