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USD/CAD 4H Chart: Rising Wedge

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 2, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/CHF 4H Chart: Channel Up Comment: USD/CHF has recently tested water above this year’s maximum, and the next prominent high is as far as 1.1730, represented by the highest level since 2010. In the short run, we expect the price to rebound from the weekly PP at 1.0260 and test the upper trend-line of the channel at 1.0450. The bullish outlook is reinforced by the daily and weekly indicators. Also, the US Dollar is oversold, as 72% of open positions are short, meaning demand is highly likely

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