Although the 50 — and 200-SMA are positively oriented to each other, varies with the USD/CAD in 4 hour chart between the two moving averages.
The relatively steady rally led to a correction of movement, so that the RSI in the oversold area below the 35% mark fell in a bullish market environment.
As long as the USD/CAD trades above the 200-SMA, the bulls, the uptrend to sustain. With a break below the 200-SMA, the momentum, so that it could develop a new downward trend. A closing price above the 50-SMA could lead to a huge demand wave.
Forex and Bitcoin News
- Bitcoin news all — All news about bitcoin in one site
- Expert forex trading – Metatrader expert advisors tutorial
- Forex factory news
- Forex online broker
- Trade currency – Trading Opportunities and Financial Tips
- Trading options
- Trading stocks economic, financial