LiteForex - Analytics


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    USD/CAD: technical analysis on 20.10.2015

    On the daily chart, the price approached the middle MA of Bollinger Bands that coincides with the medium-term EMA65 and acting as the strong resistance. Both EMA130 and EMA65 are directed horizontally indicating a sideways movement in the pair. The RSI is testing its resistance that remains at Bearish level of 45. Both the RSI and Composite start diverging with the price but have not formed a clear signal yet. 


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