LiteForex - Analytics

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    USD/CAD: technical analysis on 26.01.2016

    On the daily chart, the pair bounced off the middle MA of Bollinger Bands. The price remains above the EMA130 and EMA65, both directed up. The RSI failed its support in the Bullish zone at 50 mark and formed a divergence with the price. The Composite formed a divergence with the price as well. However, MA’s for both indicators suggest a current weakness of the market. 

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