CHART SCALE: Weekly


INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope


RESISTANCE LEVELS: 1.36981


SUPPORT LEVELS : 1.301


PAIR ANALYSIS :


The Loonie is in a bullish tendency within a triangle but around a support zone as indicated in fig 2 . The Linear Regression Slope at -0.002 and the configuration of the parabolic Sar seem to support the trendless tendency. The MFI value can indicate a domination of the indecision of the trend. The chart analysis seems to suggest the possibility of a bearish retracement around the resistance line. A bearish crossing at 1.30101 can validate a significant bearish domination. The crude oil forecast correlated with the pair facilitates the slightly bullish tendency for the loonie.
It can be evaluated a forecast level price at 1.35131.


FIGURE 1 shows the trendlines


FIGURE 2 indicates the tendency


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