CHART SCALE: Weekly

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

RESISTANCE LEVELS: 1.33289 - 1.35993

SUPPORT LEVELS : 1.29131

PAIR ANALYSIS :
The Loonie is in a bullish trend within a channel as indicated in fig 1 . The Linear Regression Slope at -0.00002 suggest the indecision of the tendency. The configuration of the parabolic Sar seem to support the bullish tendency. The MFI value can indicate a slightly bullish trend. The chart analysis seems to suggest the possibility of a secondary bearish retracement around the resistance line at 1.34703. A bearish crossing at 1.29131 can validate a significant bearish domination. The crude oil bearish forecast correlated with the pair facilitates the bullish tendency for the loonie.
It can be evaluated a forecast level price at 1.33289.
FIGURE 1 shows the bullish trend


FIGURE 2 indicates the forecasting pattern
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