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EUR/CAD

Short CAD

Bayesian Probability  |  Sat, 23/04/2011 - 16:01
Bayesian Probability
USD/CAD Daily Chart

The Canadian Dollar (CAD) seems to be bottoming out.

As of 23 Apr 2011 on the daily chart USD/CAD has completed a triple divergence: MACD lines, MACD histogram and Stochastics. On Thursday 21 April, we had also a “rejection tail bar” on the daily chart, very often a messenger for a price reversal.

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