Forecast for USD / CAD pair on July 22, 2019

USD / CAD pair

On the daily scale of the Marlin oscillator, a triple convergence has formed. The signal line of the oscillator itself is close to moving into the growth zone. The bottom in decrease from May 31 is likely to be found with the immediate goal of growth at the embedded line of the price channel of the older scale 1.3143. This level corresponds to the peaks of July 10 and July 1.

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On the four-hour chart, the price is higher than the MACD and balance indicator lines.The Marlin oscillator is in the zone of positive numbers in the zone of growth trends.

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The material has been provided by InstaForex Company - www.instaforex.com