USD/CAD hourly chart shows Bollinger Bands (+2/-2 standard deviation on 20-hour moving average) have narrowed (popularly known as squeeze), indicating low volatility. An extended period of low volatility is often followed by a big move (high volatility). The RSI is biased to the bulls (above 50.00), having built a base around 45.00 over the last two days. Also, Chaikin Money Flow is positive. So, Bollinger Band squeeze may end up with a bull breakout. Hourly chart Spot Rate: 1.3316 Daily High: 1.3324 Daily Low: 1.3294 Trend: Teasing a bull breakout Resistance R1: 1.3229 (previous day’s high) R2: 1.3385 (76.4% Fib R of Apr 2017 high – Sep 2017 low) R3: 1.34 (psychological level) Support S1: 1.33 (round figure) S2: 1.3260 (weekly low + 200-hour moving average) S3: 1.3120 (4H 100-candle moving average) FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Japan’s Suga: Japan and US in talks about sanctions on Iran – Reuters FX Street 4 years USD/CAD hourly chart shows Bollinger Bands (+2/-2 standard deviation on 20-hour moving average) have narrowed (popularly known as squeeze), indicating low volatility. An extended period of low volatility is often followed by a big move (high volatility). The RSI is biased to the bulls (above 50.00), having built a base around 45.00 over the last two days. Also, Chaikin Money Flow is positive. So, Bollinger Band squeeze may end up with a bull breakout. Hourly chart Spot Rate: 1.3316 Daily High: 1.3324 Daily Low: 1.3294 Trend: Teasing a bull breakout Resistance R1: 1.3229 (previous day's high) R2: 1.3385 (76.4% Fib… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
