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W1 price is located to be between R2 Pivot at 1.2566 and R3 Pivot at 1.3352 with Central Pivot at 1.1392:
- the price is on bullish for ranging between R2 Pivot at 1.2566 and R3 Pivot at 1.3352;
- price is on overbought condition ranging between 1.2834/1.3102 for possible correction in the near future;
- if weekly price will break R3 Pivot at 1.3352
so the primary bullish market condition will be continuing up to the new top, otherwise the price will
be ranging within the levels.
| Instrument | S1 Pivot | Yearly PP | R1 Pivot | R2 Pivot | R3 Pivot |
|---|---|---|---|---|---|
| USD/CAD | 1.0999 |
1.1392 |
1.2175 |
1.2566 | 1.3352 |
Trend:
- W1 - bullish
