Forex analysis: USDCAD

We look again at the USDCAD Daily-Chart. I have already shown in the last blog article that the USDCAD price has touched the trendline. I have pointed out here that the course may show a signal for a reversal. This is exactly what happened.
Look at the penultimate daily candle. The course has opened on the trend line and has increased by 100 points within one day. This was a clear signal to me that many buyers came into the market here. We have several factors in the Forex analysis that speak for an upward movement. The psychological level, the generally valid uptrend, and the signal generated yesterday. Now there was today a rescuer and thus the chance to come into the market at a low price. After the weekend I will probably open a long trade.