Get started
sesanjoel

USD-CAD CHART ANALYSIS (SELL SETUP)

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
sesanjoel  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators Forex forexsignals forextrading forexanalysis forex_signals forexforecast forextradingzones forexalerts
1
0
trendanalysis chartpattern indicator forex forexsignals forextrading forexanalysis forex_signals forexforecast forextradingzones forexalerts
USD-CAD presents itself with a potential bearish movement that would probably see a decline of 200+ Pips to our long term support level at 1.29300.

We've seen a First breakout from the trendline within the channel going down 200+ Pips followed by a reversal and price retest on our trend line. I believe we're about to see a similar bearing move.

Trade Safe!

Share your opinions in the chat section below!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.