Carl_G
Short

USDCAD DAILY FORECAST

FX:USDCAD   U.S. Dollar/Canadian Dollar
71 0 4
On the DAILY chart, price is being contained within the MIDAS R1 greed and fear curve as well as the T-Line. Going down the the 4 HOUR time frame there is a clear break to the downside in form of a bearish engulfing signal + a close BELOW the T-Line taking out the previous demand and closing below the 50 day MA, indicating that the bears have stepped in. Price will now head down towards recent lows.
MIDAS Trading Tools for MT4 is available to download at https://www.mql5.com/en/market/product/17546#
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