Carl_G
Short

USDCAD DAILY FORECAST

FX:USDCAD   U.S. Dollar/Canadian Dollar
72 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.
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