Get started
CinnamonErreDe

USDCAD to resume its downtrend?

Short
U.S. Dollar / Canadian Dollar (FOREXCOM:USDCAD)  
CinnamonErreDe  
FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
Support and Resistance Trend Lines Multiple Time Frame Analysis USDCAD
1
0
supportandresistance trendline mtfa usdcad
There is some weakness from resistance line and trend line, which may indicate USDCAD will resume the downtrend. If this is so, this might be a good entry for a short, with possibly a +150 pips move. Will watch and wait for confirmation.

USDCAD
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.