USDCAD - heading for 1.3109 range?
Improving bearish trend according to our proprietary technical scoring methodology over the last couple of days.
Lower highs confirming an overall bearish bias.
Bearish crossover on its 8-day simple moving average. First of such a signal in the last 7 days.
Bearish crossover on its 13-day simple moving average. First of such a signal in the last 25 days.
Bearish Heikin-Ashi trend change.
200-day simple moving average acting as major resistance.
Bearish MACD crossover
Time to exit: +/- 12 September 2019
Lower highs confirming an overall bearish bias.
Bearish crossover on its 8-day simple moving average. First of such a signal in the last 7 days.
Bearish crossover on its 13-day simple moving average. First of such a signal in the last 25 days.
Bearish Heikin-Ashi trend change.
200-day simple moving average acting as major resistance.
Bearish MACD crossover
Time to exit: +/- 12 September 2019
Trade closed: stop reached