Get started
Bullandbeartrading

USD/CAD Trade Idea

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Bullandbeartrading  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators USDCAD LONG Forex swingtrade topdownanaylisis
84
2
trendanalysis chartpattern indicator usdcad long forex swingtrade topdownanaylisis
Hello and welcome to my Trade Idea of the currency pair USD/CAD.

Lets start with the Top Down Analysis.


Monthly: The monthly candles move sideways. We see bullish candles but also big bearish candles.

Weekly: We see a pennant pattern in the weekly timeframe. Our prediction is that the market reacts nice to the trendline.


Have a nice day.
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.