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USDCAD Analysis October 25, 2020

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
On the monthly timeframe we are heading downward with the moving averages just crossing. On the weekly timeframe we are consolidating a bit but still below the moving averages and overall bearish . On the H4 timeframe is where I see structure the clearest in the sense that we are forming LH’s and LL’s. Although we re about to pullback, as long as we maintain below 38.2% we can continue to push suing our fib and market structure.

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