The Canadian Dollar is crawling on the 10 EMA for a while. Tagging again and again the upper trendline of the channel.
Today might be the day when finally we are turning down and heading to the lower trendline of the channel.
I still think the dollar hasn't finished it's decline yet, so the dollar weakening could support this idea.
Technically
1. We are having RSI divergence for a while.
2. MACD is turning down
3. TSI near to the sell zone
Today might be the day when finally we are turning down and heading to the lower trendline of the channel.
I still think the dollar hasn't finished it's decline yet, so the dollar weakening could support this idea.
Technically
1. We are having RSI divergence for a while.
2. MACD is turning down
3. TSI near to the sell zone