chartwatchers
Short

USDCAD - In CAD we trust

FX:USDCAD   U.S. Dollar / Canadian Dollar
883 2 35
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
Already short. Very tempted to add.
Reply
good for oil rally
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