TradingView
chartwatchers
Nov 4, 2016 3:42 PM

USDCAD - In CAD we trust Short

U.S. Dollar/Canadian DollarFXCM

Description

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
Comments
NihalCassim
Already short. Very tempted to add.
cjwaves
good for oil rally
More