Get started
IkanBilisCapital

USDCAD bears to charging to larger move price lower.

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
IkanBilisCapital  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators USDCAD usdcadshort usdcadforecast
0
1
trendanalysis chartpattern indicator usdcad usdcadshort usdcadforecast
The dollar cad has been trading extremely erratically this month. The end of the month will see huge volatility for the pair before a large dump to liquidate stop losses to the downside.

BEAR CASE
A mild retracement to the upside should happen next week and we should see October retest 1.23

BULL CASE
A fake out to the upside to liquidate overzealous shorts could happen, but the high formed in September 2021 near the 1.29 level should not be broken.
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.