USDCAD ANALYSIS Short

USD/CADOANDA

Description

⋅ Oct 18, 2021 8:17 AM

USDCAD trading in a downtrend line
price below a key level around 1.2430
price also below SMA 100
MACD shows the weakness of bullish momentum
so it expects the bearish movement to support level around 1.225

Comments

jojofang0901

⋅ Oct 19, 2021 2:18 AM

I also see the bearish downside potential :) thx

JustTradeSignals

⋅ Oct 18, 2021 4:45 PM

We are hoping for the opposite scenario and hoping to take a ride to the upside.

MMBTtrader

⋅ Oct 18, 2021 12:16 PM

valid resistance here