Sforex
Short

Loonie: Many bearish signals than bullish signals.

FX:USDCAD   U.S. Dollar/Canadian Dollar
157 1 5
Loonie continues to outperform vs USDollar             despite of Oil             decline recent days.

I see many bearish signals than bullish signals.

- Firstly, Resistance show clearly at 1.400 level I show on the chart.

- Secondly, USDCAD             seems want to move below Kumo cloud.

- Thirdly, SMA50 : U/C also breaks it.

SMA50 + Kumo cloud+!.400 level sharps a strong resistance which weight USDCAD             .

I think USDCAD             would quickly test 1.3640 this week.
ChatchaiVong
a year ago
thank so much
Reply
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