FX:USDCAD   U.S. Dollar / Canadian Dollar
1229 3 50
I think the time had come for the Canadian Dollar             .
The USDCAD             pair had entered into a bear market at the beginning of 2016. The decline was so powerful that we sliced through the 200 SMA in March without looking back. Today we are tagging the 200 SMA again. As I'm quite sure that the dollar will start a serious decline in the following days it will give the possibility to USDCAD             to break down the bear flag .
Notice the divergence in RSI .
Comment: It seems we are really reversing from the 200 SMA...
More than 100 pips profit.
Amazing chart. I am going to wait for tomorrow's price action to decide direction. Oil is reaching strong resistance,too.
Reply
Looks more like 250 SMA
Reply
Agreed. Been waiting to short this for a couple of weeks.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out