Get started
MujkanovicFX

Is USD/CAD a sell?

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
MujkanovicFX  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Technical Indicators Trend Analysis Chart Patterns USD CAD USDCAD Forex fx signals ideas LONG short
6
0
indicator trendanalysis chartpattern usd cad usdcad forex fx signals ideas long short
The USD/CAD pair is breaking below a daily support level on quite strong momentum, signaling further weakness in the price.

The RSI formed a slight bearish divergence and managed to break below its recent low.

Also, notice that the pair is in an overall downtrend, trading below the 61.8% Fib level where the recent swing low found support.

Please hit the "LIKE" button to support us. Thanks!

Related Ideas

MujkanovicFX
GBP/NZD buyers pushing price up
MujkanovicFX
EUR/USD bullish, targets 1.13 on third wave
MujkanovicFX
4 reasons to short USD/CHF right now
MujkanovicFX
Buyers pushing EUR/USD to 1.12?
MujkanovicFX
EUR/USD GIVES GREEN LIGHT TO BUY
MujkanovicFX
USD/JPY: Look at the 107.00 level
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.