ForexKei-Official

USDCAD continuously bearish from last week by Ichimoku

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
Comment

USDCAD Daily timeframe shows it's continuously downtrending as per below Ichimoku confirmations.

Ichimoku Trend Analysis (Daily)
- Kumo (Senko span A and B) down
- Kijun sen down
- Tenkan sen down
- Chiko Span below candles

Next Scenario
Market can continuously be downtrending as long as market is below Tenkan sen while Kumo and Kijun sen are down until it reaches the previous support at 1.2060 level from 8 Sept 2017.

Forex Kei
Official Website: forex-kei.com
Global Trading School: forex-kei.com/?page_id=2855
KTS Academy: keistradingstrategy.com
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.