Get started
UnknownUnicorn15614419

USDCAD: movement along the resistance before the collapse

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
UnknownUnicorn15614419  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis USDCAD short sellsignals Forex
6
5
trendanalysis usdcad short sellsignals forex
Since June 2020, the price has been falling in a downtrend almost without breaking through its main trend lines. After each touch of the resistance line (June 2020), the price starts a small downtrend to support. Now the price is at the resistance level 1.259, which it reached at the end of March. We can expect a fall in the price to support 1.238.

Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments
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.