FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD
The MACD on the 4H indicates USDCAD is starting to lose bullish momentum but the Daily shows it is losing bearish momentum.

Sto RSI is between 80 and 20 on the 4H but trying to cross into a bullish reversal below 20 on the Daily.

Since it has rejected the bottom of the zone I marked for the last four days while below the first deviation band of the pitchfork, USDCAD is likely to turn bullish. My buy signal will be when it clears 1.25621 as it returns to the center line of the pitchfork. The other scenario is if it falls below the zone, in which case I will reassess if it rejects the bottom of the pitchfork and returns to center line or continues down to the bottom zone I marked.

*My friend challenged me to post one chart a day this year to build confidence and my skill set. I am still learning so I wouldn't trade off of any of these ideas. If you have any constructive criticism or advice I would be grateful to hear it.
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