When we look at the past of the chart, we had a big head & Shoulders in the monthly and weekly time frames.
This pattern is broken and now the price is pulling back on the neckline and we have a strong selling pressure We are also on upward channel, which is in lower daily and weekly time frames
After a bullish rally in daily time frames, it looks like the Canadian dollar will be stronger than the dollar, and we can expect a fall to the bottom of the channel, lets see and which one will be winner!
If you would like Update of Any Charts? You Know what to Do 😉💲⏰
*Disclaimer: This is not Signal and you should do your own analysis
thanks Armin,Do you thinking that line is breaking??🧐
ArminAcademy
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@farhadfb500, Ur-welcome, which line you are talking? Blue or Black?>🤔
mplaats-trading
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CAD Banks are under heavy pressure, and with that the CAD itself also. So sell and enjoy the ride.
ArminAcademy
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@mplaats-trading, If CAD is under pressure which means is getting weak, right?
mplaats-trading
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@ArminAcademy, Yes. Same for this pair trend for the time being. To be exact around 1.2400, should touch again. Also not forget on the weekly i still see an uptrend although its flat.
ArminAcademy
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@mplaats-trading, oK,Thanks / Let see what is going to happen, I see more sellers now! 😉📉