7pasos

USDCAD the most notorius reversal today

FX:USDCAD   U.S. Dollar/Canadian Dollar
423 3 4
For the major pairs the bullish engulfing in here is the most significant of all. The conjunction with the 50% retracement and bounce of the original long term channel makes even more appealing to keep pushing to new high.
Show no recent divergence that's a plus factor for this pair.
Daily Technical Analysis
I kind of saw that this was going to happen with the bad numbers for Canada and the current position of US Stocks, The Dollar index, and the price action with gold. I think we are in a correction for the USD where it will be rising up against all currencies, while the stock market takes a dip.
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its not reversal, its continuation, but whatever.
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7pasos PRO Ozayevable
The patten is knowed as reversal because revert the last movement direction, to as you might say continue with the trend, thanks for posting!
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