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RamziAbouAbdallah-CMT

USD/CAD Analysis

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
RamziAbouAbdallah-CMT  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Support and Resistance Fibonacci Trend Lines USDCAD loonie canadiandollar profit Forex forexsignals Technical Analysis signals
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supportandresistance fibonacci trendline usdcad loonie canadiandollar profit forex forexsignals technicalanalysis signals
Hello everyone,
A quick analysis into the Loonie supporting the bearish picture:
1- The pair broke below the 50 SMA.
2- The pair broke the higher highs higher lows pattern.
3- The pair broke the ascending trend line.
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Next target is the 38.2% at 1.3150.
Good luck
Ramzi Abou Abdallah, CFTe, CMT

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