Get started
CarlosBMN

(4h) USDCAD about to resume the Downward Impulse

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
CarlosBMN  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Fundamental Analysis Elliott Wave USDCAD wave short fibonnaci analysis
1
0
fundamental elliottwaves usdcad wave short fibonnaci analysis
The following days and weeks will be presented with relatively good news for Canada's economy as the forecast for the next economic indicators looks favorable for a strong Canadian dollar push towards parity with the US dollar.

This information will be the backbone to justify the end of the current's pair upward correction, initiating a new bearish impulse. It's advisable to place a sell trade around 1.30000 price level.
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.