alexkyp

USDCAD potential SELL

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
- According to my analysis we can see the pair forming the D point for the Eliot wave
-Combined with the potential downward trend for the DXY us it failed to break through 96. 40 are and if forming a potential Bearish divergence.
-Then the WTI ( oil prices) follows a strong upward trend breaking trading above the 31&50&200 EMA
- Good entry point for a sell could be the 1.3330 area