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matt_forex

Hourly Divergence (short)

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
matt_forex  
FX:USDCAD   U.S. Dollar / Canadian Dollar
short Oil Relative Strength Index (RSI) support priceaction Divergence
0
2
short oil relativestrengthindex support priceaction divergence
The divergence is indicating a move lower. Price action is having trouble making new highs.

Having a look at the WTI futures chart also reveals that oil looks to be bouncing. USDCAD tends to have a negative correlation with oil.

Stop is placed at 1.12640
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