Get started
AlexxChan

USDCAD bull run finally over?!

U.S. Dollar / Canadian Dollar (FX:USDCAD)  
AlexxChan Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD Trend Lines break Fibonacci alexchan major pips signals
9
7
usdcad trendline break fibonacci alexchan major pips signals
With USDCAD breaking a daily trendline developed since May 2015 on the daily timeframe, the pair might be finally heading back down. With prices currently under the 100 MA and below the trendline, i would personally stay away from the pair until it goes back up past 1.36563, or until it breaks 1.34439 to head for lower lows.
Comment:
USDCAD with some bearish movement
snapshot
Comment:
USDCAD broke 1.344 on a 4hr time frame. Going to wait to see what it does next.
Sentiment: Bearish
snapshot
Comment:
Sorry wrong chart. Here's the right one
snapshot
Comment:
My bearish suspicion is confirmed. I believe USDCAD is going to head down lower
snapshot

Related Ideas

AlexxChan
USDCAD heading down lower?
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.