AlexxChan

USDCAD bull run finally over?!

FX:USDCAD   U.S. Dollar / Canadian Dollar
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
Comment: USDCAD broke 1.344 on a 4hr time frame. Going to wait to see what it does next.
Sentiment: Bearish
Comment: Sorry wrong chart. Here's the right one
Comment: My bearish suspicion is confirmed. I believe USDCAD is going to head down lower
I'm neutral at the moment for USDCAD. At this point I'm at the sidelines after the TP on my short was hit. We have plotted the same zones in the USDCAD and we will see if it holds. Oil plays a big part on this, but oil fundamentals are really weak wherever I look at it, even technicals
+1 Reply
TraderTroopa TraderTroopa
I'm expecting this to range at least
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AlexxChan TraderTroopa
Im netural too... dont know why it's not saying that on Tradingview
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Ahh yes, oil plays a huge part in this for sure. But just wanted people to keep an eye out on this.
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On my chart this actually is touching the lower trend line perfectly. I'll be looking for a long once it find a bottom
+1 Reply
AlexxChan CFDTradingo
I'll be keeping a close watch on USDCAD for sure, I'm personally staying flat till it finds a proper direction
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its all depends on those oil rumors
+1 Reply
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