AlexxChan

USDCAD bull run finally over?!

FX:USDCAD   U.S. Dollar/Canadian Dollar
9 months ago
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.
9 months ago
Comment: USDCAD with some bearish movement
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9 months ago
Comment: USDCAD broke 1.344 on a 4hr time frame. Going to wait to see what it does next.
Sentiment: Bearish
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9 months ago
Comment: Sorry wrong chart. Here's the right one
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9 months ago
Comment: My bearish suspicion is confirmed. I believe USDCAD is going to head down lower
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Related Ideas

wwfm
9 months ago
its all depends on those oil rumors
+1 Reply
CFDTradingo PRO
9 months ago
On my chart this actually is touching the lower trend line perfectly. I'll be looking for a long once it find a bottom
CAD Short and then Long

+1 Reply
AlexxChan CFDTradingo
9 months ago
I'll be keeping a close watch on USDCAD for sure, I'm personally staying flat till it finds a proper direction
Reply
AlexxChan
9 months ago
Ahh yes, oil plays a huge part in this for sure. But just wanted people to keep an eye out on this.
Reply
TraderTroopa
9 months ago
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
USDCAD Long Possibility
+1 Reply
TraderTroopa TraderTroopa
9 months ago
I'm expecting this to range at least
Reply
AlexxChan TraderTroopa
9 months ago
Im netural too... dont know why it's not saying that on Tradingview
Reply
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