Get started
JHtrading

USD/CAD - Breakout impending - Many confluences for shorts

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
JHtrading  
FX:USDCAD   U.S. Dollar / Canadian Dollar
2
0
Looking for a break of the inner TL here, first target laying at the -0.27 extension, confluent with the added ranges of the recent double top formation. This currency pair is also positively correlated with the Dollar index, which is also showing signs of weakness. It also has a inverse correlation with Crude oil which is showing some signs of strength.

Related Ideas

JHtrading
CRUDE OIL - sights on $70 a barrel
JHtrading
DXY - Bearish continuation in the dollar index
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.