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DeGRAM
May 19, 2023 9:17 AM

DeGRAM | USDCAD channel breakout Short

U.S. Dollar/Canadian DollarFXCM

Description

USDCAD is making higher lows and lower highs, which is a triangle formation.

The market is in a bearish trend on the daily chart, and it's at a significant resistance level.

We expect the downtrend to continue since the trend is bearish.


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Comments
DeGRAM
Good luck in the markets and have a great one!
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