InvestingScope
Short

USDCAD: Long term Sell Opportunity.

FX_IDC:USDCAD   U.S. Dollar / Canadian Dollar
The pair is on a 1W pull back ( RSI = 59.803, MACD = 0.022, ADX = 45.865) following its rejection near the 1.4700 Symmetrical Resistance. The pattern is similar to that of early 2016 when after a rejection on the 1W Symmetrical Resistance, the price was sold-off aggressively and found a bottom on the 1.24700 Symmetrical Support. We are expecting a similar development.




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Comments

it will be interesting to see the development
Reply
Very nice, you just confirmed my analysis, I am shorting as well, but I had projected around 1.34
+1 Reply
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