USDCAD: Top-Down Analysis & Bearish Setup 🇺🇸🇨🇦

Short

U.S. Dollar / Canadian Dollar (OANDA:USDCAD)

Updated

OANDA:USDCAD U.S. Dollar / Canadian Dollar

Trend Lines Multiple Time Frame Analysis Double Top or Bottom forecast USDCAD DJ FXCM Index USD dollar canadiandollar trading Technical Analysis

trendline mtfa doubletoporbottom forecast usdcad usdollar usd dollar canadiandollar trading technicalanalysis

snapshot

Hey traders,

USDCAD is approaching a major falling trend line on a weekly time frame.
After the market opening, the price formed a double top formation on hourly time frame.
Then its neckline was broken.

I believe that soon the price may drop lower.

Intraday goals:
1.268
1.2645

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Comment:

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MarketBreakdown | WTI OIL, GBPUSD, USDJPY, SILVER

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