Hello and welcome to my Trade Idea of the currency pair USD/CAD.
Lets start with the Top Down Analysis.
Monthly: We see here nice up and down waves. The trend is bearish because of the L.H's and L.L's.
Weekly: Weekly is bearish too.
Daily: The daily timeframe shows a upside pullback. After the first pullback and fall after that the price bounce from the h4 support to the upside again.
H4: Here we draw the counter trendline. We wait for more confirmations before we think that the price will fall to the h4 support.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: We see here nice up and down waves. The trend is bearish because of the L.H's and L.L's.
Weekly: Weekly is bearish too.
Daily: The daily timeframe shows a upside pullback. After the first pullback and fall after that the price bounce from the h4 support to the upside again.
H4: Here we draw the counter trendline. We wait for more confirmations before we think that the price will fall to the h4 support.
Have a nice day.