Hello Traders,
The USDCAD is pushing to the upside correctively for 45 days, forming a rising wedge.
This reversal pattern is telling us that correction will be soon over and the down trend will continue.
Best luck.
Omar NAMOUCHI
The USDCAD is pushing to the upside correctively for 45 days, forming a rising wedge.
This reversal pattern is telling us that correction will be soon over and the down trend will continue.
Best luck.
Omar NAMOUCHI
Kommentar:
Finally we got the break down after a strong rally,
Right now the CAD is very weak against the $ and it's at the top.
Right now the CAD is very weak against the $ and it's at the top.
Kommentar:
On 30 min TF the USDCAD is going through a flat corrective pattern ( ABC )
I'm expecting that the bearish momuntum will continu.
I'm expecting that the bearish momuntum will continu.
today we sow a strong data one the US economy, so we will see new byers to came for the $,
The biger idea is not changed, USDCAD will correcte at some point.
Below you see on DXY the impulsive rise on $