IamNomad

Canadian Dollar is weak, like its people

FX:USDCAD   U.S. Dollar / Canadian Dollar
58 views
0
58 1
kidding aside.. CAD in trouble it looks like. Oil numbers have not been great to my neighbor in the north. Friend asked me to have a look sooo

as for the chart there are a lot of not good thing going on here.. three drive pattern, into a double top + a trendline break AND bad oil numbers. man

the double top minimum target, taken in its own context ,without the trendline break is 1.305, which lines up with an order block.
however a long standing trend line broke its very very possible that 1.295 -1/297 is visited in the near term.


If USD get some bad impactful news and gets sold off. ide think max target might be 1.318

the low of august is possible to revist due to this break if you trade that far into the future
targets hit on both sides. i think the fed speach today juked the US market across the board.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out