HELLO TRADERS
Before we talk about USDCAD lets take a look at cad index CXY, cad index has been on a downtrend for a very long time and recently pushed higher to retest a higher downtrending channel and we expect to see a drop to the downside and the weakness of CXY indicates strength in USDCAD
Now back to USDCAD
USDCAD has been on an uptrend for a very long time and made a significant drop to the downside
after this huge correction we expect a continuation to the upside
IF YOU LIKE THE IDEA SUPPORT IT WITH LIKES AND DROP YOUR THOUGHTS IN THE COMENT SECTION
Before we talk about USDCAD lets take a look at cad index CXY, cad index has been on a downtrend for a very long time and recently pushed higher to retest a higher downtrending channel and we expect to see a drop to the downside and the weakness of CXY indicates strength in USDCAD
Now back to USDCAD
USDCAD has been on an uptrend for a very long time and made a significant drop to the downside
after this huge correction we expect a continuation to the upside
IF YOU LIKE THE IDEA SUPPORT IT WITH LIKES AND DROP YOUR THOUGHTS IN THE COMENT SECTION
Comment:
In LTF ( 1 hour) a formation of a channel is happening lets wait for breakout to the upside as confirmation