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John_Mwaniki

USDCAD Analysis: Price bounced from a falling trendline

Short
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
John_Mwaniki  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators USDCAD usdcadshort usdcadanalysis usdcadsetup usdcadsignal trendlinebounce Ascending Channel channelbreak
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trendanalysis chartpattern indicator usdcad usdcadshort usdcadanalysis usdcadsetup usdcadsignal trendlinebounce ascendingchannel channelbreak
USDCAD has been following the falling channel since june.
Price bounced off from the trendline and then made a breakout from an ascending channel indicating high chances of heading down.
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