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financialflagship

USD/CAD - Week 51 - Expecting a deeper pullback

Long
U.S. Dollar / Canadian Dollar (FX_IDC:USDCAD)  
financialflagship Updated   
FX_IDC:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Wave Analysis
4
0
trendanalysis chartpattern waveanalysis
The looney is continuing its March Downtrend. Weekly sentiment is bearish, but we are getting closer and closer to begin a daily consolidation, as we expect a counter trend move in order to complete a deeper pullback. We will wait and see what happens when the price will break out of the bearish channel. Until then try and focus on another pair. Patience is a virtue!

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Financial Flagship

Disclaimer: The analysis provided is just informal and it should not be used as financial advice. You need a plan before you trade, but we assume this can help you have a better idea to where the market is heading next.
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