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alexkyp

USDCAD potential SELL

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
alexkyp  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns
6
0
trendanalysis chartpattern
- According to my analysis we can see the pair forming the D point for the Eliot wave
-Combined with the potential downward trend for the DXY us it failed to break through 96.40 are and if forming a potential Bearish divergence.
-Then the WTI (oil prices) follows a strong upward trend breaking trading above the 31&50&200 EMA
- Good entry point for a sell could be the 1.3330 area
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