FX:USDCAD   U.S. Dollar / Canadian Dollar
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MONTHLY: price has been unable to breach the key area of resistance at 1.3400, the last time price closed above this area was over a year ago. Last month a shooting star was formed signalling a bearish bias.

WEEKLY: We have a clearer picture of the lower highs being formed since the beginning of 2016. A potential 3 pin pattern being formed suggesting that price may be on its way downwards.

DAILY: Price has consolidating for the last two weeks, however price has rejected 3 times off the 61.8 level on the fibonacci retracement . Fridays candle closed as a doji signalling indecision between buyers and sellers.

4HR: MA's crossed to the downside as well as an evening star being formed, signalling strong bearish bias.

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