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Bullandbeartrading

USD/CAD Trade Idea

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Bullandbeartrading  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Technical Indicators Chart Patterns USDCAD short Forex swingtrader
103
3
trendanalysis indicator chartpattern usdcad short forex swingtrader
Hello and welcome to my Trade Idea of the currency pair USD/CAD.

Let's start with the Top Down Analysis.


Monthly: Overall the chart move sideways. But because of the huge bearish candles in the past it's bearish. But because of the huge bearish candles in the past it's bearish.

Weekly: The weekly timeframe is bearish

Daily: We see a bearish trendline as well as the price touched a very strong level.


Have a nice day.
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