USDCAD: Channel Up negated. Bearish reversal started.

287
USDCAD is marginally bullish on its 1D technical outlook (RSI = 56.879, MACD = 0.003, ADX = 32.215) as it is still being supported by the 1D MA50, but since January 20th, it crossed under the 4 month Channel Up and today it retested it from below and is so far failing. This is an early signal that the medium term trend has shifted to bearish. We are short, targeting the 1D MA200 near the S2 level (TP = 1.39650).

See how our prior idea has worked out:

USDCAD: Excellent short term buy opportunity.


## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.