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EliteTradingSignals

USD/CAD BEARISH BIAS RIGHT NOW| SHORT

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Dolar A.S. / Dolar Kanada (FX:USDCAD)  
EliteTradingSignals  
FX:USDCAD   Dolar A.S. / Dolar Kanada
Trend Analysis Chart Patterns Wave Analysis USDCAD short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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Hello,Friends!

USD/CAD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 4H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.316 area.

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Penafian

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