The chart says it all. Tired upmove. Price forming an ending diagonal on the way up.
***surprised*** Comments on the chart
Comments on the chart. Conversely UsdCad will be going up as well
Looks like an incomplete correction. Price could be doing an EW 3 wave retracement with the channel as the second wave. If price takes out the topside of the channel the idea is wrong. The risk is therefore limited. Crude oil being up today will not help this cause.
Comments on the chart. Till the trend changes I believe the risk is to the downside. Any upside will be considered better entries for shorts. However a close above the dotted trendline is a game changer for me. It is a short but from where is the trader's question.
Comments on the chart The stock market and the $ counterparts are all on rollover watch. We might need some catalyst to kick things off but the inevitable is on its way
Comments on the chart. Why didnt I use UsdCad for this chart you might ask. It is because I trade usdcad using the canadian dollar futures. This pair closely mirrors the futures
Comments on the chart. Short after the break has happened