I know what you're thinking....."WHY DO YOU SAY USD IS GETTING STRONGER BUT YOU PREDICT A DOWN MOVE ON USDCAD?"...........I can only analyze what each market shows me....RSI and MACD agree with me.......this pattern should break down...probably will retest the bottom of the larger triangular pattern......lets see
CATCH THE WAVE.....AND RIDE IT!!!
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Ok...adjusted some patterns.....look for another move down then the break up or a short down move and explosion up out of the pattern....lets see..
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Ok..price bounced and went down...now at another bounce point...
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yteklai91
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With MACD increasing and rsi showing strong support (yellow line) it hard to see how they agree with a short view. There is an upward momentum on the channel too.
bgj101
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@yteklai91, as I said....all I can do is my normal analysis.....we will see as time unfolds.....thanks for your comment...