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USDCAD – Is it a Bearish Wedge? Forex News 

USDCAD – Is it a Bearish Wedge?



USDCAD – Is it a Bearish Wedge?

USDCAD – Is it a Bearish Wedge?

recent updates have stated that “USDCAD upside acceleration is feasible (consolidation could destroy both way), specially thinking about the response from 1.2830s. movements off of this rate produced 2 trending movements in 2015.” A fine bias is warranted at the same time as above 1.2834 but be conscious that trade because the can also low could compose a wedge that gives way to the following down leg within a bearish cycle from the January high.

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2 thoughts on “USDCAD – Is it a Bearish Wedge?

  1. […] The indicator I have been referring to is the 200-day moving average. The 200-day moving average is the dividing line between stocks trading in a bull market versus stocks trading in a bear market. When a share price is above the moving average, it is bullish; when a share price is below the moving average, it is bearish. […]

  2. […] level) opened the way towards the 1.3180 level where significant bearish pressure was originated. Bearish persistence below 1.3000-1.2970 (61.8% Fibonacci level) was needed to enhance bearish momentum in the market. […]

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