Possible Upside on the USDCAD

26 févr. 2019

USDCAD
USDCAD has been respecting a channel on the daily timeframe from last year, as of now I am antincipating a bounce on the channel on the daily time frame but will wait for confirmation on the lower timeframes like the 4 hour where I'll wait for bounce on the smaller channel formed and also a bounce on minor support signaled by significant bullish pin bar, double bottom pattern or a engulfing candlestick on the highlighted key level

fundamentally hopefully the United States reaches an agreement with china which will support the bullish run

Technically the doller index seems to be forming a double bottom close to resistence although its not a strong signal being on a resistence but it supports the possibility of a bullish run

hopefully in the nextcoming days there will be possible entry