USDCAD forming Pennant, consolidating between trend lines.
Practicing my trend line analysis;
First Quarter projections:
This pair has the properties of forming a consolidation and tighter range in the next few months.
I predict Oil price will be the prominent and determining factor and be the catalyst for a breakout in either direction. Fundamentals suggest higher oil prices, which would track with my analysis pushing this pair into a bearish trend continuation.
Thoughts?
First Quarter projections:
This pair has the properties of forming a consolidation and tighter range in the next few months.
I predict Oil price will be the prominent and determining factor and be the catalyst for a breakout in either direction. Fundamentals suggest higher oil prices, which would track with my analysis pushing this pair into a bearish trend continuation.
Thoughts?
Transaction en cours
Long term Bearish Bias in play. Lower trend line was broken this week.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.