USD/CAD - long term forecast - strong sell
USD/CAD is currently strong overbought and showing bearish signals on daily chart. I expect at 1.365 - 1.37 strong resistance which should not break. If this resistance break the price will go up to 1.378-1.38 which is another strong resistance area, there could be formed a double top which is strong bearish signal.
Targets and position turnarounds are drawn in the chart.
Targets and position turnarounds are drawn in the chart.
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long term target 1 reached - lets see in the next days if the long term trend line will hold
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
