Yesterday, on the H1 chart, the USD/CAD pair tested the resistance level at 1.3740 and formed a reversal pattern, indicating the beginning of a sell-off. This reversal pattern suggests that the market sentiment is shifting from bullish to bearish,...
It seems like you're interested in discussing the USD/CAD forex pair. Here's a brief analysis based on the information you provided: The USD/CAD pair is currently trading at 1.3684, and you've noted that the current trend is on the bearish side....
The USD/CAD currency pair, currently trading around 1.3684, has shown a bearish trend recently. This downtrend indicates that the value of the US dollar (USD) has been weakening against the Canadian dollar (CAD). Several factors could be...
The Dark Cloud Cover is a two-candlestick pattern that appears at the end of an uptrend, indicating a potential reversal to the downside. It consists of a bullish candlestick followed by a bearish candlestick that opens above the high of the...
USD/CAD currency pair analysis: The USD/CAD currency pair is experiencing a downward trend. Early last week, a very long pin bar formed on the chart, which often signals potential reversals or significant levels of support and resistance. Throughout...