Loonie Tuning Out

Hello Dynamic Traders!

The USDCAD monthly chart reveals that this pair's long term downtrend was compellingly betrayed in October.

Below is the weekly chart for the same.
Observe how last week's soaring candlestick has been followed by an indecisive spinning top.
In addition, the "pop and drop" suggests the figure 1.2 is now on trial.
It is also worth noting the proximity of the value index to the price on the monthly chart.
Could we now be approaching a period of consolidation?

Other studies will supply you with an abundance of clues!
Your recent mentoring together with sound weekend analysis may furnish you with a good "swing" trade next week!

Being a Friday with expected US news, is due warning to settle your positions with care.

USDCAD weekly chart Advanced Get

Have fun with your weekend study!

Saba Jackson