The USDCAD is moving in a Downward trend.
Currently, the USDCAD is in a downtrend and exhibiting a double-top pattern, suggesting a continuation of the downward trend. Given this scenario, we can seize the opportunity to capitalize on the trend by initiating a short position at the market price.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.