Is the massive bull run ever going to stop as USDCAD is at a 5 year high? 3 rejections after attempts to create new highs on the 1 HR chart. RSI is losing strength as the price soars above the 200 SMA. Will USD maintain this bull train or is there going to be a change of season after the holidays? SELL! SELL! SELL!
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It appears we have hit a brick wall for the buyers, as the sellers take over with both 1hr and 15min charts showing a double top at a key blockchain price.
After analyzing the past couple hours I notice the bearish flag to continue the market trend with a bear breakout. 21 & 50 are consolidating into the 200 SMA looking to cross. A recent RSI divergence shows a weakening of the flag solidifying the bearish breakout. OANDA:USDCAD
