Monthly: bearish
Weekly: bearish
Daily: bearish
4hr: bullish
1hr: bearish
USDCAD has recently broken the 200SMA on the 4HR TF.
Price will need to continue to be above this support in order to foster a new bull run
It is likely that price may instead dip below as the higher timeframes consolidate
Day-trade bias: bearish
For bears:
1. price below 200SMA on lower timeframes (1m, 5m, 15m)
For bulls:
1. price above daily 200SMA
2. price above weekly 200SMA
3. price above monthly 200SMA
Weekly: bearish
Daily: bearish
4hr: bullish
1hr: bearish
USDCAD has recently broken the 200SMA on the 4HR TF.
Price will need to continue to be above this support in order to foster a new bull run
It is likely that price may instead dip below as the higher timeframes consolidate
Day-trade bias: bearish
For bears:
1. price below 200SMA on lower timeframes (1m, 5m, 15m)
For bulls:
1. price above daily 200SMA
2. price above weekly 200SMA
3. price above monthly 200SMA