FX forecast /USD/CAD/ Our expectations:
Downward trend and correction to resistance levels
Price below diagonal resistance
Fibonacci: Correction to 23.6%
50/200MA: 50 below 200 - negative trend
Price action: Pin bar at 4h. graph - negative signal
DeM: rotate over 0.7 - probably decrease
CCI: below 0 - negative territory
SL: 1.2555
Alternative Scenario: If the price passes over diagonal resistance, a breakthrough is possible and a new bullish impulse
Trader I. Ivanov
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