USDCAD - Short term bullish momentum weakens
After recent correction within the daily Kumo, small bullish momentum seems to losing steam. Price slowly coming below the Cloud. Slow Stoch gives a bearish signal.
It may be time to go short again, real sell signal will come in with price breaking below 1,10 on 4 Hrs time frame.
With firm sell signal the first target for short will be 1,0860.
Heiken Ashi signal is mixed a bit, but rather bearish as well.
p.s.: EUR holds well, but maybe EURCAD will not be able to break decisively above 1,5300. Watch the two pairs together to get more feeling of CAD px action. (please see link below for EURCAD)
It may be time to go short again, real sell signal will come in with price breaking below 1,10 on 4 Hrs time frame.
With firm sell signal the first target for short will be 1,0860.
Heiken Ashi signal is mixed a bit, but rather bearish as well.
p.s.: EUR holds well, but maybe EURCAD will not be able to break decisively above 1,5300. Watch the two pairs together to get more feeling of CAD px action. (please see link below for EURCAD)
