On the weekly timeframe, USDCAD is currently in a significant bearish trend, which has brought the pair down to the price position of 1.34491. Currently, the pair is slightly below the kumo cloud, with the stochastic chart below the 30 level, signaling a potential oversold saturation and a possible trend reversal. If the trend turns bullish and the pair manages to break the kumo, then a go-long option could be considered. However, if the bearish pressure remains strong, USDCAD may continue to weaken. Before making a trading decision, it is important to consider other indicators and a more thorough analysis to ensure a clearer direction of movement. Read more our Technical analysis : https://bit.ly/3C1NoAY #FPG #Fortuneprimeglobal #forexlifestyle #intraday #money #cryptocurrency #finance #forexsignals #daytrading #wallstreet #forextrader #investing #forexanalysis #forextrading #stocks #business #daytrader #crypto #forexeducation #trader #tradingview