Multi face Analysis of UsdCad ~ forex trading app reviews
From mid-march, when the expected bearish reversal took a real turn and move down for more than 600pips, till the recent bullish move; price might have started a real bearish movement.
The long term bullish flat correction which started in 2007 is expected to have ended. The first impulsive wave downside followed by a prospective zigzag corrective wave 2.
Price is expected to start a new impulsive journey to the downside which is expected to take 1.1920 ( the first wave low) and to 1.1250.
Candlestick analysis on the daily chart also support the bearish resumption.
A double pin bar formation at a critical resistive zone and a negative (hidden) divergence could push price downward in what could be a very fast move expecially if 1.2355 gives way in a breakout way.
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