FX.co ★ USD/CAD

Pair USD/CAD. The Vertex 26 indicator on September 26 during the European trading session signaled that the currency pair was overbought, leading to an active decline in quotes. The signal from the indicator has not been confirmed yet. The 200 and 50 period moving averages show a stable uptrend. Sellers managed to form a 1-2-3 pattern, indicating their intention to move quotes downwards. Additionally, sellers were able to confirm the 1-2-3 pattern by breaking through the level of 1.39026, which

shows their strength. In this situation, I will wait for the price to decrease to the weekly pivot at 1.38899 and will open a sell position upon its breakout.