Скачать или смотреть USD/CAD Breakdown or Setup? Why This Could Be a Falling Wedge

Is USD/CAD setting up for a bounce - or is it just grinding lower?

In this segment, Arvi analyzes the recent breakdown in the USD/CAD using daily cycle timing and pattern recognition. While the price action has been choppy and noisy, the structure now resembles a potential falling wedge — a setup that often precedes sharp countertrend moves.

What’s covered:

Intermediate-term low due: 6/9 to 7/28

Short-term low due: 5/1 to 5/14

Support levels: 1.3713 (78.6% Fib) and 1.3419 (previous low)

Current price action showing signs of a falling wedge, defined by:

Lower highs and only incrementally lower lows

Lack of follow-through, suggesting shorts are not getting paid

Arvi explains how falling wedges can represent a buildup of trapped positioning, and why that often leads to an upside release once selling pressure fails. This is a great example of how to combine price structure, timing, and trader psychology in real time.

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About Steve "Slim" Miller
With 50 years of market experience, Slim is a cycle analyst, mentor, and trading educator. Slim is also a past member of the CBOE, CBOT and Chicago Mercantile Exchange.

Evolved from the work of JM Hurst's book, "Profit Magic of Stock Transaction Timing", he applies his unique style of technical analysis to 400+ stocks, futures, and ETFs, helping traders find their edge.

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This video features stock market analysis specifically covering USD/CAD analysis. The USD/CAD projections in this video were developed using askSlim's preferred style of technical analysis - called cycle analysis.