Hello fellow traders! Today, I'd like to share my insights on the USDCAD pair using one of my favorite tools on TradingView: the Adaptive Trend Finder (log). This tool is exceptional for identifying both short-term and long-term trends with great accuracy, employing the powerful method of Pearson correlation.
In the chart, you'll notice the Adaptive Trend Finder (log) located towards the bottom middle (in gray), indicating the strength of the trend for the long-term channel, and on the right (in yellow), representing the short-term channel.
I invite you to take a moment to analyze and interpret the signals you observe here. Feel free to share your thoughts and insights in the comments below. Let's engage in a productive discussion and learn from each other's perspectives!
Happy trading, and may the markets be in your favor!
In the chart, you'll notice the Adaptive Trend Finder (log) located towards the bottom middle (in gray), indicating the strength of the trend for the long-term channel, and on the right (in yellow), representing the short-term channel.
I invite you to take a moment to analyze and interpret the signals you observe here. Feel free to share your thoughts and insights in the comments below. Let's engage in a productive discussion and learn from each other's perspectives!
Happy trading, and may the markets be in your favor!