USD/CAD Descending channel?

Hello friends

By checking the chart in:

Monthly time frame:
- It seems that the price is in a monthly range area, between the support and resistance levels
By hitting the resistance zone, two strong bearish candles were formed
- Stoch RSI; Close to 50, on the downside (Metatrader close to 75)
- RSI; Above 50, and range
- MACD; Tendency to decrease

Weekly time frame:
- downward trend
The price closed with a strong bullish candle and broke the downtrend line
However, it has also broken the uptrend line in the past
(range area)
- Stoch RSI; Close to zero
- RSI; Less than 50 and tend to decrease
- MACD; decrease

Daily time frame:
- The price is in a descending channel and close to the bottom of the channel
And while the ceiling broke the weekly downtrend line, it closed with a doji
- Stoch RSI; Below 50, and still no signal back
- RSI; Nearly 20
- MACD; decrease


4H time frame:
- In the descending channel, LL was formed
- Stoch RSI; The tendency to climb
- RSI; Close to 20, and convergence
- MACD; ascending

In smaller time frames, convergence and tendency to rise can be seen

* I think that in the next week, the price will move upward and contact the ceiling of the channel
And then it takes a decreasing trend

Be profitable

Thank you for expressing your opinion with likes and comments