Currency Pair: USDCAD
Timeframe: H1
Date/Time of Signal: 23rd January 2020 / 1230hrs (SGT)
Review:
Yesterday (22nd January), the Bank of Canada kept its interest rates unchanged but downgraded 2020 forecast and hinted a rate cut could still be in the offering, thus weakening the Canadian dollar.
USDCAD broken the Resistance level of 1.3110.
Trade signaled to buy USDCAD (Entry: 1.3166) with 3 Take Profit (TP) Targets (TP1: 1.3186, TP2: 1.3206, TP3: 1.3226) and Stop Loss (SL) at 1.3136.
Timeframe: H1
Date/Time of Signal: 23rd January 2020 / 1230hrs (SGT)
Review:
Yesterday (22nd January), the Bank of Canada kept its interest rates unchanged but downgraded 2020 forecast and hinted a rate cut could still be in the offering, thus weakening the Canadian dollar.
USDCAD broken the Resistance level of 1.3110.
Trade signaled to buy USDCAD (Entry: 1.3166) with 3 Take Profit (TP) Targets (TP1: 1.3186, TP2: 1.3206, TP3: 1.3226) and Stop Loss (SL) at 1.3136.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.