USDCAD: BUY
Before I start with the analysis, I want to thank everyone who liked my previous posts! :) I appreciate you guys.
I am calling a BUY signal for USDCAD as it is sitting on a strong support that was tested multiple times, I suggest taking a small position until a reversal is evident.
A break from the 100MA and a breakout from the previous high will more or less confirm that a reversal is coming,
What I want to see is a little bit of consolidation on the support area, then see if the US NFP is optimistic, then we'll definitely have a good day! :D
News to watch out for:
US Vaccine (Better Effectivity and early release date: BUY)
NFP (If better than estimate: BUY)
US Election (Transition)
CHEERS!
Happy Trading Guys :)
I am calling a BUY signal for USDCAD as it is sitting on a strong support that was tested multiple times, I suggest taking a small position until a reversal is evident.
A break from the 100MA and a breakout from the previous high will more or less confirm that a reversal is coming,
What I want to see is a little bit of consolidation on the support area, then see if the US NFP is optimistic, then we'll definitely have a good day! :D
News to watch out for:
US Vaccine (Better Effectivity and early release date: BUY)
NFP (If better than estimate: BUY)
US Election (Transition)
CHEERS!
Happy Trading Guys :)
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.
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.