USDCAD - Technical and fundamental Analysis
Updated
Here mis my USDCAD Analysis for educational purpose:
Favourable points
- DXY respecting bullish trend on 4H
- USDCAD respected 78 Fib level
- Clear BOS on 4H
- Canadian economical outlook support CAD bearish trend
- Consolidation shows weakened buyers Strength
Why trade can go wrong-
- Rising tensions in Afganistan may turn the DXY trend around.
- Delta variant is still a risk
- US Fed may delay tapering talks which can turn DXY bearish.
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Favourable points
- DXY respecting bullish trend on 4H
- USDCAD respected 78 Fib level
- Clear BOS on 4H
- Canadian economical outlook support CAD bearish trend
- Consolidation shows weakened buyers Strength
Why trade can go wrong-
- Rising tensions in Afganistan may turn the DXY trend around.
- Delta variant is still a risk
- US Fed may delay tapering talks which can turn DXY bearish.
Subscribe for more ideas.
Note
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