USD/CAD LONG
TECHNICALS
The the USD has not been performing that well over the past few days hardly having a good bullish candle close on the daily time frame.
we notice that all this bearish movement has caused market to retest support zone once again witch has been holding strongly since early June 2021.
im predicting a small bullish move, a retest then bullish continuation. to 1.25000 (potentaily higher).
FUNDEMENTALS
The following will have a decent impact on weather the pair will break below or stick to my bullish analisys. positve reports will result in bullish movement and negitve i bearish movement
14:30
USD Producer Price Index ex Food & Energy (YoY)(Sep)
USDCAD
USD Initial Jobless Claims(Oct 8)
USD Initial Jobless Claims 4-week average(Oct 8)
19:00
USD Fed's Williams speech
20:00
USD Monthly Budget Statement(Sep)
The the USD has not been performing that well over the past few days hardly having a good bullish candle close on the daily time frame.
we notice that all this bearish movement has caused market to retest support zone once again witch has been holding strongly since early June 2021.
im predicting a small bullish move, a retest then bullish continuation. to 1.25000 (potentaily higher).
FUNDEMENTALS
The following will have a decent impact on weather the pair will break below or stick to my bullish analisys. positve reports will result in bullish movement and negitve i bearish movement
14:30
USD Producer Price Index ex Food & Energy (YoY)(Sep)
USDCADUSD Initial Jobless Claims(Oct 8)
USD Initial Jobless Claims 4-week average(Oct 8)
19:00
USD Fed's Williams speech
20:00
USD Monthly Budget Statement(Sep)
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.