In my opinion, it is possible to think about selling USDCAD from this area. In my opinion, these two situations can happen. It should be seen what number of Canadian inflation will be announced. If the announced number is less than the predictions, it may go up to 1.3850, but if it is more than the predictions, it can fall from here.
good luck
I think this price is a good place to buy EURUSD.
The US inflation data has increased, but it seems that this data has been seen to some extent on the prices.
The general trend of this currency pair is upward.
Do not be greedy and take care of your capital, nothing is certain in the market.
Entery : 1.0942
SL : 1.0830
TP : 1.1125
Entery price : 1.1127
Stop loss : 1.1250
Take profit : 1.0930
My previous analysis failed.
However, I still believe that the market has weakened the dollar too much and this price is too early for the euro. I expect a drop from here to around 1.0930.
Of course, the general trend of this currency pair is upward, so if you intend to sell euros, enter with minimal...
Unfortunately, our previous signal failed due to low stop loss. After hearing the words of Mr. Powell, the market acted very excited and weakened the dollar.
Mr. Powell did not say anything new that could further weaken the dollar.
This week I expect a rise for the US dollar. This is a very good place to buy USDCAD. The Canadian dollar has nothing to say against...
Entery price : 1.3580
SL : 1.3535
TP 1 : 1.3680
TP 2 : 1.3750
We reached a strong resistance zone in the USDCAD currency pair. Considering the recent decline in Canadian inflation, I don't expect further declines at the moment.
I think it is a good area to buy until the target of 1.3750.
This is my opinion and it could be wrong.
Take care of your capital.
good luck
I think the EURUSD could drop to around 1.0930 given the US inflation report and the strong retail sales rate released last week.
Please note that this is an opinion from a beginner. The probability of error is high.
