USDCAD 4H FORECAST
My thoughts on USDCAD (requested by one of our subscribers). In the last recent week, USDCAD has been ranging between two important zone of 1.26270-1.26480 and 1.25300-1.25000. Many subscribers caught the pullback of the USDCAD and one passed the FTMO challenge. My bias for USDCAD is still short
- Fundamental analysis: The Employment in Canada increased by almost 20%( better than the forecast) from 259.2k to 303.1k. Also, the unemployment rate decreased by 0.7% from 8.2% to 7.5%. This indicates that #CAD is strong in the next few weeks.
- Technical analysis: 1.26270-1.26480 is a strong zone (price reacted strongly in this zone). Price may retest this zone before continue to push down.
- Fundamental analysis: The Employment in Canada increased by almost 20%( better than the forecast) from 259.2k to 303.1k. Also, the unemployment rate decreased by 0.7% from 8.2% to 7.5%. This indicates that #CAD is strong in the next few weeks.
- Technical analysis: 1.26270-1.26480 is a strong zone (price reacted strongly in this zone). Price may retest this zone before continue to push down.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.