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 :)
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.
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.