USDCAD - BULLISH BIAS
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MARKET OUTLOOK
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USD - BULLISH
1️⃣ A turnaround in the global risk sentiment extended some support to the safe-haven greenback.
2️⃣ Rebounding US bond yields extended some support to the USD.
CAD - BEARISH
1️⃣ COVID-19 continues to rage across Canada with vaccinations very slow.
2️⃣ PM Trudeau said third wave has taken turn for worse.
3️⃣ Declining oil prices undermined the CAD.
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TECHNICAL
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- We are buying USDCAD on the support area on the M15. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
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Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
MARKET OUTLOOK
=====
USD - BULLISH
1️⃣ A turnaround in the global risk sentiment extended some support to the safe-haven greenback.
2️⃣ Rebounding US bond yields extended some support to the USD.
CAD - BEARISH
1️⃣ COVID-19 continues to rage across Canada with vaccinations very slow.
2️⃣ PM Trudeau said third wave has taken turn for worse.
3️⃣ Declining oil prices undermined the CAD.
=====
TECHNICAL
=====
- We are buying USDCAD on the support area on the M15. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Transaction en cours
Trade fermée: ordre d’arrêt atteint
❌ TRADE HAS HIT STOP LOSS-20 PIPS
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.