USDCAD Short
Updated
With current bearish outlook on USD especially with Irma hurricane joining the usual geopolitical risks for this currency, and recent bullish sentiment on CAD especially after BOC's rate hike, setting up a sell stop order with TP near 1.15 (S5 pivot line in hourly chart) and SL near base pivot line (hourly chart).
nasdaq.com/article/usdcad-fundamental-analysis-week-of-september-11-2017-cm843700
forexcrunch.com/position-cad-strength-post-boc-td/
Daily:
Weekly:
Confidence: A (might rally in the short-run, but fundamentally speaking, this pair is bearish)
nasdaq.com/article/usdcad-fundamental-analysis-week-of-september-11-2017-cm843700
forexcrunch.com/position-cad-strength-post-boc-td/
Daily:
Weekly:
Confidence: A (might rally in the short-run, but fundamentally speaking, this pair is bearish)
Order cancelled
Similar to NZDCAD, sell stop order not hit yet, will setup a new one next week.
Related publications
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.