USDCAD !!! 31/1/24 TREND DOWN ! SELL NOW
Updated
⭐️Smart investment, Strong finance
⭐️USDCAD INFORMATION:
During the early Asian session on Wednesday, the USD/CAD pair ends its four-day losing streak. The recovery of the pair is supported by positive US job openings and consumer confidence data, which contribute to the strengthening of the US dollar (USD). The focus is now on the Federal Reserve (Fed) monetary policy meeting scheduled for Wednesday, where no changes in interest rates are expected. Currently, USD/CAD is trading at 1.3405, showing a 0.04% gain for the day.
Unexpectedly, the number of available jobs in the US increased in December to 9.026 million, as reported by the Bureau of Labor Statistics on Tuesday. This marks the first time that job openings have surpassed 9 million since September. In addition, the Conference Board Consumer Confidence index rose to 114.8 in January, compared to the previous reading of 108.0, reaching its highest level in two years.
⭐️Personal comments NOVA:
The long-term price range is still in a DOWN trend, the next bottom is gradually lower than the previous bottom. Touching the trendline sets up a SELL signal. CAD economic data also does not have much important information
⭐️SET UP PRICE:
🔥SELL USDCAD zone: 1.34200 - 1.34350 SL 1.34800
TP1: 1.33900
TP2: 1.33600
TP3: 1.33300
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
⭐️USDCAD INFORMATION:
During the early Asian session on Wednesday, the USD/CAD pair ends its four-day losing streak. The recovery of the pair is supported by positive US job openings and consumer confidence data, which contribute to the strengthening of the US dollar (USD). The focus is now on the Federal Reserve (Fed) monetary policy meeting scheduled for Wednesday, where no changes in interest rates are expected. Currently, USD/CAD is trading at 1.3405, showing a 0.04% gain for the day.
Unexpectedly, the number of available jobs in the US increased in December to 9.026 million, as reported by the Bureau of Labor Statistics on Tuesday. This marks the first time that job openings have surpassed 9 million since September. In addition, the Conference Board Consumer Confidence index rose to 114.8 in January, compared to the previous reading of 108.0, reaching its highest level in two years.
⭐️Personal comments NOVA:
The long-term price range is still in a DOWN trend, the next bottom is gradually lower than the previous bottom. Touching the trendline sets up a SELL signal. CAD economic data also does not have much important information
⭐️SET UP PRICE:
🔥SELL USDCAD zone: 1.34200 - 1.34350 SL 1.34800
TP1: 1.33900
TP2: 1.33600
TP3: 1.33300
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Note
+ 25 pips , signal SELL USD CADNote
Near 40 pips , entry SELL USD CADNote
+ 70 pips, sell usdcad
Dear My Friends,
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
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