USD/CAD: Change of the growth divergence in U.S. Dollar
Updated
The U.S. Dollar fell today as investor see a less optimistic this week and that growth divergence could to reverse moving out of the risk sentiment as China se to lift the its city-wide lockdown to the return of the normal life in Shanghai and that could to help the global-growth of another nations. This it's my fundamental analysis that I found out.
So, technically we see that in H4 chart it's look bearish and I point a possible opportunity to find down 139 pips in this trade at the target profit of $1.2644 CAD. And we see that MACD indicator make confluence in the price that we're going to the sell.
Meanwhile, in Daily chart it's look bearish.
I hope that this analysis support you!!!
Good luck
I show you my trade info in my display to make a trade in this short position
So, technically we see that in H4 chart it's look bearish and I point a possible opportunity to find down 139 pips in this trade at the target profit of $1.2644 CAD. And we see that MACD indicator make confluence in the price that we're going to the sell.
Meanwhile, in Daily chart it's look bearish.
I hope that this analysis support you!!!
Good luck
I show you my trade info in my display to make a trade in this short position
Order cancelled
We would need to cancelled this idea because in H4 and H1 timeframe we formed an envolging bullish pattern in the price action and maybe I will share my perspective to take in note. This it's a market trap and manipulation that occur now.I decide to closed up my short that was in pending order at $1.2782 CAD
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