Usd/Cad , Lets Roll .
Hey traders ,
First i want to mention that is most fundamental analysis , combination with technical.
Lets go straight to our chart:
USD/CAD is trading in a bull trend above the 200-day simple moving average (SMA).
On daily we see a green pin bar , from price action this is signal that the price will go lower.
The oil prices seems to recover after the bull pump that came out , crude oil it's on correlation with Cad because the main exports from Canada are in USA , i expect the price on oil come little down and then more up than the highs of Friday.
What effect can cause to this pair this move is to take it little higher , ( just lower high) and then sell of .
I believe in this move , because the dollar seems weak , the oil price go up , the news for Canada employment are good so i believe that the SHORT it is where we stand for .
Search for the best entry trigger along side the gaps from the weekend .
Thanks for your reading. Appreciate the feedback .
Good Week .
First i want to mention that is most fundamental analysis , combination with technical.
Lets go straight to our chart:
USD/CAD is trading in a bull trend above the 200-day simple moving average (SMA).
On daily we see a green pin bar , from price action this is signal that the price will go lower.
The oil prices seems to recover after the bull pump that came out , crude oil it's on correlation with Cad because the main exports from Canada are in USA , i expect the price on oil come little down and then more up than the highs of Friday.
What effect can cause to this pair this move is to take it little higher , ( just lower high) and then sell of .
I believe in this move , because the dollar seems weak , the oil price go up , the news for Canada employment are good so i believe that the SHORT it is where we stand for .
Search for the best entry trigger along side the gaps from the weekend .
Thanks for your reading. Appreciate the feedback .
Good Week .
Trade active
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