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Usdcadforecast

USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD USDCAD is going up quite a bit right now. That's because OIL is down quite a bit and POWELL'S HAWKISH COMMENTS UPDATES came. They have been working to make USD STRONG in recent days. Due to this reason, STOCKS can move DOWN SIDE if the USD becomes STRONG like this. Right now, there is a very good BUY towards the UPSIDE because US DATA and UPDATES are POSITIVE. We think it will go down to 1.2999 level before going UP again with MARKET RISK ON SENTIMENT. Somehow, there will be a chance for USDCAD to go up to 1.3221 LEVEL again. We wait until the UPSIDE TREND CONTINUES. FOLLOW THE STRUCTURE GIVEN. usdcadusdcad
by benny_marshall
Potential reversal in USD/CAD; hitting the top of the channelUSD/CAD is moving within an ascending price channel for the last few months. The best level to sell would be after the price hits the upper trend line of the channel. My recommendation is to wait for the price to touch the upper trend line. The area between 1.3150-1.3220 would be of interest to me. Potential sellers must wait for price rejection at the level mentioned above before placing sell orders. However, there is also a chance that the price may not reach that level and it may already start falling before that.
Short
by YourLazyTrader
3