Fundamental Analysis
1. Endogenous and Exogenous factors indicates bearish trend in USDCAD.
2.USD is getting weaker in previous months while CAD is stronger
3. Seasonality also shoes bullish trend in CAD in April and Bearish in USD
4. COT report of USD indicates continuous reduction in long positions by NON-COM
5. Sentiments of USD and CAD are both bearish due to Tariffs but CAD will improve in coming days.
Technical Analysis.
1. Weekly chart shows Bearish RSI divergence with consolidation Box
2. Daily chart shows breakdown of consolidation box with Head and Shoulder pattern with retracement/retest
3. Entry of short sell in 2 parts
i. Enter at current price with 1% risk
ii. Enter at 1.43769
4. Stoploss above right shoulder 1.45597
5. Initial target at weekly support 1.39497
1. Endogenous and Exogenous factors indicates bearish trend in USDCAD.
2.USD is getting weaker in previous months while CAD is stronger
3. Seasonality also shoes bullish trend in CAD in April and Bearish in USD
4. COT report of USD indicates continuous reduction in long positions by NON-COM
5. Sentiments of USD and CAD are both bearish due to Tariffs but CAD will improve in coming days.
Technical Analysis.
1. Weekly chart shows Bearish RSI divergence with consolidation Box
2. Daily chart shows breakdown of consolidation box with Head and Shoulder pattern with retracement/retest
3. Entry of short sell in 2 parts
i. Enter at current price with 1% risk
ii. Enter at 1.43769
4. Stoploss above right shoulder 1.45597
5. Initial target at weekly support 1.39497
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.