GoldCartel - USD/CAD Follow up analysis - BIG Trade

9 Ağu 2020

I reckon, if it can stay below the resistance/trendline, USD will fall deeper into the next potential target.

Catalyst:
- Trump's tariffs on Canada will backfire by hurting the U.S. economy more.
- Canada added 419,000 jobs in July as economy reopened
- CAD Jobless rate of 12.3%
- Potential Descending triangle on the daily time-frame, it was a breakout and retest

PS: I'm too busy with my clients, and I'm not going to post any updates.

21 Ağu 2020

İşlem aktif

So far, it rejected the daily major resistance.
The analysis and targets remain the same.