If you take a quick look at the USDCAD chart, without using any fundamental but just technical analysis, we can cleary see that USDCAD reached the SELL AREA, meaning that NFP should push the USD dollar down! + if you take a look at USD dollar INDEX, it bearish on weekly chart.
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Some people told me you CANT predict NFP, but to be honest when you look at the higher timeframe there have been NFP everymonth and the chart still follow the same trend... Remember that NEWS FOLLOW THE TREND!
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If NFP push the USD dollar up it will be a fake out im pretty sure, we should be heading back to 1.27 maybe a new low around 1.25!
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Make sure to LIKE and FOLLOW, you can also leave me a comment I will make sure to answer them all
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Some people told me you CANT predict NFP, but to be honest when you look at the higher timeframe there have been NFP everymonth and the chart still follow the same trend... Remember that NEWS FOLLOW THE TREND!
--
If NFP push the USD dollar up it will be a fake out im pretty sure, we should be heading back to 1.27 maybe a new low around 1.25!
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Make sure to LIKE and FOLLOW, you can also leave me a comment I will make sure to answer them all
Yorum:
10 minutes before the NFP, USDCAD break under a trendline! Mean something ? Lets see
