USD/CAD news:
🔆USD/CAD is currently at the resistance level of 1.4230 as the USD shows signs of rebounding in the US trading session. However, the outlook for the US dollar is weakening as the possibility of a Fed rate cut increases. The weakness of this pair is due to the weaker US dollar following the gloomy US economic data.
🔆In addition, the US 10-year bond yield is still maintaining its bearish momentum. With a decrease of 0.38% on the day
Personal opinion:
🔆USD/CAD is still maintaining its bearish momentum. The 1H chart is forming a Bearish Flag. The bearish flag pattern shows that many investors are taking profits after holding back the sell-off. When enough accumulation, the sellers will gather strength to push the price out of the lower price channel, pushing the price back to the old trend.
Plan:
🔆Price Zone Setup:
👉Sell USD/CAD 1.4228– 1.4248
❌SL: 1.4290| ✅TP: 1.4180 – 1.4140 – 1.4100
FM wishes you a successful trading day 💰💰💰
🔆USD/CAD is currently at the resistance level of 1.4230 as the USD shows signs of rebounding in the US trading session. However, the outlook for the US dollar is weakening as the possibility of a Fed rate cut increases. The weakness of this pair is due to the weaker US dollar following the gloomy US economic data.
🔆In addition, the US 10-year bond yield is still maintaining its bearish momentum. With a decrease of 0.38% on the day
Personal opinion:
🔆USD/CAD is still maintaining its bearish momentum. The 1H chart is forming a Bearish Flag. The bearish flag pattern shows that many investors are taking profits after holding back the sell-off. When enough accumulation, the sellers will gather strength to push the price out of the lower price channel, pushing the price back to the old trend.
Plan:
🔆Price Zone Setup:
👉Sell USD/CAD 1.4228– 1.4248
❌SL: 1.4290| ✅TP: 1.4180 – 1.4140 – 1.4100
FM wishes you a successful trading day 💰💰💰
✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
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.
✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
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.