Before I start with the analysis, I want to thank everyone who liked my previous posts! :) I appreciate you guys.
I am calling a BUY signal for USDCAD as it is sitting on a strong support that was tested multiple times, I suggest taking a small position until a reversal is evident.
A break from the 100MA and a breakout from the previous high will more or less confirm that a reversal is coming,
What I want to see is a little bit of consolidation on the support area, then see if the US NFP is optimistic, then we'll definitely have a good day! :D
News to watch out for:
US Vaccine (Better Effectivity and early release date: BUY)
NFP (If better than estimate: BUY)
US Election (Transition)
CHEERS!
Happy Trading Guys :)
I am calling a BUY signal for USDCAD as it is sitting on a strong support that was tested multiple times, I suggest taking a small position until a reversal is evident.
A break from the 100MA and a breakout from the previous high will more or less confirm that a reversal is coming,
What I want to see is a little bit of consolidation on the support area, then see if the US NFP is optimistic, then we'll definitely have a good day! :D
News to watch out for:
US Vaccine (Better Effectivity and early release date: BUY)
NFP (If better than estimate: BUY)
US Election (Transition)
CHEERS!
Happy Trading Guys :)
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