USDCAD Analysis - Bullish - Trade 04
Aggiornato
1. Seasonality
2. COT Report
3. Fundamental Analysis
4. Technical Analysis
Bias
Trade Plan
The CAD is bullish during the first week of December, while the USD exhibits bearish momentum. This combination suggests a bearish outlook for USDCAD based on seasonality.
2. COT Report
The COT report for the CAD suggests a sell. On the other hand, the COT report for the USD suggests a buy, indicating increasing strength for the USD. This could provide upward pressure on USDCAD.
3. Fundamental Analysis
LEIThe USDCAD LEI is increasing, which signals potential strength for the USD and could favor upward movement in USDCAD.
Endogenous FactorsThe endogenous factors for the USD are increasing, suggesting bullish momentum for the USD, while the CAD's endogenous factors show weakness, further supporting a potential rise in USDCAD.
Exogenous FactorsExogenous indicators for USDCAD show a decreasing trend, suggesting some resistance to further bullish momentum, which could limit the upside potential of USDCAD.
4. Technical Analysis
USDCAD is forming an ABCD pattern, with the C point retracement at the 0.79 Fibonacci level.
Bias
The combined analysis suggests a bullish bias for USDCAD
Trade Plan
Entry: 1.40481
SL: 1.39756
TP: 1.41206
Trade chiuso: obiettivo raggiunto
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