USDCAD - BULLISH BIAS
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MARKET OUTLOOK
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USD - BULLISH
1️⃣ A turnaround in the global risk sentiment extended some support to the safe-haven greenback.
2️⃣ Rebounding US bond yields extended some support to the USD.
CAD - BEARISH
1️⃣ COVID-19 continues to rage across Canada with vaccinations very slow.
2️⃣ PM Trudeau said third wave has taken turn for worse.
3️⃣ Declining oil prices undermined the CAD.
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TECHNICAL
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- We are buying USDCAD on the support area on the M15. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
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Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
MARKET OUTLOOK
=====
USD - BULLISH
1️⃣ A turnaround in the global risk sentiment extended some support to the safe-haven greenback.
2️⃣ Rebounding US bond yields extended some support to the USD.
CAD - BEARISH
1️⃣ COVID-19 continues to rage across Canada with vaccinations very slow.
2️⃣ PM Trudeau said third wave has taken turn for worse.
3️⃣ Declining oil prices undermined the CAD.
=====
TECHNICAL
=====
- We are buying USDCAD on the support area on the M15. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade attivo
Trade chiuso: stop raggiunto
❌ TRADE HAS HIT STOP LOSS-20 PIPS
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.