Hello my dear friends
Here in the market, we expect the dollar to weaken. The Bank of Canada interest rate will be announced tomorrow.
Currently, if the previous price floor ($0.749) is maintained and the current trend is above the price range of $0.7547, the possibility of an upward trend similar to the drawn scenario is strengthened.
Be sure to keep in mind that the condition for the trend to progress to the green area is the complete consumption of orders in the area of $0.7586.
We would be happy to hear your comments
Here in the market, we expect the dollar to weaken. The Bank of Canada interest rate will be announced tomorrow.
Currently, if the previous price floor ($0.749) is maintained and the current trend is above the price range of $0.7547, the possibility of an upward trend similar to the drawn scenario is strengthened.
Be sure to keep in mind that the condition for the trend to progress to the green area is the complete consumption of orders in the area of $0.7586.
We would be happy to hear your comments
Trade active:
The downward scenario was executed