FX:USDCAD   U.S. Dollar / Canadian Dollar
Riding the bearish price action being played out in the weekly and daily chart , coupled with the news about Syria attack that pushed down the dollar further, while the loonie is being boosted by the likelihood of having a successful outcome in NAFTA negotiations and rising oil             price. Setting up short stop order to catch a possible breakout @1.25523 in the hourly chart with TP near 1.242 (support in weekly chart) and SL a couple of pips below 1.26.

https://www.fxstreet.com/news/usd-cad-struggling-to-develop-upward-momentum-above-126-201804160613


Daily:

Weekly:


Confidence: C (must be careful about possible whipsaws from increased volatility esp             this coming Wed during the BoC             meeting and the unpredictability of geopolitical risks esp             when it comes to USD; depending on how volatile it goes based on the chart and ATR, might momentarily close the position before the BoC             meeting)
Order cancelled: Trade cancelled before BoC news yesterday. Will re-enter with another sell stop soon esp with oil prices rising:

https://www.dailyfx.com/forex/technical/home/analysis/usoil/2018/04/18/Crude-Oil-Forecast-Bullish-US-Inventories-EIA-OPEC-70-Barrel.html?DFXfeeds=forex:technical:home:analysis:usoil

Related Ideas

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out