Sforex
Long

Loonie next week: BOC Meeting : Likely set new year high

FX:USDCAD   U.S. Dollar/Canadian Dollar
101 0 0
This week, the main focus regarding to Loonie is BOC             Meeting on Wednesday.

Canada officially sinks into RECESSION after two quarters GDP below 0% .

That why I believe firmly that BOC             will more dovish than usual.

-Technical Analysis:

- A bullish channel: USDCAD             is following this channel.

- RSI indicator shows a rejection benchmark 50 and moves up : Signal for bullish view.

I think USDCAD             will set new year high next week : 1.3400 I think so.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out