Get started
PAMystery

USDCAD May Fell Down

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
PAMystery Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns USDCAD usdcadshort usdcadforecast usdcadsell usdcadanalysis
7
0
trendanalysis chartpattern usdcad usdcadshort usdcadforecast usdcadsell usdcadanalysis
The recent decline in OIL prices is what has caused the upside push in USDCAD over the last few days, if OIL prices reverse from these lows and can find some momentum then this should help our USDCAD short trade as the Canadian Dollar is impacted by the prices of OIL as they are one of the biggest distributors of OIL in the entire world.USD/CAD is often greatly affected by how U.S. consumers react to changes in oil prices, if demand for oil was to fall, this could hurt demand for the CAD.

#Learn&Trade
Price Action Traders
Comment:
Running in +70 Profit,
Break-even, Sit back and relax anyway, you have got nothing to lose on this trade anymore.
Trade closed: stop reached:
Market Manipulation hits our stop out level.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.