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User12348

MY IDEA FOR UPCOMING USDCAD JAN 2021

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
User12348 Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Chart Patterns Fundamental Analysis Trend Analysis
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0
chartpattern fundamental trendanalysis
]Currently Crude oil price is set to increase Jan 2021. Canada main export for CRUDE OIL to U.S and this would mean increase in oil price for the U.S would mean trim in economic growth and affects consumer USDCAD USDC behavior(consumers may switch to alternatives ) . Firms may cut back on investment as well. Rise in cost pushes up inflation.
Comment:
GUYS YOU MAY VIEW USDCAD ACCORDING TO MY ANALYSIS IT HAS FORMED THE SHOULDER. WAITING FOR IT TO BREAK THE TRIANGLE BOX I HAVE SET UP TO ENTER TRADE. IDEAL ( 1.26878 BREAKS OUT BOX WE FLYING DOWN) LETS SEE WHAT DATA COMES OUT 6-8 JAN AS COVID CASES WERE ON A RISE DURING DECEMBER. Lets see what we can expect on economical data.
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