USDCAD produced a bearish engulf on the weekly chart hinting at a potential upward change in direction. The pair issued a buy signal on the 1 box P and F chart and appears to be close to making a break on the daily. I will enter long on a close above 1:3137 which will clear resistance on the daily chart. target will be 1:36.
US oil appears to be beginning a downward move which will drag on the CAD and recent US data suggests that the next FED rate move is still on the cards.
Existing AUDJPY weekly continues although this week was a poor one for the trade
US oil appears to be beginning a downward move which will drag on the CAD and recent US data suggests that the next FED rate move is still on the cards.
Existing AUDJPY weekly continues although this week was a poor one for the trade
Trade active:
trade opened at market open in the UK price was 1:3150.
Trade closed manually:
Trade on hit target 127 pips trade 2 closed when it hit SLfor 0 pips
