TradingView
JL_Capital
Mar 30, 2020 10:06 AM

USDCAD to 1.46++? Long

U.S. Dollar/Canadian DollarFXCM

Description

USDCAD will hit 1.46++ based on the following reasons:

1. Price war with Russia and Saudi Arabia
2. OPEC and non-OPEC failed to agree on the supply cut
3. Surplus of oil due to countries in lockdown due to corona virus pandemic

Comment

Now approaching the upper trendline. A break at the trendline will send the price to our desired target.
Comments
waltchan
4. Worldwide transition to electric and hydrogen-powered vehicles.
Dave-FX-Hunter
Nice share, agreed.
JL_Capital
@DaweFXHunter, thanks
More