Sforex
Long

Idea for USDCAD next week.

FX:USDCAD   U.S. Dollar/Canadian Dollar
325 3 2
U/C had one month sideway in the range between 1.07 and 1.057 : 130 pips.

USDCAD             pair is in the no trend state. It needs enough strong catalyst to move up or fall down.

1.057 is a very strong support, U/C cannot break this level in the near future because two following reasons:

- BoC             still keep dovish stance despite of housing bubble because they want to pursue their inflation target.

- US economy is on the recovery, and FED taper decision keeps USDCAD             cannot falls down.

Next week, If I choose bullish trend for USD, I will LONG U/C to 1.07 level and set stop loss at 1.057
Wu Xin Chang
3 years ago
yes what i think is familar with your ideal, but it is me ,i will buy at 1.0750,
Reply
Sforex PRO
3 years ago
Hit 1.07 : Win 85 pips
Reply
muhammad.ibrahimbut Sforex
3 years ago
You are Great sir . I am new . i saw your prediction . . keep it up sir i will follow you. > > > > . > >
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