Sforex
Long

Loonie: Canada CPI in the spotlight : I expect negative data

FX:USDCAD   U.S. Dollar/Canadian Dollar
148 0 2
Canada CPI             is the last important data this week.

Many traders is pricing for weaker Loonie, and energy price also doesn't support for Loonie.

We have two options on the table:

- Negative data
- Positive data.

USDCAD             test the ascending trend line , and there is divergence between price and Stoch + RSI

If data is negative, USDCAD             soars, on the other hand, USDCAD             will break the trend line and move lower to nearest support at 1.2860

In my opinion, I choose negative data.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out