Updates of USD/CAD: Fundamentals + Technical Analysis
Hello guys, in this technical analysis, we found out a ascendent trianlge what was confirmed to entry in short position, now there are a highly possibility that all USD news was bad for support this economy. Well, firstly we have the confirmation in short position to entry, I reccomend to closed our long position, because this drop is so very strong that USD it's going to workless their influence in this par.
That blue mark is the zone of help you to identify importnat points that can to help you in hte next week. Now, we proyect a possible drop of 2.30% in the price, and this mean a situation very horrible of this par about the US cases of the pandemic in this nation.
Well, if you want, you can to put in short position now becuase the market is open up on Sunday at 5:00 p.m. US eastern time.
That it's sound a good potition in short for the next week to find down 300 pips of profit.
Now, this is my fundamental that I read today!!! Also, lets me see that I will going to follow the fundamental in this technical analysis:
1. Dollar off lows as covid rise, but remains set for another weekly loss.
2. The U.S. Dollar remained on trust for a second-straight weekly loss despite turning positive on Friday, as a spike in coronavirus cases in the U.S. cooled the flight to risk and stoked demand for safe-haven greenback.
3. The U.S. Centers for Disease and Control and Prevention on yesterday informed taht there are more of 2 million of cases in US.
4. Rising cases stoked investor worries that measures to curb the outbreaks including states rolling back the reopening of businesss could slowed the economic recovery.
5. The US has created 4.8 million of jobs in hte nation in the last month, well above economist's forecast of 2.9 million jobs, while the employment rate fell to 11.1% from 13.3% in May. Economists expected it to drop to 12.4%.
6. Dollar down with glow from positive data dimmed by rising covid-19 cases.
7. Forex-Dollar weakens as economic data improves
8. There are a sign that suggest that the vast sums of money injected by the monetary system and fiscal authorities around the world are bearing fruit.
9. FED money printing has now secured what seems to be a stable negative correlation between risk assets and the dollar.
10. As long as the FED is still buying assets and prepared to do more, and expect this negative correlatin, risk on, dollar off, to dominate financial markets over the coming quarters.
That mean a bad fundamentals for USD, so success for the next week in this technical anlaysis, I follow this analysis for the next week.
That blue mark is the zone of help you to identify importnat points that can to help you in hte next week. Now, we proyect a possible drop of 2.30% in the price, and this mean a situation very horrible of this par about the US cases of the pandemic in this nation.
Well, if you want, you can to put in short position now becuase the market is open up on Sunday at 5:00 p.m. US eastern time.
That it's sound a good potition in short for the next week to find down 300 pips of profit.
Now, this is my fundamental that I read today!!! Also, lets me see that I will going to follow the fundamental in this technical analysis:
1. Dollar off lows as covid rise, but remains set for another weekly loss.
2. The U.S. Dollar remained on trust for a second-straight weekly loss despite turning positive on Friday, as a spike in coronavirus cases in the U.S. cooled the flight to risk and stoked demand for safe-haven greenback.
3. The U.S. Centers for Disease and Control and Prevention on yesterday informed taht there are more of 2 million of cases in US.
4. Rising cases stoked investor worries that measures to curb the outbreaks including states rolling back the reopening of businesss could slowed the economic recovery.
5. The US has created 4.8 million of jobs in hte nation in the last month, well above economist's forecast of 2.9 million jobs, while the employment rate fell to 11.1% from 13.3% in May. Economists expected it to drop to 12.4%.
6. Dollar down with glow from positive data dimmed by rising covid-19 cases.
7. Forex-Dollar weakens as economic data improves
8. There are a sign that suggest that the vast sums of money injected by the monetary system and fiscal authorities around the world are bearing fruit.
9. FED money printing has now secured what seems to be a stable negative correlation between risk assets and the dollar.
10. As long as the FED is still buying assets and prepared to do more, and expect this negative correlatin, risk on, dollar off, to dominate financial markets over the coming quarters.
That mean a bad fundamentals for USD, so success for the next week in this technical anlaysis, I follow this analysis for the next week.
