USDCAD : M&A deal support for Loonie.

FX:USDCAD   U.S. Dollar / Canadian Dollar
148 0 3
USDCAD: I enter a fresh ShORT position of USDCAD             at current price . Take profit at 1.08, stop loss at 1.0890
There are two main reasons why I choose SELL USDCAD             for the being time:
- Firstly, there is an undoubtable fact is that Canada economic data gradually become better, and I think this will transfer to Canada GDP on Friday.
- Secondly, the M&A deal between Burger King and Tim Hortons benefits for Loonie.
About Technical view:
- USDCAD             broke the bullish trendline I show on the chart, and the RSI + Stoch indicator show large divergence with the price, and there is stil room for SELL position.
- USDCAD             rejected 1.10 key level many times, so if it cannot break this key resistance level , it will fall down as a result.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out