USD/CAD (Watch the 1.32-1.33 resistant region closely)
View On USD/CAD (11 Dec 2019)
USDCAD is the stuff between 2 trend lines (Red and Blue) and it shall show its real intention soon.
Do take note that 1.32 to 1.332 region is ONE TOUGH RESISTANT, for now, the market can swing to that region but the price has to break that region before we confirm on the further upside.
At the same time, watch the region of 1.316-1.319, this is ONE TOUGH SUPPORT.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
USDCAD is the stuff between 2 trend lines (Red and Blue) and it shall show its real intention soon.
Do take note that 1.32 to 1.332 region is ONE TOUGH RESISTANT, for now, the market can swing to that region but the price has to break that region before we confirm on the further upside.
At the same time, watch the region of 1.316-1.319, this is ONE TOUGH SUPPORT.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Comment:
Update on USD/CAD (27 JAN 2020)
Follow our previous analysis?
TP level is hit and it is FREE info. Cheers.
Follow our previous analysis?
TP level is hit and it is FREE info. Cheers.
Comment:
Update on USDCAD (28 JAN 2020)
Our other TP of 1.32 level is hit.
USDCAD can rise alot further in near future. Every pull back is a chance for you to buy in.
Our other TP of 1.32 level is hit.
USDCAD can rise alot further in near future. Every pull back is a chance for you to buy in.
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USDCAD had a strong slide down and it even went lower the previous significant swing of 1.30 level.
Now, it is making a good bounce UP.
Since it has USD component in it, soon it shall break a mini resistant of 1.307 and it shall easily retest 1.31 soon. Please be careful if you have any short position. You may want to hedge it (or) get out of it first.