Hey tradomaniacs,
I`m currently waiting for the FED to give the market more fundamental impulses.
Looking at USD/CAD we can clearly see a breakout out of the recent trendchannel.
A potential cup&handle could cause a continuation of the break as soon as price gets above the daily resistance-zone, which would be a great BUY-ZONE as many potential stop-losses are placed above.
Additionally we might get more and more supply of OIL by the OPEC, which could cause OIL-Price to correct and so the Canadian Dollar.
Of thats the case and the US-DOLLAR goes up as previously mentioned, we might get nice momentum to the upside here.
Let`s see! :-)
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
I`m currently waiting for the FED to give the market more fundamental impulses.
Looking at USD/CAD we can clearly see a breakout out of the recent trendchannel.
A potential cup&handle could cause a continuation of the break as soon as price gets above the daily resistance-zone, which would be a great BUY-ZONE as many potential stop-losses are placed above.
Additionally we might get more and more supply of OIL by the OPEC, which could cause OIL-Price to correct and so the Canadian Dollar.
Of thats the case and the US-DOLLAR goes up as previously mentioned, we might get nice momentum to the upside here.
Let`s see! :-)
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.