U.S. Dollar has bad news today as today the Federal Reserve Chair Jerome Powell comment that He's expect that U.S. equities market not just help boost as there're risk sentiment in the interest rate. As the past week, the U.S. interest rates was 25 basic points and dollar climb, but that will be transitory in the movement. But there're some chances that Jerome Powell going to increase the interest rate to 50 basic points in the next upcoming U.S. monetary policy that will be on May and June in this year.
And then, this will be bad news in shortly time. So guys, right now, that trend will becoming worse in the U.S. economy as inflation continue climb as maybe FED can't to combat a higher inflation that could to climb in the following months.
So, technically, we see that U.S. Dollar it's weak in this chart.
So, I have this overview what I look in U.S. Dollar/Canadian Dollar that can to hit down to $1.2470 CAD.
And now, analyzing this timeframe, I put a sell order limit at $1.2582 CAD and SL to $1.2628 CAD and target to $1.2470 CAD
So guys, if you like my analysis and do you like my own content, please follow me and share this perspective what I thinking about the economy, U.S. Dollar and how I'm a critic person that find up solution.
And then, this will be bad news in shortly time. So guys, right now, that trend will becoming worse in the U.S. economy as inflation continue climb as maybe FED can't to combat a higher inflation that could to climb in the following months.
So, technically, we see that U.S. Dollar it's weak in this chart.
So, I have this overview what I look in U.S. Dollar/Canadian Dollar that can to hit down to $1.2470 CAD.
And now, analyzing this timeframe, I put a sell order limit at $1.2582 CAD and SL to $1.2628 CAD and target to $1.2470 CAD
So guys, if you like my analysis and do you like my own content, please follow me and share this perspective what I thinking about the economy, U.S. Dollar and how I'm a critic person that find up solution.
Trade closed: target reached
We earned 113 pips in USD/CAD.Congraluations!!!
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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.