USDCAD since early this morning is on a consistent fall on the 15 minute chart.
USD Dollar strength issues have continued with the latest hike in prime interest rates
trying to cool down inflation. Canadian dollar is buoyed by the rising spot price of
gold and oil which are more prominent parts of the Canadian economy than they
are in the USA> The chart shows a ride down the lower Bollinger Bands with no
signs of reversal as of yet. As a leveraged forex trade heading into the market close
I will open a good sized position scalping into 5-10 minutes before the close for the
week,
USD Dollar strength issues have continued with the latest hike in prime interest ratestrying to cool down inflation. Canadian dollar is buoyed by the rising spot price of
gold and oil which are more prominent parts of the Canadian economy than they
are in the USA> The chart shows a ride down the lower Bollinger Bands with no
signs of reversal as of yet. As a leveraged forex trade heading into the market close
I will open a good sized position scalping into 5-10 minutes before the close for the
week,
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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.