USDCAD - BEARISH BIAS
USD - BEARISH
1️⃣ Federal Reserve head Jerome Powell stressed that temporary inflation fears are not too strong to support the central bank’s idea of raising interest rates by 2023.
2️⃣ Some FOMC members reiterated that the current high inflation is temporary and rising interest rates still seem distant.
CAD - BULLISH
1️⃣ Confidence among Canadian exporters has soared to its highest level in more than 20 years following the continued global economic recovery.
2️⃣ Global crude oil prices traded well following a decline in inventories and market sentiment remained optimistic due to extensive vaccination programs in Europe and the United States.
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TECHNICAL
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We're looking to short USDCAD on Pivot point + SMA50 area + SBR level on H1 chart.
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RISK TO THIS TRADE
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- Decline in oil prices tend to make this trade hit stop loss.
1️⃣ Federal Reserve head Jerome Powell stressed that temporary inflation fears are not too strong to support the central bank’s idea of raising interest rates by 2023.
2️⃣ Some FOMC members reiterated that the current high inflation is temporary and rising interest rates still seem distant.
CAD - BULLISH
1️⃣ Confidence among Canadian exporters has soared to its highest level in more than 20 years following the continued global economic recovery.
2️⃣ Global crude oil prices traded well following a decline in inventories and market sentiment remained optimistic due to extensive vaccination programs in Europe and the United States.
=====
TECHNICAL
=====
We're looking to short USDCAD on Pivot point + SMA50 area + SBR level on H1 chart.
=====
RISK TO THIS TRADE
=====
- Decline in oil prices tend to make this trade hit stop loss.
Trade ativo
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.