Forecast – BULLISH
Date Posted: 18 December 2019
Currency Pair: USDCAD
Current Trend: DOWN
Forecast Move: UP
Key Tech Level: 1.3174
Trade Action: BUY
Take Profit 1.3261 +75 pips
Stop Loss 1.3161 -25 pips
Chart & Forecast Details
The CAD has been pulled and pushed around on various geopolitical influences but recent Canadfian economic data suggests a slowing economy. If today’s Canadian CPI data comes in weak then we’ll surely see USDCAD pop through the recent short term downtrend. On top of that if Oil falls back towards $57 it will definitely run to the topside.
Key Trade Day: Wednesday 18th Nov – Canadian CPI
Forex Trading Courses, workshops & funding opportunities
Join our Forex T4TCapital Trading Programme and let us run the risk!
Get Educated in your own time and learn how the bankers trade.
Our Complete Online Forex Trading Course is the ideal starting point for all traders, both beginners and veterans .
Make trading a full-time career
Our Fast Track Forex Trading Workshops will take you from the beginning to being a full time trader in 5 days.