Long USDCAD falling wedge breakout
Fundamental:
- Oil demand outlook continues to worsen
- Virus situation in Canada showing little signs of abating
- BOC increasing asset purchases (QE), attempting to pump liquidity into the market
- Housing market feeling a lot of pressure with bleaker outlook to come
Technical:
- Falling wedge breakout with a small retest off previous resistance, highly unlikely it is a false breakout
- EMAs and MACD showing positive signals
- Looking for a long position with a longer horizon
- Oil demand outlook continues to worsen
- Virus situation in Canada showing little signs of abating
- BOC increasing asset purchases (QE), attempting to pump liquidity into the market
- Housing market feeling a lot of pressure with bleaker outlook to come
Technical:
- Falling wedge breakout with a small retest off previous resistance, highly unlikely it is a false breakout
- EMAs and MACD showing positive signals
- Looking for a long position with a longer horizon
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.