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USD/CAD Signal - CAD Consumer Price Index - 17 Nov 2021

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Signal Details
Entry Price: 
1.2567
Take Profit: 
1.2650
Stop Loss: 
1.24960
Direction: 
Buy
How we trade
Average: 5 (2 votes)

USDCAD is trading to the upside currently prior to the CAD Consumer Price Index data, which tracks the change in prices across a range of goods and services and is used to measure inflation. Technically the pair is holding above the moving average ribbon, and has bounced from a key support zone. We are capitalising on the strong USD bull market with this trade, targeting upside into 1.26500.

Submitted by Toni H. on Tue, 16 Nov 2021 23:39:43 GMT

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.

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