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USD/CAD Signal - CAD Foreign Portfolio Investments In Canadian Securities - 18 Oct 2021

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Signal Details
Entry Price: 
1.2375
Take Profit: 
1.2460
Stop Loss: 
1.2330
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDCAD has found support following a short term trendline break. Later today the CAD Foreign Portfolio Investments in Canadian Securities shows the movements of incoming and outcoming investments (money market, stocks and bonds) from Canada. Technically the pair has held above support and the RSI has turned bullish. We anticipate continued upside into the 1.2460 level.

Submitted by Toni H. on Mon, 18 Oct 2021 01:46:19 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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