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USD/CAD Signal - USD Durable Goods - 27 Oct 2020

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Signal Details
Entry Price: 
1.3177
Take Profit: 
1.3140
Stop Loss: 
1.3220
Direction: 
Sell
Result: 
Loss
How we trade
Average: 5 (1 vote)

USD/CAD is trending to the downside today prior to USD Durable Goods Data. The data measures measures the cost of orders received by manufacturers for durable goods. Technically the pair is trading below the 30m 50 moving average and we anticipate continued downside into 1.3140.

Submitted by Toni H. on Tue, 27 Oct 2020 05:05:03 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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