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USDCAD Signal - USD Jackson Hole - 27 Aug 2020

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Signal Details
Entry Price: 
1.3161
Take Profit: 
1.3100
Stop Loss: 
1.3195
Direction: 
Sell
How we trade
Average: 5 (2 votes)

USD/CAD is moving correctively after a downside impulse. We are anticipating further downside prior and during Jackson Hole today; Jackson Hole Symposium is a meeting forum for interested parties such as central bankers, policy experts and academics to discuss relevant economic policy and issues. Technically the pair is trading below the 1H 50,100 & 200 moving averages. We anticipate continued downside into 1.3100.

Submitted by Toni H. on Thu, 27 Aug 2020 07:09:27 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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