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ScholarGC

USDCAD Loonie Short

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
ScholarGC  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators loonie usddollar US USDCAD shorts Forex Technical Analysis dxy_short
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trendanalysis chartpattern indicator loonie usddollar us usdcad shorts forex technicalanalysis dxy_short
USDCAD A.k.a The Loonie Has some Further Downside Potential. After the 160+ Pip move Last Friday on Strong CA Data and Weak US Data, We saw a huge sell off and a slight pullback. On the Hourly Timeframe we have a MA Cross and A Clean Break of the Trendline. I already have some Short Running and have now added to my positions hoping to achieve the Target 2 which also coincides with the -61.8% extension target and a key area of support at 1.2200.

We Have US PPI Data Later This week. Will this Push the Loonie Down Further??

USDCAD
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