FOLLOW UP CHART- Almost reached the target but the price reverse

Feel free to check my USD/CAD history analysis and updates by clicking the small arrow/dot in the chart.

Currently, it looks like a bearish continuation. Please don't trade this analysis blindly because this price is a terrible price to enter a short position, find a good entry on the lower time frame.

I sent this chart below to my clients. Here's our recent trade on June 8, 2020. It was a GREAT trade.

Catalyst: CAD CPI, CAD Core retail sales and Powell

Trade active:

USD Core Retail Sales m/m 12.4%
USD Retail Sales m/m 17.7%

Trade active:

US Jobless Claims 1508K

Comment:

US CB Index 2.8%

Comment:

Fed's Powell says economy's path ahead likely to be challenging - Source Reuters

Trade active:

Just in:

US Jobless claims 1480K
Final GDP -5.0%
Durable goods order 15.8%
Core Durable Goods Orders 4.4%

Comment:

U.S. Federal Reserve Announces It Will Cap Dividend Payments And Bar Share Repurchases In the Third Quarter For 34 Largest Banks - Source LiveSquawk

Trade active:

Just in:

USD
Core PCE Price Index m/m 0.1%
Personal Spending m/m 8.2%

Trade active

Trade active:

Just in:

USD
Average Hourly Earnings m/m -1.2%
Non-Farm Employment Change 4800k
Jobless rate 11.1%
Jobless claims 1427k

Trade active:

Just in:

USD
Final Services PMI 47.9
ISM PMI 57.1