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Usdcadshort

USDCAD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD USDCAD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Short
by tradergyan01
USDCAD Weekly viewThe US dollar rose against its major trading partners early Friday, except for a decline versus the yen, ahead of the release of personal income, spending, and price data and advance trade and inventory data, all for February, at 8:30 am ET, with most US markets closed for Good Friday. Chicago PMI and Kansas City Federal Reserve services data for March follow at 9:45 am ET and 11:00 am ET, respectively. Updates to the Atlanta Fed and St. Louis Fed GDP nowcast series are expected around midday. Fed Chairman Jerome Powell is scheduled to participate in a live discussion on monetary policy at 11:30 am ET after comments from other Fed officials this week that there could be fewer rate cuts this year than previously forecast due to stronger-than-expected data. Powell is also likely to be asked about the PCE price data released earlier in the day and the impact of the collapse on the Francis Scott Key Bridge in Baltimore earlier this week on the supply chain and inflation. San Francisco Fed President Mary Daly will make opening remarks before the discussion with Powell begins.
by FXBANkthe8055