Reason for Buying USD/CAD :
USD/CAD is moving in a downtrend by forming Lower highs and Lower lows in H1 chart.
After Market breakout from the range, market starts to move up.
but on previous week friday, due to the increment of Canadian GDP rate from 0.2% to 0.6% which makes the CAD to become stronger.
This is the reason for USD/CAD to enter again into the range. but it fails to breakout the support zone 1.24
Today, market starts to move up from the support level and it breakout the top and fails to come inside into the range.
This is the reason for giving Buy Signal on USD/CAD.
Finally, market reached our Profit Target successfully.
Save your time on Analyzing the market, Start to Learn, Trade Forex market in a technical ways with the help of Forex Experts team.
Don’t Trade forex market all the time, trade forex only at good opportunities available in the market.
Save your time on analyzing the market and take your trades only at good opportunities available in the market.
If you want to receive forex trading signals at best trade setup with chart analysis, subscribe now to our forex signals.
Pingback:+704 Points Profit Reached Successfully in USD/CAD Buy Signal