USDCAD! 10/30 ! Resistance H4 SELL signal

2024年10月30日

USDCAD trend forecast October 30, 2024

The USD/CAD pair continues its upward trend on Tuesday, rising 0.23% to 1.3910, near Monday’s three-month high of 1.3908. The Greenback's strength, coupled with a drop in oil prices, supports this movement. Positive US economic data has fueled expectations for Fed rate cuts in November. September’s JOLTs report was mixed but slightly below forecasts, while August home price indices exceeded expectations, indicating persistent shelter inflation.

Resistance H4 - overbought zone. In the context of the falling dollar, inflation cooling down in the US, causing the USD/XXX currency pairs to adjust down.


/// SELL USDCAD : zone 1.39300 - 1.39500

SL: 1.39800

TP: 60 - 100 - 250 pips (1.37000)


Safe and profitable trading

2024年10月30日

交易進行

USDCAD - slightly decreasing reaction around the 1.39200-1.39300 price range

2024年10月30日

取消訂單

+ 30 pips, signal SELL USDCAD( 1.39300 - 1.39500) , nice