[Forex] USD/CAD Trade Analysis - Printable Version +- Hack Forums (https://hackforums.net) +-- Forum: Money (https://hackforums.net/forumdisplay.php?fid=241) +--- Forum: Markets, Finance, and Investing (https://hackforums.net/forumdisplay.php?fid=281) +--- Thread: [Forex] USD/CAD Trade Analysis (/showthread.php?tid=5183498)

USD/CAD Trade Analysis - TheX182 - Feb 25, 2016 Hey guys! I am presenting a trade analysis for USD/CAD. I think its a idea for a short term trade or even a long term trade. Since the USD/CAD is extremely bearish and it will break lower that normal I think it will be a good opportunity for a sell. Since you can see at the chart bellow it made a great fall on Feb 24 and its falling since. Thats why I think the lowest it will fall will be 1.3500. But as I say this is just my thought.. And if you are looking for a short term trade your goal should be 1.3500. But I also read some news about the USD/CAD and looked at other analysis and I found this article published on forexnews.com called "Top trade idea for February 25th, 2016 - USD/CAD" in which it said that the top goal for the trade should be 1.3350 to make good profits and a stop loss on 1.3850 in case it should invalidate this scenario. Chart picture (I made it a link because the picture is huge) Original article link thats published on forexnews.com So the choice is yours but I would advise you to make a goal of 1.3500 and the max of 1.3400. And definitely Sell! I hope my predictions and analysis wont turn out wrong. Please comment below for your thoughts. Thanks and Greetings! * - NiktoKan - Feb 25, 2016 Just open a short position for USD/CAD. Thank you for your tips. * - jont - Mar 6, 2016 Forex can be subject to a lot of macroeconomic things that are hard to evaluate (e.g. politics, commodities, economies). It might be easier to follow George Soros's lead with the RMB and USD.