Currently set to No Index
Currently set to No Follow
Wednesday, May 25, 2022

Bullish Engulfing Candle formed in USDCAD higher low zone
1 mins well spent

USDCAD Analysis

USDCAD starts to bounce back from the higher low zone.

A Big bullish Engulfing Candle closed above the highs of last (previous) 2 bear candles. This confirms the Buyers Pressure.

USD up lift from the bottom zone

US dollar surges as higher as positive US PMI data release.

Vaccine hopes help the US dollar to get stronger. But the stimulus is required for economic recovery.

Barclays reports as Brent crude will reach $53 per barrel and WTI at $50 per barrel. January month output increase also postponed to 3 months later by OPEC+ nations.

Crude oil WTI barrel containing Full of oils in black color

This activity boost economy during the recovery period. Oil prices increasing in 2021 may trigger a boost up for the Canadian dollar. The Canadian economy based on Oil output and oil prices fluctuations.

Get Each forex signal with Chart Analysis and Reason for buying or selling the trade which helps you to Trade with confidence on your trading account.

Want to boost your profits? Get more trading signals at premium or supreme signal plan at an accurate time. Try now: forexgdp.com/forex-signals/

 

 

 

Also read

75% Special Offer for Forex Signals

X