Next week brings a Monday holiday in the US as both stock and bond markets will be closed in observance of President’s Day. But after that, the economic calendar brings Fed-speak for every day next week, combined with the Wednesday release of FOMC meeting minutes from the January rate decision. Outside of that, next week’s economic calendar is rather shallow with just a handful of high-impact prints; the highlight of which is in the latter portion of the week when Central Bank heads from Canada and Australia offer commentary, going along with Japanese CPI numbers for the month of January. #forex#entrepreneur#forexupdate#usdcad
USDCAD is definitely on our watch list for this week!
From a H8 perspective, we’ve been failing to break above our psychological level of 1.3300 on this currency pair! This came after we found a strong level of support from our 1.3100 level. A 4th and final drive back into our area of interest around the 1.3280 regions with a candlestick reversal pattern is all we await. .
For now we’ll be sitting on our hands .
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🇺🇸🏦🇨🇦 Comentário sobre USDCAD - À medida que os bancos centrais em todo o mundo mudam para uma perspectiva de taxas de juros mais pacifista, os analistas estão divididos sobre o que o Banco do Canadá (BOC) fará em seguida.👉 Leia mais no Blog:
Another pair I'm monitoring. I'm waiting to see if we formulate a new lower high around the current area. Rejections from this area could see the next bearish leg unfold down to 1.32000 and maybe lower to 1.31500. Keep an eye on it! ⬇️
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Pair: EUR/NZD (Sell)
💰1 standard lot 💰
⚠️ Entry 1: 1.67744⚠️
⚠️ Entry 2: 1.67⚠️
⭕️ Exit: 1.656 ⭕️
💸 Profit: $2,415.94 💸
3 345 days ago
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