joseafab

GBPCAD Trade Idea

FX:GBPCAD   英镑/加元
Oil prices are being hit by the reinstated lockdowns around the globe. That being said, the top oil producing countries are probably not stoked about this, and Canada is not the exception. Canada is the 4th biggest oil producing nation, so it's economy relies significantly on oil production. Consequently, the Canadian Dollar could be weakening in relation to other currencies. Technically speaking, the last bullish push broke the previous structure, so the pair should maintain a bullish volume until the price reaches the closest fresh Supply Zone. Although, fundamentally speaking, I don't feel that we have enough data to make trustworthy forecasts about this pair.

I will personally not be trading this because of the previously mentioned reasons, but it will be interesting to see if the price moves accordingly.

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。