USDCAD Short Idea

Jonathan Kibbler, September 10th, 2017

USDCAD continued to move lower as BOC raised interest rates to 1.00% seeing investors run to the Canadian Dollar. Technically we are watching for a pullback into the lows and 38.2 fibonacci retracement before looking for a short opportunity.

Jonathan Kibbler

About the author: Jonathan has been professionally trained by two hedge fund managers in London and has grown a strong passion for financial markets. His trading strategy combines Daily, 4HR and 1HR charts with top down analysis to generate trading ideas.



Disclaimer: Trading involves the risk of loss of capital and is not suitable for everyone. As many companies provide high leverage you should be aware you could lose substantially more than your initial investment. The content of this post should only be considered a guide. Views, opinions or content contained is purely the opinion of the author. It is provided solely for information purposes and does not constitute investment advice or a solicitation to trade or invest. Previous performance is no guarantee of future performance. You should carefully consider the inherent risks, your financial situation, your investment objectives, level of experience, and risk appetite. You should ONLY risk capital you can afford to lose. It is imperative you should seek advice from an independent financial advisor if you have any doubts. Although every effort has been taken to ensure that all content included is correct, we cannot guarantee its accuracy.

Spread bets and CFDs are leveraged products and can result in losses that exceed deposits. Please ensure you fully understand the risks and take care to manage your exposure. Learn to trade