Despite our long term trade in the EUR/CAD we also like the current looks of the 1h chart and would short the pair now. We sold at 1.4492 with SL at 1.4560 and open TP. Without major news on the CAD today we could likely leave this trade on during the FED news event.
Forecasts show that the Federal Reserve will keep rates on hold for now but questions might arise about their asset purchases given the increasingly worrisome yield curve. The FOMC event is bound to present a number of trading opportunities in the forex markets and I will be giving a free live BDSwiss webinar on the event. Watch me trade, analyse the markets and answer your questions live by signing up for my free webinar .
Risk Warning: CFDs are complex instruments and come with a high risk of losing your invested capital due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The content of this material and/or any information provided by BDSwiss Group should not be in any way construed, either explicitly or implicitly, directly or indirectly, as investment advice, recommendation or suggestion of an investment strategy with respect to a financial instrument and it is not intended to provide a sufficient basis on which to make investment decisions, in any manner whatsoever. Any information, views or opinions presented in this material have been obtained or derived from sources believed by the BDSwiss Research Department to be reliable, but BDSwiss makes no representation as to their accuracy or completeness. BDSwiss Group accepts no liability for losses arising from the use of this data and information. The data and information contained herein are for background purposes only and do not purport to be full or complete.
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