In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we have a look at USDCAD and US Equity Weakness.
USDCAD
The first opportunity to focus on is the USDCAD. This market has been in a technical daily uptrend since the end of September. There is potential to see upside continuation in line with the trend above yesterday’s high price of 1.3200.
US Indices
The other markets we will be looking very closely at are the US Indices. All of these have seen prices move lower yesterday, with the potential for prices to continue lower below yesterday’s low of 2628 in the S&P 500. That same level is 6620 in Nasdaq and 24787 in Dow Jones.
USDCAD and US Equity Weakness – Full Video Analysis
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