USDCAD Long Term Forecast (US Dollar to Canadian Dollar rate) - BUY(Long)

USDCAD Long Term Forecast (US Dollar to Canadian Dollar rate) - BUY(Long) - Forex Trading Today

Saturday, January 05, 2019

The Canadian dollar is soaring. There seems to be no reason to be strong. If USDCAD falls further, it is likely to be a good buying opportunity. The Canadian dollar will continue to decline against the US dollar in the long term.

USDCAD Forecast and Trading (US Dollar to Canadian Dollar rate):
Long Term BUY(Long)

Eentry Price below 1.318
1st Target Price 1.44 (+0.122pt, +9.26%)
2nd Target Price 1.577 (+0.259pt, +19.65%)
Stoploss Price 1.303 (-0.015pt, -1.14%)

[USDCAD monthly chart]

USDCAD Long Term Forecast (US Dollar to Canadian Dollar rate) - BUY(Long)

Position Trading : hold a position for the long-term (weeks to months and years) to profit from the move in the primary trend.

Swing Trading : a short-term(days to a couple of weeks) trading method and focuses on taking smaller gains.

Day Trading : Day trading could make it possible for trader to get some good profits fast. However, it can be very risky.

It is very difficult to do and demands a high level of concentration. Trader has to sit in front of computer screens and practically glue their eyes to the price action.

Day trader should use a risk-management method keeping capital losses to a minimum. Again, day trading could be Very Risky.

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USDCAD Long Term Forecast (US Dollar to Canadian Dollar rate) - BUY(Long) - Forex Trading Today