USDCAD – 29 April 2020 Analysis Review

This post is a review of the USDCAD analysis posted on April 29, 2020. The review is aimed at examining the different happenings in the market after the release of the USDCAD analysis on the 29th of April. This is done so as to gain knowledge and become better traders.

In line with our analysis released yesterday, the price of USDCAD pair, continued to fall and even fell beyond the next support, surpassing our expectations.

A screenshot of the post can be seen below.

After the post was released, the market continued its downward movement, surpassing our recommendation. The image below shows the state of the market a couple of hours after the post was released.

It is always advised that proper risk management be applied when trading the forex market. Do well and stay sharp trading :).

Thank you for reading! Feel free to ask questions and comment. Do well to subscribe to our newsletter to receive updates about new posts. Also, follow us on social media and avail yourself of the different tools available on this platform. You can also read more of our blog or join our forum.