Daily Technical Analysis

USDCAD 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.

USDCAD Analysis Review

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.

USDCAD Analysis review

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

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