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EURCAD 24-6-2018

see928 Posted 24 June  in #Trader's blog #Dukascopy #Opec #Eurcad #Tradercontest
Hi traders,
EURCAD hit the highs after OPEC news 1.5583 but then price has been rejected and heading south after the news.
Attached below is the chart of EURCAD. If price successfully break down the trendline and stays below the 1.5420 level, the move most likely will extend much lower to around 1.5300s
Let's see how the market decides this week.
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USDCAD after OPEC's decision

see928 Posted 23 June  in #Trader's blog #Dukascopy #Usdcad #Opec #Tradercontest
Hi traders,
The Organization of the Petroleum Exporting Countries agreed on Friday to rein in member production cuts, essentially lifting output to help make up for an expected shortfall in global supplies. The expected output increase, however, appears likely to be smaller than market participants had expected.
This news at first pushed USDCAD much higher to 1.3381 but then after hitting that level it has been a bearish ride since.
Late during US session, the price still goes down and it close …
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