Buy now, recovery during the week

14 ก.ย. 2023

⭐️Smart investment, Strong finance

⭐️ USD/CAD INFORMATION:
During the early Asian trading session on Thursday, the USD/CAD continued its losing streak for the fifth consecutive day, exhibiting a negative bias around 1.3530. The decline in this currency pair could be attributed to the upward movement of Crude oil prices.

However, there was some relief for USD/CAD as better-than-expected Consumer Price Index (CPI) data from the United States (US) came out. The US CPI (YoY) increased to 3.7% from its previous rate of 3.2%, surpassing market expectations of 3.6% in August

⭐️Personal comments NOVA:
The US economy shows signs of recovery, investor sentiment is optimistic about the dollar in August. This is an opportunity for price growth.

⭐️SET UP USD/ CAD:

🔥BUY USD/CAD zone: 1.35300 - 1.35200 SL 1.34800
TP 1: 1.35600
TP2: 1.35900
TP3: 1.36500


⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.

⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest