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08.11.201916:05 Forex Analysis & Reviews: USDCAD – take profits!

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Good day, dear traders! Once again, my expectations were met, and the trading plan for USD/CAD was fully implemented today at the opening of the US session. Fresh unemployment reports in Canada were the expected strong driver, after which the main target was updated.

Let me remind you that in my recent review, I recommended taking positions in the purchase for updating the level 1.3206. I remind you:

Exchange Rates 08.11.2019 analysis

And that's exactly what happened on the Canadian news today:

Exchange Rates 08.11.2019 analysis

Now, you can safely take profits and expect the following interesting situations to work with this tool.

I wish you success and a good weekend!

Andrey Shevchenko
Analytical expert of InstaForex
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