Analyst
Intraday: Bearish
Preference: Sell position is envisaged if price trades below 1.30745 with take profit at 1.30627.
Alternative scenario: Buy position is envisaged if price trades above 1.30805 with take profit at 1.30910.
CPI m/m (CAD) 2:30 PM
BOC Monetary Policy Report (CAD) 4 PM
BOC Rate Statement (CAD) 4 PM
Overnight Rate (CAD) 4 PM
BOC Press Conference (CAD) 5:15 PM
Comment: It is a big day for the commodity supported Loonie as a number of economic data are due to be released. Recent GDP data from Canada support a dovish stance from the Bank of Canada but the recent United States–Mexico–Canada Agreement offer a slight ray of hope.
Intraday: Bullish
Preference: Buy position is envisaged if price trades above 1.10859 with take profit at 1.10945.
Alternative scenario: Sell position is envisaged if price trades below 1.10804 with take profit at 1.10699.
No major economic data with direct bearing on the pair.
Comment: The pair has found strong support around the 1.1076 price region with a strong retracement off the region envisaged in the session today. The dollar could be pressured by the reported case of the deadly Chinese coronavirus in the US raising fears of the widespread of the outbreak.
When I joined the Rally family, I had zero knowledge about forex. I attended their seminars and lectures and it was a thorough and quality experience. Talking about my success in forex , it’s a steady process , I’ve enjoyed lots of profits and a few losses. I’m grateful for the rally trade foundation I have, I look to grow from under the wings of Rally.
Kobi
I was told I could make money in my comfort zone, then I thought; “this could actually happen in my dreams”. But guess what, I made money and I’m still making money in my comfort zone with RALLY TRADE. To my account manager OLUWASEUN: thank you for keeping to your words and for being nice at the same time, thank you for having my back, you’re the best.To RALLYTRADE: thank you for this opportunity and for letting me know I could do more and better with myself..
Ebere Uzodinma
I am so much impressed not by anybody's action or motivation to pronounce my encounter with rally trade company. I would love to say this company has done so much in my life; personally. I listen to a radio station programme about a seminar/training on how to trade forex, I planned to attend though I don't believe it will work for me. After the training I got a call from one of Rally trade staff, in person of Tamuno who done so much to convince me to go in for the trade. This young girl have been so impacting since I stated the trade and she has never for once ignore my request for support and advice; I so much appreciate you...
Oluwatuyi Timileyin Samuel
THANK YOU, THANK YOU, THANK YOU Rally trade team for the excellent work you are doing. I recommend rally trade for anyone who want to profitably trade Forex on a consistent basis.
Oluwaseun Kayode
I have been with rally trade broker for one year now, they are reliable broker and they have excellent performance in term of training, customer service and prompt payment of profit withdrawal. Morealso, i am also beneficiary of one of their partner program (introducing broker) which I have been receiving payment for monthly commission on it. I recommend Rally trade to d prospective individual and company that intend to trade in forex . Thanks to Rally Trade
Adefuwa Ayodele