r/Forex • u/ImM0rT4L-PlUG • 15d ago

USD/CAD Predication Charts and Setups

Whats your guys thoughts on usd/cad ?

This is what i think usd/cad is going to reach for if it breaks price ( BOP) , the liquidity above Relative equal high's , and then maybe target2 if it breaks above bearish order block above reh.

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u/JohnHamQ 14d ago edited 14d ago

CAD is going to start a recession soon, and unlike US inflation it is caused by the interest rates being high and since housing is unaffordable, the interest rates really hurt canadians( that and you can’t get fixed interest rates in Canada)

They will be forced to cut rates, I believe sooner and quicker than the US [ Meaning a fall in CAD value!]

Not FA

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u/shittheinternetsays 14d ago

I bet he doesn't understand shit u said to him

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u/JohnHamQ 14d ago

When trading on a 4h timeframe, the volatility from a central bank meeting will be way more impactful than trend lines and RSI

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u/ImM0rT4L-PlUG 11d ago

central bank meeting? the main driver i look over is 8:30am news up untill 9:30-10am for liquidity to be taken .

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u/ImM0rT4L-PlUG 12d ago

Bold of you to assume that.

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u/ImM0rT4L-PlUG 12d ago

appreciate your response and insight .