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Lambert: Why I’m selling USDCAD

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May 29, 2015 cad, canada, canadian, canadian dollar, clive lambert, clive lambert futurestechs, currencies, currency, currency trading, foreign exchange, forex, forex buying, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex strategy, forex trade idea, forex trading, fx, fx award, fx crosses, fx forex, fx interbank markets, fx investing, fx market, fx markets, fx options, fx saxo bank, fx spot, fx strategy, fx trade, fx trade idea, fx traders, fx trades, fx trading, fx volatility, fxmarkets, fxoptions, fxspot, saxo, saxo bank, saxo bank group, saxo bank saxo tv, saxo bank trading, saxo bank trading floor, saxo bank tradingfloor.com, saxo bank tv, saxo trading, saxo tv, saxo tv saxo bank, saxo tv trades, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxotv, social trading, trade, trade idea, trade ideas, trade view, trader, traders, traders tale, traders tale clive lambert, traders tale saxo tv, trading, trading idea, trading risks, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor.com, tradingfloor.com insights, tradingfloor.com saxo tv, tradingfloor.com trade ideas, us dollar, us dollar bulls, us dollar index, us dollar index bearish bais, us dollar index bull, us dollar index bullish, us dollar rise, usd, usd index, usdcad

Clive Lambert from FuturesTechs is focused on the weakness in USDCAD. A shooting star reversal pattern was posted yesterday, signaling a downward trend in the currency pair. Clive notes that other technical indicators have already signaled that the currency pair was stalling. Therefore, Clive is looking to sell at CAD .1.2440. His three targets for the trade are CAD 1.2330, CAD 1.2270, and CAD 1.2140. A stop can be placed at CAD 1.2480. Clive says that it may take a couple of days, or even a week, to hit all of the targets on this trade.

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