⭐️ Smart investment, Strong finance ⭐️ USD/CAD INFORMATION: The USD/CAD pair consolidates gains above 1.3650 in Asian trading hours, supported by stronger-than-expected US inflation. The Greenback reached a yearly high of 105.30. Investors are watching for cues from the US Producer Price Index (PPI) later today, with estimates of a 2.2% YoY increase in the...
⭐️ Smart investment, Strong finance ⭐️ USDCAD INFORMATION: During the early Asian session on Wednesday, the USD/CAD pair ends its four-day losing streak. The recovery of the pair is supported by positive US job openings and consumer confidence data, which contribute to the strengthening of the US dollar (USD). The focus is now on the Federal Reserve (Fed)...
⭐️ Smart investment, Strong finance ⭐️ USD/CAD INFORMATION: During the Asian trading hours on Thursday, the USD/CAD pair is experiencing a stronger performance. This improvement can be attributed to the increased demand for the US Dollar (USD) and the decrease in oil prices. Currently, the USD/CAD is trading at 1.3605, representing a 0.09% decline for the...
We have a trend that proceeded a long period of accumulation. I think that this trend will be short lived. Maybe one more level of pop up near or above my levels. At some point in time in the near future, I'm looking for a great portion of the trend which took a long to time get up, to be taken out in a very short period of time. Maybe a single session or full day...
USDCAD meets its first monthly resistance test at 1.37900 since breaking through around a staggering two years ago (9 March 2020). Although the following weekly resistance at 1.46294 gave way for USDCAD to dip back below its first breakout of 1.37900 halting any further upswings. My only concern is a scenario where price gains enough bullish strength and...
Short USDCAD a 1.3120 ,sl at 1.3175 tp at 1.2909 CAD Interest rates at 3.25% as announced yesterday I expect price to go lower.
As we can see the price has been moving in a bullish direction for several days. We are starting to see signs of potential market exhaustion which could signal a potential reversal. There has been a change in market structure from bullish to bearish as we can see from the breakout of the key level. The entry for this trade was at the test of the key level and the...
Bat pattern formed this week to offer up a short position on the USDCAD 4H Entry at: 1.28176 Stop loss at: 1.29091 Target 1 at: 1.26676 Target 2 at: 1.25667 Targets will be moved to account for extension of D leg
A head & shoulders pattern has formed on the USDCAD and a brakeout occured on Jan 11 2022. We are now at a retest of the neckline, a Stoploss should be set above the right shoulder and a Takeprofit @ 1,2265.
Short USDCAD @ 1.23787, nice pullback to my 60% Kill Zone.
Massive rejection zone at 1.29000 , I am expecting USD/CAD to short into lower levels such as 1.21600 to gain some strength before attempting to break the 1.29000 barrier.
USD/CAD fib retest and short into Lower levels.
Fibonacci retest and short continuation into 1.21500
US OIL INTO 64.50 PER BARREL, AFTER RETEST OF SUPPORT LEVEL . THIS MEANS USD/CAD WILL FALL, TARGETING 1.21300 LEVELS AFTER COMPLETING FIBONACCI RETESTS.
Ride the downtrend on USDCAD, Short USDCAD once price reaches upside the channel
Short position setup on USDCAD below 1.2610, targets at 1.2545 to 1.2510