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USD-CAD-LONG

A fundamental week aheadThis week The Bank of Canada (BoC) is meeting on Wednesday to discuss about monetary policy, so "but investors will be looking to see if the BoC looks to adjusts its inflation approach like the Fed to accommodate greater flexibility. Canadian labor market numbers were also released on Friday and, like the U.S., the data was mostly better than expected. Job growth beat expectations, the unemployment rate improved, the participation rate ticked higher, wages grew more than expected and most of the hiring was full time. IVEY PMI was slightly lower in August, but it could have been much worse. The Canadian dollar sold off initially but ended the day higher versus the greenback".
Long
by jonathancamilohoyos
USDCAD Go Long Entry Trigger Not Met Yet Of PostingThis trade looks very promising. The market is currently moving in a descending triangle as shown. This means lower lows and lower highs. We are currently approaching the low of the edge of the triangle. Secondly, the 50 Period EMA has been dis-respected therefore we expect it to bounce back from it. Thirdly, the market is moving above the 200 EMA supporting the trend that the market is moving in the uptrend. We are currently looking for an entry point to go long which could include a MACD signal overlap (which is looking very probable and soon) and some sort of bullish candlestick pattern.
Long
by MarlzRana
Potential USDCAD Long PositionTrading the range of the current price action. Price has displayed a higher high so if we see a lower low price may exceed the supply zone marked. The USD and indices are all rising regardless of the negative fundamentals including the nfp last week, so we can expect to see a lot of traps over the next coming weeks with the institutional market manipulation presented. As a result, I would suggest making sure your risk management is strict and followed even more so now.
Long
by jacklynch20
USD/CAD Bullish View by ThinkingAntsOkDAILY CHART EXPLANATION: 🔸 "USD/CAD Breaking the Downtrend" Daily Chart: . . 🔸 Price has been on a Descending Wedge for more than a year. . 🔸 It has broken the Descending Trendline of the Wedge today. . 🔸 We consider it has potential to reach the Resistance Zone at 1.35300, and, if this zone is broken, then the next target is the Resistance Zone at 1.36500. . 🔸 We are waiting for a lower timeframe corrective move to get involved on this pair. WEEKLY CHART ANALYSIS:
Long
by ThinkingAntsOk
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