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Usdcadanalysis

USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD USDCAD is selling quite a bit right now. The reason for that is CAD is STRONG and USD is DOWN slightly due to OIL being somewhat DEMAND. The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK. And MARKETS RISK has been OFF again for this reason. But with RETAIL SALES, ISM MANUFACTURING DATA, and FED UPDATES, this situation may change in the future. Therefore, if the FED continues to be HAWKISH, the USD can definitely go UP. So stay tuned for FED UPDATES. We think it will go up to 1.3494 level before going down again. Also, with this MARKET RISK ON SENTIMENT, the USDCAD PRICE can SELL to the 1.3100 LEVEL in the future. FOLLOW THE STRUCTURE GIVEN.
by benny_marshall
USDCAD 3h longI welcome my dear fellow readers and traders to my next analysis. We are going to see if the USDCAD will rise or if it is likely to fall further. When can you buy or is there any possibility of such a drop? When to exit? What is the reason to buy? These things we will see in this post. I saw the chart and now it is in a good place to go for a long. Although stocks have fallen sharply now, the space still has the potential to withstand further damage. If you look at the 3h chart, there is little change in price from 1.34703 to 1.33839 range. So, the market remembers this price and keeps the price change in this range. So, buying this stock at this location is the right decision. But there is also a chance to break this cycle if the stock distribution is high. Look at the chart attached for a better clarity. Perhaps, I had in my mind that if the price closed from 1.34703 to 1.33839 range, then I can enter. Now the price has closed as expected within this range. Now it is time to go long a for a while. But it is wise to follow your risk management before taking entry. I love to share my ideas. Feel free to revise the text and provide feedback. It makes it so personal and improve us in better ways. Thanks & Regards, Alpha Trading Station Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market". FOREXCOM:USDCAD
Long
by AlphaTradingStation
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