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Usdcadbuy

USDCADso this is a tricky area for cad the main thing is the trend is down so im looking and waiting for sell setups at the moment now with that being said there is equal lows meaning theres a nice amount of liquidity resting below 1.34600 area so im looking for break of that for a sell or for buyers to push price up to retest that trend line area possible even retest the orderblock for a nice move down just have to wait for the setup to break structure to the downside b4 getting in
Short
by wolf_pack
1
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD USDCAD is now quite BUY. The reason is that OIL is slightly WEAK and USD is slightly UP. Also, MARKETS RISK has been OFF again. And the US CPI data was very good. The FOMC OUTLOOK was also very POSITIVE yesterday. So now USD has become very STRONG. US RETAIL SALES DATA was also very POSITIVE. As a result, the sentiment related to USD became STRONG in recent days. But now with good DEMAND for US YEILD, USD is moving UP. US LABOR DATA is also scheduled to be released this week. Due to this reason, STOCKS can continue to move DOWN SIDE if the USD goes up like this in the coming days. USDCAD MARKET is currently RANGE because US DATA and UPDATES are POSITIVE and MARKET SENTIMENT is temporarily POSITIVE. We think it will go down to the 1.36662 level before going up again, and with the market risk off sentiment, it can go to the 1.4050 level. Anyway, USDCAD SELL will be possible up to 1.3155 LEVEL after that. We wait until the DOWN TREND CONTINUES. FOLLOW THE STRUCTURE GIVEN.
by benny_marshall
1