USDCAD Market Outlook | Daily Forex Market BreakdownUSDCAD
Looking very interesting! Keeping a very close watch on this pair. I need to see how it plays out a bit more, but it is looking like a really nice setup is forming.
Usdcaddaily
USDCAD Market Outlook | Daily Forex Market BreakdownUSDCAD
Not much movement at all. Still going sideways. That being said UC does look like in the long term we are going to have some really nice set ups coming our way. Patience will be absolutely key. As always if I will update as needed!
USDCAD reversed from resistance, potential drop!
USDCAD reversed off its resistance at 1.31684 where it could potentially drop further to 1.31047.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD potential reversal!
USDCAD expected to rise up to 1st resistance at 1.32024 where it could potentially react off and drop down to 1st support at 1.31000.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD bounced from support, potential for a further rise!
USDCAD bounced off 1.31161 where it could potentially rise further to 1.33450.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD reversed from resistance, potential drop!
USDCAD reversed off its resistance at 1.32024 where it could potentially drop further to 1.31000.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD bounced from support, potential for a further rise!
USDCAD bounced off 1.31000 where it could potentially rise further to 1.32024.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD Trading Plan >H1 USDCAD Trading Plan >H1
Trading CFDs on margin carries high risk.
Please ensure you fully understand the risks.
USDCAD bounced from support, potential for a further rise!
USDCAD bounced off 1.31000 where it could potentially rise further to 1.32024.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD reversed from resistance, potential drop!
USDCAD reversed off its resistance at 1.32024 where it could potentially drop further to 1.31000.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD INVERSE HEAD AND SHOULDERS BUY SETUPWe have a possible long opportunity coming with USDCAD. It has a Inverse Head and Shoulders pattern possibly forming on the daily chart. You can look for buys on lower time frame to ride it up or look for a break once price breaks the neckline.
USDCAD potential reversal!
USDCAD expected to rise up to 1st resistance at 1.32024 where it could potentially react off and drop down to 1st support at 1.31000.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD reversed from resistance, potential drop!
USDCAD reversed off its resistance at 1.31940 where it could potentially drop further to 1.31000.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Bullish positioning on CAD is slowly diminishingUSD still enjoys high carry 2.6% vs EUR over, making short USD positioning unattractive. No currency in the G10 FX space offers a higher yield than the dollar.
Market expectations earlier in the year that policymakers will not be able to fulfill their tightening ambitions turned to bets that the next move in interest rates will be down as the economic outlook deteriorated while the trade war saga dragged on.
USDCAD reversed from resistance, potential drop!
USDCAD reversed off its resistance at 1.31940 where it could potentially drop further to 1.31000.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD approaching support, potential for a bounce!
USDCAD is expected to drop to 1st support at 1.31412 where it could potentially react off and up to 1st resistance at 1.31935.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
