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Usdcaddaily

USDCAD Daily Long Term Buying IdeaHello Traders In This Chart USDCAD DAILY Forex Forecast By FOREX PLANET today USDJPYD analysis 👆 🟢This Chart includes_ (USDCAD market update) 🟢What is The Next Opportunity on USDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
Long
by forexplanet797
USDCAD: The influence of USDThe BoC takes a more dovish path The Bank of Canada flagged areas sensitive to rising interest rates like the housing sector. The BoC noted that housing activity has fallen sharply and household spending is falling. Furthermore, in the released statement prior to the Q&A BoC’s Macklem stated that the tightening phase will draw to a close, ‘but not there yet’. He added that they expect growth to fall in the next few quarters. As a balance to this statement, the BoC still stated that policy interest rates will need to rise further to counter elevated inflation. The Council also repeated that the bank’s preferred measure of inflation (core) is not showing meaningful signs of price pressure easing. So, this means the BoC is starting to start thinking about slowing the path of rates. This is a more dovish stance from the BoC and should allow the CAD to weaken somewhat over the medium term. After the rate statement, Governor Macklem highlighted that he expected a ‘significant slowing of the economy to occur’.
Long
by Jiren-SphynChannels
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USDCAD: US Dollar's position as the primary global reserve curreThe Return of the Sellers Over the past two decades, the US Dollar's market share has declined from 71 percent to 59 percent, and it may continue to reduce further in the future. This has a negative impact on the United States since global currency usage is a zero-sum game. When other currencies like Yuan, real, or Rupee are used in global trade, the US Dollar is left out. If other currencies gain more prominence, it may compromise America's dominance in the global market.
Short
by Jiren-SphynChannels
USDCAD: Nice entry for Buy-er!Fundamental Overview If the Federal Reserve meeting were held today, it is likely that they would maintain the current interest rates due to the ongoing uncertainty surrounding the banking sector. However, it's important to note that market conditions can change rapidly. If the upcoming weekend remains stable without any urgent need to rescue failing banks, there is a good chance of a 25 basis points rate hike. The Federal Reserve tends to increase rates until economic instabilities arise. In the case of only SVB, persistently high inflation could trigger further rate hikes. This would result in a stronger US Dollar, which could eventually lead to a decline in stock markets once the relief rally surrounding no new bank failures subsides. Plan trade in the intro
Long
by Sphyn-Trader
USDCAD - Inflation cooling ?Hello Traders, Hope everyone is having a great April, our views on #usdcad are simply as per the chart. Should price remain above 1.33500, could see buys continue to 1.35000 price handle. Risk to reward 1:2.2 Chart indicators show points of interest / control PML = Prior Monthly Low and vice versa for PMH PWL = Prior Weekly Low and vice verse for PWH Let's see how this week finishes! Supporting Economic news : Canada’s annual inflation rate fell in March, according to a recent report by Statistics Canada. The rate dropped from 5.2% in February to 4.3% last month, with the decrease attributable to higher mortgage interest costs being offset by lower energy prices. Gold prices hovered around key levels in Asian trade on Wednesday as markets awaited more cues on U.S. monetary policy from a string of upcoming Federal Reserve speakers and reports. The yellow metal retook the HKEX:2 ,000 level on Tuesday as the dollar and U.S. Treasury yields cooled after a recent recovery rally. But further gains were held back by growing uncertainty over the path of U.S. interest rates, with recent hawkish signals from Fed speakers having spooked markets. Crude oil inventories Initial jobless claims CAD Core Retail Sales Could so mean possible downside in the #crypto market? As always, only trade what you can afford to lose. Trading Path
Long
by EvaultFinancialGroup
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD USDCAD is now quite BUY. The dollar started to strengthen slightly because of the short-term POSITIVE SENTIMENT for the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that the FED is still MONITORING INFLATION DATA. We think it will go up to 1.3585 level before going down again. Also, with this MARKET RISK ON SENTIMENT, the USDCAD PRICE can SELL to the 1.3300 LEVEL in the future. FOLLOW THE STRUCTURE GIVEN.
by benny_marshall