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Usdcadforecast

A wary approachThe market has been extremely bearish before creating the 1.33006 and it’s been fairly extremely bullish and even created three bullish drives to strengthen this bullish market. On the 4h timeframe price the market made a nice internal liquidity sweep by a shooting star candlestick followed by a doji, but here we are having multiple reversal candlesticks which creates a slight indecision, however, a bearish movement is expected to at least level 99.44, I believe some already executed here…
by tokelohomi
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