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Usdcadlong

USDCAD H1: Bullish outlook seen, further upside above 1.3650 On the H1 time frame, prices are testing the support zone at 1.3650, in line with the graphical support and 38.2% Fibonacci retracement where we could see a further upside above this level. A break above our upside confirmation level at 1.3720 which is also a supply zone could provide the bullish acceleration to the resistance zone at 1.3800. Failure to hold above the 1.3650 support zone could see prices push lower to the next support zone at 1.3550.
Long
by T3-Consultancy
USDCAD Buy The USD/CAD pair has corrected to near the critical support of 1.3750 in the Tokyo session. The Loonie asset is facing the heat as the upside momentum in the US Dollar Index has started fading now. The street is anticipating maintenance of status-quo by the Federal Reserve (Fed) next week as United States inflation has resumed its softening spell meaningfully. Scrutiny of February’s US Consumer Price Index, Employment report, Retail Sales, and Producer Price Index (PPI) figures indicate that January’s economic data was a one-time blip. The US inflation has resumed its downside journey and the joining of fears associated with the global banking crisis is stemming an unchanged policy stance on interest rates. USDCAD h1 price is in an uptrend. However, it is possible that the pair will form another short correction today before continuing to move up. Recommended to wait to buy to 1.3720, SL: 1.3680, TP: 1.3820
Long
by VTmarkets
USDCAD BUYIt’s a beautiful day, let’s take go good look at USDCAD this opportunity is so clear so basically we are looking to Buy on this analysis, clearly on the 1hour Time frame we have a trend line breakout and we are waiting for a retest confirmation or price retracement back to either 1.37789 which is our 1HR S:1 area or 1.37468 which is our 1HR S:2, and we are expecting price to hit our daily Resistance Zone which is the Tp 1.39771, so let’s wait patiently for price confirmation and also candlestick behavior to occur. Thanks guys drop a Comment on what you think about USDCAD or my Analysis
Long
by GoCrazyfx0
2
USDCAD Buy WASHINGTON: U.S. Treasury Secretary Janet Yellen on Sunday said she was working closely with banking regulators to respond to the collapse of Silicon Valley Bank and protect depositors, but a major bailout was not being considered. Yellen told the CBS News “Face the Nation” show that she had been working with regulators to “design appropriate policies to address the situation,” but declined to give further details. USDCAD h1 price is sideways in the 1.3760-1.3860 zone. Currently, the price is approaching the support area of ​​1.3760 and shows signs of turning up again. Recommended buy to current price 1.3765, SL: 1.3730, TP: 1.3830
Long
by VTmarkets
USDCAD LONGWe are currently looking for buying opportunities on USDCAD. This is because the pair has become bullish on multiple time frames. We also see a breakout of a daily time frame trendline. When we look left, we can see the pair has been largely bullish but in recent weeks and months we have seen a lot of correction and sideways movements. Could this be the trendline breakout that might send USDCAD higher? Only time will tell. We will be looking to enter this trade and hold the position for the next 3 to 4 weeks at 2% risk per trade.
Long
by NDOBObanks
1
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 the 1.4000 level before going down again. Also, with this MARKET RISK ON SENTIMENT, USDCAD PRICE can SELL to 1.3531 LEVEL in the future before BUY. FOLLOW THE STRUCTURE GIVEN.
by benny_marshall
Battle of the Bankers: USD/CAD in FocusThe USD/CAD might be a popular pair to trade this week with the Bank of Canada (BoC) releasing its latest interest rate decision at the exact same time that US Federal Reserve Chairman begins the second day of his Semiannual Monetary Policy Report to Congress. These events coincide at 10am Wednesday (EST). The Bank of Canada is expected to maintain its interest rate at 4.50%. In its previous meeting, the Bank announced its eighth consecutive rate increase but also mentioned that it would take a break to observe the economy's response to higher borrowing costs. The Bank stated that it plans to keep the policy rate at its current level while assessing the effects of the cumulative rate hikes if economic developments align with the Monetary Policy Report outlook. However, this pause is subject to change, and the strong job numbers for January, which indicated the addition of 150,000 jobs, as well as resilient consumer spending could persuade the Bank to opt for a rate hike instead of a pause. If the BoC fails to surprise, it might be what it signals for its meeting next month that becomes the more interesting focal point on Wednesday. Jerome Powell, the US Federal Reserve Chair, is scheduled to testify before the Senate Banking Committee and House Financial Services Committee on Tuesday and Wednesday morning. During these hearings, he is expected to face tough questions regarding inflation and potential future interest rate increases. This will be Powell's initial testimony since the Republican Party gained control of the House. Furthermore, on Friday, the February US Non-Farm Payrolls report is predicted to reveal the creation of 200,000 jobs in the previous month. This marks a deceleration in job growth compared to January's surprising surge, which added 517,000 jobs to the economy in the first month of the year.
by BlackBull_Markets