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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
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