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Usdcadsignal

USDCAD: Rallies to be sold?!USDCAD Intraday - We look to Sell at 1.2630 (stop at 1.2690) Previous support located at 1.2500. Previous resistance located at 1.2600. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.2630, resulting in improved risk/reward. A move through 1.2540 will confirm the bearish momentum. Our profit targets will be 1.2500 and 1.2475 Resistance: 1.2600 / 1.2630 / 1.2650 Support: 1.2500 / 1.2475 / 1.2450 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Short
by VantageMarkets
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS- JPY FEATURE is currently on the rise. Somehow it will come back up. The main reason for this is that the MARKET SENTIMENT RISK ON TONE is still playing. But JPY MARKET is now CORRECTION and we see the nature of it. JPY FEATURE stands at 0.0078 LEVEL. According to the JPY ECONOMIC PROJECTION, JPY can be WEAK in the future as well. But if the MARKETS RISK continues to be ON, the USDJPY price may go up further. USDJPY stays higher than DYNAMIC LEVELS. - Currently the OVERALL MARKET is RISK OFF. STOCKS is currently showing a NEUTRAL BIAS. And the VOLATILITY is getting a bit UP. Also COMMODITIES still shows a UP SIDE BIAS. Currently there is only one RISK OFF TONE in the market. Therefore, all currencies such as NZD CAD AUD can definitely be DOWN in the future. Also JPY CHF can be UP. - USDJPY PRICE can be REJECT from 129.444 LEVEL. For VOLATILITY UP, and JPY FEATURE UP. If MARKET RISK OFF, it is very easy to continue falling to USDJPY 123.414 LEVEL.
by benny_marshall
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS⛔️ DXY is currently at 103.69 LEVEL. USD has become STRONG with RATE HIKE SENTIMENT in the last few days. Also, the CAD FEATURE is slightly up to 0.7688 LEVEL. However, CAD is a bit WEAK compared to DXY. ⛔️ Currently the OVERALL MARKET is RISK ON. STOCKS is currently displaying a GREEN SIDE BIAS. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES still shows a UP SIDE BIAS. Currently there is only one RISK ON TONE in the market. Therefore, all currencies such as NZD CAD AUD can definitely be UP in the future. Also JPY CHF can be DOWN. ⛔️ USDCAD PRICE can be DOWN to 1.2879 LEVEL before re-UP. Then the USDCAD PRICE can be UP again up to 1.3167 LEVEL. The USD is slightly stronger at this time due to the MARKET SENTIMENT. But over time, that is likely to change. The OIL PRICE applies to USDCAD, and the decisions made in OPEC MEETING will have the greatest impact on USDCAD. It could be a DXY CORRECTION in the future because it has been BUY for the last few days. So stay tuned for that.
by benny_marshall
USDCADThe US dollar has pulled back a bit during the trading session on Wednesday after the Federal Reserve raised interest rates by 50 basis points. This was widely expected, so that was knocking to move the needle much. That being said, the market is likely to continue to see a lot of questions asked as to where we are going to go in the future, but I think at this point we are more likely than not going to continue to see more of the same back-and-forth that we have over the last several months. Quite frankly, not much has changed as the 1.29 level has held quite significantly. Underneath, the 1.25 level is massive support, so the fact that we are at the top of the range should not surprise people in the sense that it has turned things around. If we were to break above the 1.29 level, then it would be very bullish for the US dollar, but it should be noted that the crude oil market was very strong during the day, and therefore I think it is very likely that we drift lower from here. I would not necessarily suggest some type of meltdown, just a continuation of the overall range-bound trading that we had seen. In other words, I think is going to be more of the same. Keep in mind that this pair does tend to be very choppy as the two countries do so many cross-border transactions, but if you are a range-bound trader this might be the best place to be right now. We have clearly defined levels that we can pay close attention to, and as long as that is going to be the case I see no reason to fight what could be a very lucrative market. You need to be a bit cautious about overextending yourself because we do get the occasional violent move, but at this point, it is obvious that there are buyers and sellers at very distinct points on this chart, which is part of what makes it so interesting. I do not see this market breaking out, but if we were to clear the 1.30 handle, then we could start moving to the upside, in a very dangerous “risk-off” type of situation. You would probably see the oil markets under serious pressure at the same time.
by SmoothJB