USDCAD Potential for Bearish Drop to recent swing low
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.TitleUSDCAD, H4 | Potential for Bearish Drop to recent swing low TypeBearish Continuation Preference:Looking at the H4 chart, my overall bias for USDCAD is bearish as there is a descending trend line. Looking […]
USD/CAD to move downward to 1.255 by year-end – BofA
Share: Will USD/CAD eventually fall in 2023? Economists at Bank of America Global Research expect the pair to dive towards 1.25 by the end of the year. USD/CAD Q1 forecast remains at 1.32 “We maintain our downtrend USD/CAD forecast for the year despite the Bank of Canada rate hike pause.” “We believe the […]
USD/CAD Rally Gathers Steam Following Wedge Breakout
USD/CAD PRICE, CHARTS and ANALYSIS: Recommended by Zain Vawda Download the Updated Q1 2023 USD Forecast MOST READ: USDCAD Offers a More Direct Contrast on Rates Post-Fed USD/CAD FUNDAMENTAL OUTLOOK USD/CAD has continued its upside move today amid a strong follow through from the dollar index. The European session saw gains capped as WTI oil […]
USDCAD: Elliott wave analysis and forecast for 03.02.2023 – 10.02.2023
2023.02.03 2023.02.03 USDCAD: Elliott wave analysis and forecast for 03.02.2023 – 10.02.2023 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider long positions above the level of 1.3026 with a target of 1.3700 – 1.3975 once a correction formed. Alternative scenario: breakout and consolidation below the level of 1.3026 will allow the pair to continue declining to the levels […]
USD/CAD Price Analysis: Gains traction and tests the 100-day EMA at around 1.3410
USD/CAD climbs in the North American session after hitting a daily low of 1.3311 before Wall Street opened. Nevertheless, a strong US jobs report bols Source link
USD/CAD pares Wednesday’s losses and climbed back above 1.3300 on a buoyant US Dollar
The rate hike by the US Federal Reserve tumbled the USD/CAD to new YTD lows. Falling oil prices and solid US labor market data underpinned the USD/CAD. USD/CAD traders are eyeing Friday’s US Nonfarm Payrolls data alongside ISM Non-Manufacturing PMIs. USD/CAD is recovering some ground after posting minimal losses Wednesday, which sent the pair into […]
Bears move in and eye a break of critical support
USD/CAD bulls look to the 50% mean reversion target of the bearish impulse. Bears eye supports below 1.3300, targeting 1.3250/20 and then 1.3200 / 1.3150. USD/CAD has blown off on Tuesday as preliminary domestic data showed the economy growing at a slightly faster pace than the Bank of Canada expected in the fourth quarter. This brings us […]
USDCAD Offers a More Direct Contrast on Rates Post-Fed
USDCAD, Interest Rates and FOMC Rate Decision Talking Points: The Market Perspective: USDCAD Bullish Above 1.3200 The top event risk for Wednesday, and arguably the entire week, is the FOMC rate decision. Though, as much volatility as it can generate, trend development will be troubled There is plenty of additional US event risk after the […]
USDCAD Final Leg of Triple Zigzag Begins
Just like a few weeks ago, USDCAD formed a correction triple zigzag consisting of cycle waves w-x-y-x-z. The first four sub-waves w-x-y-x are fully completed. The final actionary sub-wave z is being built. The wave z takes the form of a primary double zigzag Ⓦ–Ⓧ-Ⓨ. vAt the moment, prices are in the […]
USDCAD, H4 | Potential reversal off a key support |
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