USDCAD price has launched to the moon from the oversold region of 1.3300. The Parabolic SAR (Stop and Reverse) resting below the candles has indicated an upward trend. USDCAD Key Levels Demand Levels: 1.3520, 1.3300, 1.2980Supply Levels: 1.3690, 1.3880, 1.4000 USDCAD Long-Term Trend: Bullish USDCAD experienced stiff resistance at the 1.3800 supply zone in October. […]
Market Analysis – February 15 USDCAD remains at 1.330 after the bearish market reversal at 1.390. The bulls are unwilling to let go of the 1.330 demand level. USDCAD Key Levels Demand Levels: 1.330, 1.290, 1.250 Supply Levels: 1.370, 1.390, 1.400 The market ascended through the second half of the previous year. Three white soldiers […]
USDCAD Analysis – December 7 USDCAD buying pressure continues to intensify as buyers still coordinate to push further. As more buying activity is seen on the currency pair, the bulls are determined to extend their run. As the Canadian currency continues to weaken, the US dollar keeps gaining strength to push forward. A buying spike […]
USDCAD Analysis – November 23 USDCAD heads toward the diagonal support. The US dollar has been losing value against the Canadian dollar since the rejection at the resistance level of 1.3980. Following each break of structure in the downtrend, more bears storm the market with their sell orders. USDCAD Significant Zones Demand Zones: 1.3220, 1.2400Supply […]
USDCAD Analysis – November 16 USDCAD bulls find re-entry at a discount array. The market’s overall direction still aligns with the major trendline on the daily time frame. The trendline has been opposing the bears as they look downward. The recent pullback to the downside was due to the downcasting of USDCAD by its sellers […]
USDCAD Analysis – November 9 USDCAD seeks lower prices for buy orders in the discount zone. While the overall outlook of the market is bullish on the higher timeframe, the bears currently seem privileged to open short positions after the supply zone at 1.3980 was reached. USDCAD Significant Zones Demand Zones: 1.3220, 1.2730Supply Zones: 1.3500, […]
USDCAD Analysis – October 12 USDCAD buyers remain dominant as the market rallies upward. The overall trend became bullish after the two-year low was reached at 1.20129. Before that, the market had been gyrating within a descending channel. This descending channel began its course in December 2020. USDCAD Major Zones Demand Zones: 1.3500, 1.3220Supply Zones: […]
USDCAD Analysis – October 5 USDCAD sellers shift the market structure to the downside. The market has been in an uptrend since the second half of 2021, with prices breaking beyond every previous peak along the way. Months before the market structure shifted to the upside in June 2021, the market was typically in a […]
USDCAD Analysis – August 24 USDCAD bears finally drove the market into the demand zone at 0.9950. Since May 2021, the bears have been in charge of the market. The market has been forming lower highs and lower lows since May 25th, 2021. With the Parabolic SAR indicating both the impulsive and corrective waves, USDCAD […]
