Key Resistance: 1.2570 Key Support: 1.2520 There`s no need for long term view on this trade other that we are trend following here on a massive bearish market. 15M Chart Analysis Pretty simple and slam dunk day trade on the USDCAD here if price breaks with the immediate structure (bull flag) Price has rallied to […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishThe Loonie is presenting in a sideways move. Today, the market is rising to retest level 1.2700 high. Since March 1, all price movement has been stalled below the 1.2700 high. The pair is fluctuating between 1.2600 and 1.2700. Daily […]
Key Resistance: 1.2680 Key Support: 1.2600 – 1.2500 Long Term View The USDCAD has been in a very strong down move for the past few months and now it the upside has been capped by the 1.2740 which has been the weekly high of the past 3 weeks. 1H Chart Analysis This week the USDCAD […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishThe Loonie has continued its downward move. Since March 1, the downward movement has resumed after rejection at level 1.2750. On February 25 downtrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that the pair […]
Canada’s economy continued to grow during the second wave of the virus’s spread and restrictions. The GDP level in the fourth quarter was still down 3.2% from last year, but it is much better than the second quarter by 13% compared to the same period last year. While the pace of improvement slowed in December, […]
Key Support: 1.2645 Key Resistance: 1.2700 – 1.2740 Long Term View The Canadian Dollar has been super strong against the US Dollar but it has now bounced from a Key Level from February 2018 and it has depreciated 2.25% against the USD since that bounce last Thursday (USDCAD +2.25%). 1H Chart Analysis After last Thursday´s […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishThe Loonie is on a downward move. The price broke level 1.2600 to resume the downward move. Nonetheless, on February 16 downtrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the pair will fall […]
Key Support: 1.2629 – 1.2580 Key: Resistance: 1.2650(weekly Pivot) Long Term View (4H) The USDCAD is in a big bearish move, and has been for the past 3 weeks, breaking through and retesting the monthly pivot last week. Sell trades only are in play until this structure breaks. Intraday The USD/Cad has rallied from today´s […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600 Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: Bearish The Loonie is on a downward move. The downtrend was a result of the rejection at 1.2850 High. The pair fell to level 1.263 and corrected upward. The upward correction also faced another rejection at 1.2750. Nonetheless, the […]
