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USDCAD Market Direction Turns Bullish

USDCAD Market Direction Turns Bullish
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USD/CAD Is in a Sideways Trend, Downward Move May Resume

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 […]

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USDCAD SHORTS AT THE WEEKLY PIVOT

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 […]

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USD/CAD Resumes Downtrend After Rejection From Level 1.2750

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 […]

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USCAD BOUNCING OFF KEY LEVEL

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 […]

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USD/Cad Reaches the Oversold Region, May Reverse at Level 1.2535

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 […]

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USDCAD rejects weekly pivot (HEDGE)

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 […]

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USD/CAD Retests Level 1.2740, Resumes Downward

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 […]

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USD/JPY Falls to Level 102.50 and Resumes an Uptrend

Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishThe USD/JPY is in an upward move. On February 3 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that the Yen will rise to level 2.0 Fibonacci extensions or level 108.18. Daily Chart Indicators […]

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