USDCAD Analysis – November 2 USDCAD buyers await a re-entry level at the discount array on the daily chart. The market’s outlook is bullish. The bullishness could be traced back to prices’ reaction to the daily bullish order zone created in the range market in April. USDCAD Significant Zones Demand Zones: 1.3220, 1.2400Supply Zones: 1.3590, […]
USDCAD Analysis – October 26 USDCAD bears storm the market as the MACD heads downward. Though with obvious resistance, the bulls have been quite dominant in the market since June 1st, 2021. For over one year, the intention of the bulls to break the 1.2950 resistance could be seen as they tremendously hit it at […]
USDCAD Analysis – October 19 USDCAD sellers aim lower following a bearish divergence’s indication at the 1.3910 supply zone. At the first bounce off the demand zone at 1.2960, prices began to expand upward. Towards the end of last year, USDCAD bounced off this level as it got crashed to the downside by the […]
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: […]
The USD/CAD pair restarted a bullish climb on Thursday, as the US Federal Reserve maintains its focus on slashing inflation rates and ignoring the possibility of triggering a recession, as expectations for a Fed pivot declined, which was evident in losses recorded by US equities. At press time, the USD/CAD pair trades near a three-day […]
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 […]
USD/CAD now moving sideways following its printing of a new twenty years height of 1.3623 during the Tokyo session. The pair is getting set for a new Rally as it is anticipated to advance its 4 days straight gaining. We can’t eliminate the possibility of a minor corrections as the pair keeps moving higher while […]
USDCAD Analysis- September 21 USDCAD buyers aim at the 1.3720 supply zone as they keep rallying prices higher. The current market’s order flow is bullish. The bullishness began typically after sweeping off liquidity below a diagonal support on the 1st of June. Before the fake-out, the market was in a downtrend. With the swing impulse […]
USDCAD Analysis – September 14 USDCAD bulls aim to break through the 1.3220 resistance level. Since the beginning of the year, the USDCAD has kept the market bullish. Participants in the USDCAD have been sceptical of determining the market’s bias with much precision as they reluctantly drive USDCAD to the upside. As the 1.3420 attracts […]
