USDCAD Analysis – June 22 USDCAD continues undulating in an uptrend. The market has been cranking between the borders of an ascending channel for a while, and it is set to continue similarly. Presently, the market has bounced off the lower frame of the channel on the 8th of June and has risen to the […]
USDCAD Analysis – June 8 USDCAD bears overturn the market in their favour as the price breaks out from the lower border of its triangle design. The market was initially riding a bullish wave as it undulates through an ascending channel to violate the upper frame of the triangle. However, on reaching the 1.30330 critical […]
USDCAD Analysis – June 1 USDCAD bears have reconstructed the market to push momentum in their favour. Buyers were assumed to have full control over the market. They had interrupted the bearish flow below the triangle pattern and redirected the market upward. After that, the market enjoyed a period of an unabated uptrend that breaks […]
USDCAD Analysis – May 18 USDCAD is trudging upward as the price seeks to break out from its triangle pattern. The triangle system was evenly contested, but the bulls always had the bias. Notwithstanding, the bears delivered the first blow by pushing the price to the downside of the triangle. However, the bulls used their […]
USD/CAD experienced a to – fro movement during the Tokyo trading period following a pure upward trend yesterday. The increase in the value of the buck has caused the pair to rise to about 1.2600 price level following a strong rise from 1.2460 Price level. An exceptional act by major banks as chances of the […]
USDCAD Analysis – April 13 USDCAD has resumed a bullish run after its last bullish run for the previous year ended in November. This occurred after the distribution in the market that led to the demand zone at $1.2300. The dollar increased in value as the buying pressure increased at the demand zone. The Moving […]
USDCAD Market Analysis – April 6 USDCAD break and retest of trendlines in the market confirms the change in market direction. The demand zone at $1.230 was used to start an upward move in the market during the late period of October last year. The market faced resistance at 1.2960. The previous low, formed at […]
USD/CAD is recovering around a 2-month low, rising by 0.12 percent around in-day 1.2500 during the early hours of today in Europe. To do this, the pair recorded its 1st daily gains in 10 as the value of Canada’s main export substance (crude oil) dropped. Another factor promoting the pair’s value is the risk-off feeling, […]
The USD/CAD pair traded on a bullish path in the London session on Tuesday, as the currency pair hit a one-week high at 1.2871. However, the pair appears to have run out of bullish steam as it spiraled towards the 1.2820 amid a mild weakness in the US dollar. Modest optimism over the progressing peace […]
