Market Analysis – June 14 USDCAD remains within a ranging market as major zones hold. The market has been ranging within the major levels of 1.32260 and 1.39780 since September 2022. Price keeps hitting the upper and lower bands of the BB (Bollinger Bands). The ranging market is a result of the tug-of-war between the […]
Market Analysis – June 7 The USDCAD market has been characterized by a battle between buyers and sellers, resulting in volatile price action. Recent observations indicate that swing highs and lows have been easily breached, making it advisable to exercise caution and adopt appropriate risk management strategies until the market conditions become clearer. USDCAD Key […]
Market Analysis- May 24 The USDCAD market is currently experiencing difficulty establishing a trend. A symmetrical triangle has formed on the daily chart to prepare the market for a breakout. USDCAD Key Levels: Demand Levels: 1.3300, 1.3170, 1.2980 Supply Levels: 1.3520, 1.3690, 1.3880 USDCAD Long-term Trend: Ranging The USDCAD market displayed a prominent bullish trend […]
USDCAD Analysis – May 15 USDCAD surges upward after bouncing off the rising trendline five times. The market is in a phase of consolidation over a long horizon. For more than six months, the USDCAD price has been ranging between 1.386200 and 1.322600. However, the price continues to abide by a rising trendline, giving the […]
Market Analysis – May 3 USDCAD remains bullish despite a false breakout at diagonal support. While the overall trend is weakly bullish, the directional bias of USDCAD is bullish. The price is likely to keep appreciating until a successful breakout occurs on the downside. USDCAD Significant Zones Demand Zones: 1.32260, 1.27280 Supply Zones: 1.38620, 1.39780 […]
Market Analysis – April 20 The USDCAD market experienced a bullish breakout in February. A retracement followed to establish a retest upon the breakout. After a bounce off the previous resistance trendline, the price fell below the confluence zone. USDCAD Key Levels Demand Levels: 1.3180, 1.2980, 1.2820 Supply Levels: 1.3520, 1.3690, 1.3880 USDCAD Long-term Trend: […]
Market Analysis – April 12 USDCAD sets to expand upward as price hits a rising trendline. On the daily chart, the market has been bullish since August 2022. The beginning of the upward trend also marked the beginning of the rising trendline. Price is likely to respect the rising trendline again as the Relative Strength […]
Te Maakete Maakete - Maehe 29 USDCAD i kite i te pikinga o te utu i te wa i pa ki te pakarutanga mai i runga i te tūtohi o ia ra. I tenei wa, kei te anga whakamua te maakete ki te rohe whakakotahitanga kei raro i te 1.3520. He mea nui tenei rohe na te mea ko te waahi e whiti ai nga raina tautoko me te aukati, a tera pea ka puta he […]
Market Analysis – March 1 USDCAD buyers have seized the opportunity to halt the decline of the price in the market. The buyers have launched from the support level of 1.3300 to engineer a bullish reversal. USDCAD Key Levels Support Levels: 1.3300, 1.2900, 1.2500 Resistance Levels: 1.3700, 1.3900 1.2400 USDCAD Long-term Trend: Bullish The USDCAD […]
