USDCAD Analysis – June 30 USDCAD keeps ranging between its six-month high (1.3000) and its six-month low (1.2500). Until May 31st, 2021, the USDCAD market had been in a bearish move, forming lower highs and lower lows. Between May 2021 and December 2021, the USDCAD was forming higher highs and higher lows, indicating that the […]
USDCAD Analysis – June 15 USDCAD is undulating in an upward direction. The market’s latest move sees it bounce back off the conduit channel’s lower border to reach the channel’s upper border. The bullish strength in the market is currently very strong. However, there are hesitations as the price climbs towards the 1.28980 significant level. […]
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 4 USDCAD is set to make a strong push to break out of its triangular confinement. The price is now getting to the tip of the triangle formation and the market is due to decide on its direction of movement. The bears had hijacked the market by breaking downward, but buyers […]
УСД/ЦАД је нагло пао током сесије у Токију, док је доларски индекс депресирао у свом узлазном моменту, а цене нафте су порасле због нових брига о снабдевању. УСД/ЦАД је данас (петак) доживео дејство сила надоле. Након мале промене у свом правцу, тржиште је привукло пажњу купаца на ниво цене од 1.2318, а затим је пало до […]
USDCAD Analysis – April 27 USDCAD rejects a slump below the 1.24700 key level and has surged back into its triangle pattern. The bears were assumed to have seized power when the market broke beyond the lower border of the triangle pattern. The price then bounced off 1.24700 for a retest at the upper border […]
USDCAD Market Analysis – March 16 USDCAD bulls have failed to break the previous high on the daily timeframe. The market has been bullish since a reversal occurred in the market. A break in market structure was prominent in January. This caused a change in the market’s direction. The bulls utilized the demand zone at […]
USDCAD Market Analysis – March 9 USDCAD rises in an ascending channel, as seen on the daily timeframe. The market dived after striking the upper band of the Bollinger Band on April 21, 2021. The daily candles plunged under the shadow of the Moving Average within the Bollinger. The change in direction was seen with […]
