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Falls back below the 100 hour MA The USDCAD tried life above it’s 100 hour MA (blue line in the chart below), but could not
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Dollar/CAD moved up and down as the US announced tariffs on China and Canada had a turbulent Friday. What’s next? Monthly GDP stands out in the
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USD/CAD main bull trend is on hold since late June. USD/CAD is finding support at the 1.2900 figure creating a double bottom with the late
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Slight beats on both fronts The headlines on inflation and retail sales were both bang-on expectations but the details in both reports were upbeat and
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The Canadian dollar is trading sideways in the Friday session, after posting strong gains in the Thursday session. Currently, USD/CAD is trading at 1.2924, up
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Daily Outlook Daily Pivots: (S1) 1.2882; (P) 1.2908; (R1) 1.2931; USD/CAD dropped to as low as 1.2883 so far and breached 1.2886 key support. The
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Bounces The USDCAD too out the August low at 1.28867, reaching a low at 1.28831. The 38.2% retracement of the move up from the September
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The Canadian dollar has posted small gains in the Thursday session. Currently, is trading at 1.2908, down 0.10% on the day. On the release front,
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Last Tuesday’s signals were not triggered, as there was no bullish price action at either 1.3011 or 1.2962. Today’s USD/CAD Signals Risk 0.75% per trade.
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Maybe it’s all the money flooding into pot stocks The rally in marijuana stocks is out of control with Tilray hitting $297 today, nearly doubling