06.30.2020 USD.CAD POTENTIAL SHORT
06.30.2020 USD.CAD POTENTIAL SHORT USD/CAD OANDA:USDCAD BirdieDrew Looking for price to retrace to 1hr entry time frame. Read more here
Tag: USDCAD
Dips in USDCAD Should Find Buyers
USDCAD 45 minutes chart below shows that the pair has ended 3 wave pullback from June 15 high in wave 2. The pullback unfolded as double three Elliott Wave structure… Read more »
USD/CAD Forecast June 29-July 3 – Investors Eye Canadian GDP
USD/CAD was almost unchanged for a second consecutive week. There are four releases in the upcoming week, including GDP. Here is an outlook at the highlights and an updated technical analysis… Read more »
Our data shows traders are now net-short USD/CAD for the first time since Jun 01, 2020 when USD/CAD traded near 1.36.
Number of traders net-short has increased by 53.31% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI USD/CAD BULLISH 49.86% 50.14% 1.15%… Read more »
USD/CAD, CAD/JPY & NZD/CAD Levels
Canadian Dollar Price Outlook: USD/CAD has stalled beneath Fibonacci resistance as the pair grasps for a longer-term trend CAD/JPY forfeited much of the ground it recovered in early June and… Read more »
New highs for the USDCAD on Fitch downgrade
Tests swing levels going back to June 16 The USDCAD has moved to new session highs after the news that Fitch downgraded Canada debt to AA+. The outlook is stable. Looking… Read more »
USD/CAD Reversal from March Low Unravels as RSI Retains Bearish Trend
Canadian Dollar Talking Points USD/CAD snaps the range bound price action from the previous week even though Bank of Canada (BoC) Governor Tiff Macklem rules out a V-shape recovery, and… Read more »
USD/CAD Range Support, Trend on Pause
Canadian Dollar, CAD, USD/CAD, USDCAD Price Analysis Despite USD weakness, USD/CAD is continuing to hold support at a key zone. This confluent support has a few different reasons that buyers… Read more »
USD/CAD Forecast June 22-26 – Canadian Dollar Holds Own Despite Dismal Retail Sales
USD/CAD was almost unchanged last week. There are no releases in the upcoming week. Here is an outlook at the highlights and an updated technical analysis for USD/CAD. Manufacturing sales plunged… Read more »
Second Entry on USDCAD Long
Second Entry on USDCAD Long U.S. Dollar/Canadian Dollar FX:USDCAD USA_Capital_Funds Consolidating triangle looks to break to the upside Read more here