USDCAD had a bounce at 1.28400 and made a strong bullish move in the H4 chart. The pair had a bounce around the level earlier, thus the buyers may consider it as a Double Bottom support. The chart produced consecutive bullish candles and later found its resistance around 1.30800. It had its...
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USDCAD tests support at 1.2800/1.2790 but with no bounce, risks increase to the downside.
USDCAD tests important support at 1.2800/1.2790 but the failure to bounce from here yesterday increases the risks to the downside today. Therefore holding longs is more risky now. A break...
Daily price still within a consolidation range of around 250pips.
The weekly chart below shows how the overall bias is bearish with price reversing at monthly and weekly key levels as well as a reversal at the weekly fibb zone followed by bearish momentum. After a few weeks of failing to...
Our unique trading strategy has provided us with a technical analysis on the USD-CAD pair.
Market scenario : We can observe two major levels on the USD-CAD pair, a support at 1.3525 and a resistance at 1.3650 area.
In our opinion both levels are strong and we are expecting to observe a bounce...
On Tuesday there will be 3 things worth watching – German IfFO Business Climate, US Housing Price Index and Consumer Confidence. More details in our Market Overview.
What should we expect?
First data came up just few minutes ago. German Busines Climate published by IFO was better than expected...
As markets become more volatile, we are left with more questions than answers. We are all looking for that crystal ball that will shed light on whats next :).
I am hoping to pass along some of our thoughts and analysis on the current/future market, and looking forward to learning...
We will post our free signals for the main currency pairs in this thread.
All signals posted are generated with a contrarian view, which means that the strategy being used go against the prevailing trend, and looks for extreme over-bought or over-sold conditions to enter the trade.
The primary trend of USDCAD is sideways on charts. In its 4 hourly chart, the pair is not sustaining at lower levels and bouncing back to show further upside movement. It is consolidating with strong positive bias and is likely to give break out at upside. Its 30 and 200 DMA are also supporting...
Aug. 26, 2015, 09:38
Sell on a level breakthrough of 1.3287 with 1.3170 target. Stop loss = 1.3340.
Reason for the trading strategy
According to the American Petroleum Institute, crude oil inventories in the US fell by 7.3 million barrels per day last week. Today, at the time of...