Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.39092 with take profit at 1.38737 Alternative scenario: Buy position is envisaged if price trades above 1.39711 with take profit at 1.40137 Fundamentals:No major economic data with direct bearing on the commodity expected today Comment: The Canadian dollar is on the rise amid the better market …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.41555 with take profit at 1.41906 Alternative scenario: Sell position is envisaged if price trades below 1.41094 with take profit at 1.40676 Fundamentals:No major economic data expected today Comment: The pair has established an uptrend on the hourly chart and the continuation will be confirmed once …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.39042 with take profit at 1.39662 Alternative scenario: Sell position is envisaged if price trades below 1.38583 with take profit at 1.38400 Fundamentals:USD Unemployment Claims 1:30pm Comment: Technically, this pair got rejected when it tested a two week low and price momentum slowed down afterwards. Investors are …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.39259 with take profit at 1.38740 Alternative scenario: Buy position is envisaged if price trades above 1.40092 with take profit at 1.40579. Fundamentals:1:30pm USD Advance GDP q/q7:00pm USD FOMC Statement Comment: The pair nears the two-week low flashed the previous day amid broad US dollar weakness …
Intraday: Bullish Technical Analysis Preference: A Buy position is envisaged if price trades above 1.42092 with take profit at 1.42645 Alternative scenario: Sell position is envisaged if price trades below 1.41458 with take profit at 1.41082 Fundamentals:No fundamentals Comment: For now, the main driver of the current USD/CAD upside is the downside move on the oil price front …
