Instrument: USDCAD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.32983 with take profit at key level 1.32505. Alternative scenario: Buy if price trades above 1.33249 with take profit at 1.33476. Fundamentals:No Fundamentals. Comment: The loonie has been growing in strength against it counter part the dollar, we could attribute the dollar weakness to …
Instrument: USDCAD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.33380 with take profit at key level 1.33153 Alternative scenario: Buy if price trades above 1.33607 with take profit at 1.33939 Fundamentals:CAD Unemployment Rate USD Average Hourly Earnings m/mNon-Farm Employment ChangeUnemployment Rate Comment: Although oil has seen consistent rise thanks to the weak dollar and the …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 42.65 with take profit at 43.00 Alternative scenario: Sell position is envisaged if price trades below 42.19 with take profit at 41.24 Fundamentals:No major economic data with direct bearing on the commodity Comment: Oil is envisaged to be supported this week by the decline in the number of active rigs …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.38073 with take profit at 1.38671. Alternative scenario: Sell position is envisaged if price trades below 1.37215 with take profit at 1.36301. Fundamentals:None Comment: A retracement is expected on USDCAD as there are sentiments on a fall in oil prices due to signs Russia was planning to start …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.39607 with take profit at 1.40056 Alternative scenario: Sell position is envisaged if price trades below 1.38970 with take profit at 1.38573 Fundamentals:USD Flash manufacturing PMI 2:45pmUSD Fed. Chair Powell speaks 7:30pm Comment: Technically, this pair reached a 14 day low, forming a double bottom which …
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 …
