Instrument: USDCAD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.35641 with take profit at key level 1.35288. Alternative scenario: Buy if price trades above 1.35846 with take profit at 1.36071. Fundamentals:No fundamentals Comment: The buck strengthened this week, an we can attribute that to the strong Non- Manufacturing PMI report, which came out …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.34944 with take profit at key level 1.34618. Alternative scenario: Buy if price trades above 1.35346 with take profit at 1.35572. Fundamentals:Flash Manufacturing PMI 2:45pm (USD) Comment: The instrument strengthen against the dollar as the strength of the dollar due to the dovish testimony of the …
Intraday: Bullish Technical Analysis Preference: A Buy is in order if prices trade above 1.34384 with take profit at 1.34896. Alternative scenario: Sell is in order if price trades below 1.34378 with take profit at 1.34061. Fundamentals:No major economic data with direct bearing on the commodity. Comment: USD has been on a free fall against the CAD, we could …
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 …
