Forecasts of USD/CAD

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USD/CAD Flat Top Ascending Triangle Uptrend
USD/CAD Flat Top Ascending Triangle Uptrend
The USD/CAD has been in a steady uptrend. The price has formed an ascending flat top triangle that suggest an uptrend continuation. But the price has already reached the W H4 camarilla pivot so bulls need to be careful. If the pair breaks 1.2760 then 1.2805 will be possible. If there is no breakout ...
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USD/CAD Overextended Above Weekly And Daily Camarilla Pivots
USD/CAD Overextended Above Weekly And Daily Camarilla Pivots
The USD/CAD is enjoying the uptrend that I have already provided the analysis for, but now it looks a bit overextended to the upside. This looks like a USD strength more than CAD weakness as ADP numbers had a revision yesterday that provided a boost to dollar. At this point the USD/CAD is getting .....
0
USD/CAD Bullish Divergence Could Push The Price Up
USD/CAD Bullish Divergence Could Push The Price Up
The USD/CAD has been dropping significantly without any substantial retrace, finally hitting the 1.2400 zone support. On H4 chart the pair is showing the bullish divergence so there could be a push to the upside. Above 1.2450 we might see a bullish price action towards 1.2536. Sellers should be wa.....
0
USD/CAD Further Bearish Pressure Is Expected
USD/CAD Further Bearish Pressure Is Expected
Following reports from OPEC that supply shall exceed demand in the oncoming year or so, we have a consolidating Crude Oil price around USD44-45/bbl. BoC have increased their rate overnight following signs of inflation. Given this, the USD/CAD could be further sold on on rallies. My previous analys.....
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