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Forex Analysis for USD/CAD

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Fundamental Analysis of USD/CAD for December 14, 2018
Fundamental Analysis of USD/CAD for December 14, 2018
Company does not offer investment advice and the analysis performed does not guarantee results USD/CAD has been quite non-volatile with the recent bullish gains which is expected to lead the price towards 1.3450 resistance area in the coming days. Despite the softer rhetoric of the US Fed on monet....
0
USD/CAD: expect a correction
USD/CAD: expect a correction
Trade idea SELL 1.3370; TP1 1.3300; TP2 1.3230; SL 1.3390 USD/CAD has reached resistance of June highs around 1.3386. It briefly tested levels above this point, but then returned lower. A small “shooting star” candlestick was formed on D1 at the upper Bollinger band. The pair may correct to 1.33. ...
0
USD/CAD: the USD weakens
USD/CAD: the USD weakens
Recommendation: SELL 1.3285 SL 1.334 TP1 1.3195 TP2 1.3115 TP3 1.2985 On the daily chart of USD/CAD, the pair reached the 113% target of the "Shark" pattern. It increased the risks of the reversal towards the 23.6%, 38.2% and 50% of the CD wave as a part of the transformation into the 5-0 pattern. A...
0
Control zones USDCAD 11.12.18
Company does not offer investment advice and the analysis performed does not guarantee results Yesterday's growth led to the formation of the absorption pattern on the daily chart and consolidation above the NCH 1/2 1.3365-1.3354. This indicates a resumption of upward medium-term growth. Yesterday....
0
USD/CAD analysis for December 07, 2018
USD/CAD analysis for December 07, 2018
Company does not offer investment advice and the analysis performed does not guarantee results Recently, the USD/CAD pair has been trading upwards. The price tested the level of 1.3444. Anyway, according to the H4 time – frame, I have found that price went above the Keltner upper band (overbought ....
0
USD / CAD: black bar for Canadian currency
Company does not offer investment advice and the analysis performed does not guarantee results The Canadian dollar has lost its foothold and weakens throughout the market. Paired with the American currency, the Canadian fell to a one-and-a-half year high, testing at the moment which is already at ....
0
Fundamental Analysis of USD/CAD for December 6, 2018
Fundamental Analysis of USD/CAD for December 6, 2018
Company does not offer investment advice and the analysis performed does not guarantee results USD/CAD has been non-volatile and impulsive amid the bullish pressure, leading the price above 1.3350 with a daily close. Ahead of a widely expected rate hike by the Federal Reserve, Powell's speech, and....
2
Global macro overview for 06/12/2018
Global macro overview for 06/12/2018
Company does not offer investment advice and the analysis performed does not guarantee results The Bank of Canada (Bank of Canada, BoC) decided on Tuesday, December 5, to keep the target overnight interest rate unchanged at 1.75%, in line with expectations of financial markets and investors. The c....
0
Trading plan for 05/06/2018
Trading plan for 05/06/2018
Company does not offer investment advice and the analysis performed does not guarantee results On Wednesday, the 5th of December, the event calendar is quite rich in important data releases and the event of the day is the Bank of Canada interest rate decision during the NY session. Moreover, the o....
0
EUR/AUD Reversed Off Resistance, Prepare For Further Drop
EUR/AUD Reversed Off Resistance, Prepare For Further Drop
Company does not offer investment advice and the analysis performed does not guarantee results EUR/AUD reversed off its resistance at 1.5520 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it is expected to drop further to its support at 1.5431 (61.8% ....
0
NZD/USD Approaching Support, Prepare For A Bounce
NZD/USD Approaching Support, Prepare For A Bounce
Company does not offer investment advice and the analysis performed does not guarantee results NZD/USD is approaching its support at 0.6883 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.6968 (horizontal....
0
Technical analysis of USD/CAD for December 04, 2018
Technical analysis of USD/CAD for December 04, 2018
Company does not offer investment advice and the analysis performed does not guarantee results Overview: The USD/CAD pair is still above the level of 1.3154 since last week. Now, the current price is set at 1.3160. On the H4 chart, the resistance is seen at the levels of 1.3360 and 1.3531. Besid....
0
XAG/USD Approaching Resistance, Prepare For A Reversal
XAG/USD Approaching Resistance, Prepare For A Reversal
Company does not offer investment advice and the analysis performed does not guarantee results XAG/USD is approaching its resistance at 14.49 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 14.30 (38.2....
0
GBP/USD Approaching Support, Prepare For A Bounce
GBP/USD Approaching Support, Prepare For A Bounce
Company does not offer investment advice and the analysis performed does not guarantee results GBP/USD is approaching its support at 1.2660(61.8% Fibonacci extension, horizontal swing low support) where it could potentially bounce to its resistance at 1.2820 (61.8% Fibonacci retracement, horizonta....
0
USD/CAD: the loonie rebounded from the bottom
USD/CAD: the loonie rebounded from the bottom
Recommendation:  SELL 1.3155 SL 1.321 TP1 1.3055 TP2 1.3025 TP3 1.3 On the daily chart of USD/CAD, the targets of "Shark" (88.6%) and "Wolfe Waves" patterns were implemented. After that, there was a logical reversal as a part of the "Shark" pattern's transformation into 5-0. The further direction of...
0
USD/CAD: a breakaway gap
USD/CAD: a breakaway gap
Trade idea SELL 1.3160; TP1.3105; TP2 1.3070; SL 1.3180 USD/CAD formed a lower high on W1. Moving averages are almost horizontal and the bullish momentum has declined. The pair can visit lower levels. On D1, there’s a breakaway gap. The pair closed below the trendline support line on Monday. MACD i...
0
XAU/USD Approaching Resistance, Prepare For A Reversal
XAU/USD Approaching Resistance, Prepare For A Reversal
Company does not offer investment advice and the analysis performed does not guarantee results XAU/USD is approaching its resistance at 1228.7 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 1218.4 (6....
2
USD/CAD Approaching Support, Prepare For A Bounce
USD/CAD Approaching Support, Prepare For A Bounce
Company does not offer investment advice and the analysis performed does not guarantee results USD/CAD is approaching its support at 1.3227(100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.3323 (76.4% Fibo....
2
Trading plan for 30/11/2018
Trading plan for 30/11/2018
Overnight the markets went into a flat drift in anticipation of the outcome of the Trump / Xi meeting at the G20 summit. The currency market the USD stays close to the minima achieved after dovish comments by the Fed's chief on Wednesday. The stock market makes modest profits.EUR / USD spent the nig...
1
Technical analysis of USD/CAD for November 29, 2018
Technical analysis of USD/CAD for November 29, 2018
Overview: The USD/CAD pair continues to move upwards from the level of 1.3216. Yesterday, the pair rose from the level of 1.3216 (the level of 1.3216 coincides with a ratio of 38.2% Fibonacci retracement) to a top around 1.3358 but it rebounbed towards the price of 1.3292. Today, the first resistanc...
1
Fundamental Analysis of USD/CAD for November 28, 2018
Fundamental Analysis of USD/CAD for November 28, 2018
USD/CAD has been quite impulsive and non-volatile with the bullish gains. The price is holding at around the resistance area of 1.3300-50. Despite some downbeat economic reports from the US, USD managed to sustain the momentum over CAD. The pair could develop a strong counter-move in the future.Rece...
1
USD/CAD: bulls control the situation
USD/CAD: bulls control the situation
Recommendation: BUY 1.3315 SL 1.3260 TP1 1.3415 TP2 1.3515 TP3 1.3615, SELL 1.3190 SL 1.3245 TP1 1.3110 TP2 1.3050 TP3 1.3 On a daily chart of USD/CAD, the targets of “Shark” (88.6%) and “Wolfe Waves” patterns were reached. As a result, the risks of the reversal to 23.6%, 38.2% and 50% from the CD w...
1
Weak statistics from the US supports the dollar
Weak statistics from the US supports the dollar
On Monday, optimism reigned in the markets. This was supported by rising expectations that the Fed would pause raising interests by next year. Furthermore, investors are hoping that Washington and Beijing will be having an agreement on customs duties which might be discussed at the G20 summit.Shares...
2
Technical analysis of USD/CAD for November 23, 2018
Technical analysis of USD/CAD for November 23, 2018
Overview: Pivot: 1.3159.The USD/CAD pair continues to move upwards from the level of 1.3134. The pair rose from the level of 1.3134 (the level of 1.3134 coincides with a ratio of 38.2% Fibonacci retracement) to a top around 1.3160. Today, the first support level is seen at 1.3134 followed by 1.3105,...
1
Decline in US manufacturing performance will put pressure on the dollar
Against the backdrop of the ongoing Thanksgiving Day holiday in the States, activity in world markets will most likely be limited and today there will be a short day on this occasion. Today, the markets will continue to closely follow the development of events around Brexit, which has tired out inve...
1
Oil and CAD: in pain together
Oil and CAD: in pain together
Europe keeps trying to get through Brexit and deal with Italy. Equity and oil prices tumbled, and investors’ mood remained sour. This is not a good time for riskier assets. This is not a good time for the Canadian dollar. The Canadian currency fell to the lowest levels since June versus its US count...
0
The uncertainty factor manifested itself with a new force
The uncertainty factor manifested itself with a new force
The slowdown of the US economy in the third quarter, as well as the expectation of negative dynamics in the stock market, and possibly, the slowdown in global economic growth have returned to the market. The Fed might raise interest rates in December by 0.25%. It will be decided if at the beginning ...
1
Fundamental Analysis of USD/CAD for November 21, 2018
Fundamental Analysis of USD/CAD for November 21, 2018
USD/CAD has been non-volatile and impulsive with the bullish momentum for a few weeks in a row which led the price to reside at the edge of 1.3300-50 resistance area. Despite the recent headwinds in the US economy, USD managed to sustain momentum against CAD which is struggling to generate a strong ...
3
USD/CAD: the CAD has chances
USD/CAD: the CAD has chances
Recommendation: SELL 1.315 SL 1.3205 TP1 1.305 TP2 1.3025 TP3 1.2965 On the daily chart of USD/CAD, after the pair reached the 1.3285-1.3315 convergence (targets of "Shark" and "Wolfe waves" patterns), a logical pullback happened. To keep controlling the pair, bulls need to keep it above 1.308. On ...
1
Technical analysis of USD/CAD for November 19, 2018
Technical analysis of USD/CAD for November 19, 2018
Overview:The USD/CAD pair continues to move upwards from the level of 1.3134. The pair rose from the level of 1.3134 (the level of 1.3134 coincides with a ratio of 38.2% Fibonacci retracement) to a top around 1.3160. Today, the first support level is seen at 1.3134 followed by 1.3105, while daily re...
2
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