Short positions are 7.3% higher than yesterday and 145.3% stronger since last week. Open interest is 1.9% stronger than yesterday and 4.4% below its monthly average. The SSI is a contrarian indicator and signals more USDCAD gains.
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Short positions are 7.3% higher than yesterday and 145.3% stronger since last week. Open interest is 1.9% stronger than yesterday and 4.4% below its monthly average. The SSI is a contrarian indicator and signals more USDCAD gains.
we can see that the pair has closed it's daily candle above 0.9900 . so , that's means that up trend is expected and the pair might head to 0.9950 and then 0.9980 ,but also the hourly correction is expected before continue in the up trend
Statistics Canada published Building Permits numbers for the month of June that rose 2.1%, beating expectations of a decline of 4.7%. Earlier, the office released employment information for the month of July. The Canadian net change in employment came in at 7.1K over the month of July, worse than the expected 15K. Still the unemployment rate edged to its lowest result since January of 2009 at 7.2% from 7.4% the previous month.
usdcad ka target tha 1.0000 aur wo aaj pauch hi gaya ,abhi thoda correction hon ki ummed hai, to aap sell hi position open kar sakte ho thode pips ke liye
this pair managed to go back up to the previous level it had last month and now it start to pullback down a little bit after it broke the resistance......if this pullback continue we can see a wave 2 or b swing within this month
The USD/CAD pair slammed into the parity level on Tuesday as traders sold off everything risk related.The Asian markets stabilized we saw the risk trade put back on n as such, the Loonie was bought back up for the USD/cad.
The USD/CAD broke above 0.9850 and jumped to 0.9910, new daily high. Afterwards pulled back under 0.9900 and fell finding support around 0.9860/70. Currently is quoting 0.9880, more than a hundred pips above the price it had at the beginning of the Asian session.
We the trend is down and we suspect that although the 0.98 level might serve as some kind of support – this pair ultimately goes down again.
from the 15m chart this pair unfold as a divergence pattern at the end of the trading hours yesterday and the price turn back down a little bit......if this pair keep the bearish momentum then we can assume the wave 2 or b had completed the swing in the 4h chart
The 200-Day SMA comes in by the 0.9800 figure and the recent break and close back above this longer-term moving average opens the door for a more sizable shift in the overall construct of the market and a sustained move back above parity. In the interim, look for any intraday setbacks to be well supported above 0.9700.