SubscribeThe pair is still in a downtrend technically, and is far from changing that. However, the oil markets seem to be the most important indicator that you can use in order to determine the likely move in this pair.
Thread: Usd/Cad
The pair is still in a downtrend technically, and is far from changing that. However, the oil markets seem to be the most important indicator that you can use in order to determine the likely move in this pair.
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Hamzagoroo (2019-03-23)
The USD/CAD pair rose on Thursday as the oil markets sold off in a violent manner. The weak Philly Fed numbers out of the US only stoked the fires that were burning after a massive sell off in European equity markets
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Hamzagoroo (2019-03-23)
No influence on this pair from news until later today during US sessions. For now this pair looks somewhat flat. Not much momentum until more North American traders play
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Hamzagoroo (2019-03-23)
the chart is showing that the pair has succeeded in closing it's daily candle above level 0.9900 , and that's mean the up trend is still standing and the pair might head to 0.9930 and then 0.9950
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Abubakar 148 (2020-09-19), Hamzagoroo (2019-03-23)
Touching the pair is currently close to resistance levels of 0.9865, and this is accompanied by the approach of the stochastic overbought.
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Hamzagoroo (2019-03-23)
we can see that the pair has failed in breaking 0.9800 and bounced from it , so that's mean the up trend is expected and the pair might head to 0.9880 and then 0.9900
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Hamzagoroo (2019-03-23)
The USD/CAD pair fell on Wednesday, where rising risk appetite around global financial markets supported demand for higher yielding assets, as commodities including crude oil prices rose on Wednesday, which provided the Canadian dollar with strong momentum to rise against the U.S. dollar, and accordingly, pushing the USD/CAD pair to the downside.
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Hamzagoroo (2019-03-23)
The pickup in private sector consumption may encourage businesses to raise prices as they continue to cope with high input costs, and the near-term reversal in the USD/CAD may gather pace should we see a higher rate of inflation spur expectations for a rate hike
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Hamzagoroo (2019-03-23)
No influence on this pair from news until later today during US sessions. For now this pair looks somewhat flat. Not much momentum until more North American traders play
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Hamzagoroo (2019-03-23)
The USDCAD rally from the July low likely completed a flat from the May low. The tell is the 3 wave decline from the June high, which is suggestive of a B wave. As such, expectations are for an eventual drop under the July low. Levels that may provide interim support are 9650, 9610, 9530, and 9444. Resistance should be strong at 9875.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Hamzagoroo (2019-03-23)
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