Canada’s dollar fluctuated along with crude oil prices and stocks pared gains as U.S. lawmakers began voting on raising the country’s debt limit.The currency rose against all except 10 of its 16 major peers
Canada’s dollar fluctuated along with crude oil prices and stocks pared gains as U.S. lawmakers began voting on raising the country’s debt limit.The currency rose against all except 10 of its 16 major peers
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this market looks to be quite stretched (on a longer-term basis) and we therefore see risks over the near term for a major reversal back in favor of the USD. Given where we are trading, looking for this trend reversal at current levels becomes all the more compelling
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Abubakar 148 (2020-08-06)
A break and close back above 0.9500 could once again suggest that a base is in place and put the pressure back on the upside. Cyclically, this market looks to be quite stretched (on a longer-term basis) and we therefore see risks over the near term for a major reversal back in favor of the USD. Given where we are trading, looking for this trend reversal at current levels becomes all the more compelling.
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The break to fresh yearly and multi-month lows below 0.9445 certainly compromises our constructive outlook and potentially exposes a retest of the historic lows from 2007 by 0.9060
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Failure to retest yesterdays low of 0.9407 and current rebound suggest near term upside risk has increased for minor correction to 0.9490/00 and possibly to this weeks high of 0.9526,
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The Dollar jumped across the board in the last hour as stocks decline in Wall Street and Europe and gold retreats sharply. USD/CAD rose 70 pips in 30 minutes and moved away from multi-year lows. Greenback jumped from 0.9420 to 0.9490, reaching the strongest levels in two days.
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aaj lag raha he ki usd cad niche jayega. par main do pending order de raha hoon.
aaj sell pending at 0.9422
tp 0.9392
sl 30 pips
buy pending at 0.9449
tp 30 pips sl 30 pips
I LOVE INDIAN FOREX
Joo (2020-02-14)
well candlestick pattern and my indicators and my knowledge ye kehraha he ki abhi usd cad upor jayega.
usd cad buy at 0.9432 tp and sl 30 pips
age dekhte he kya hota he. best of luck.
I LOVE INDIAN FOREX
USDCAD after facing downtrend channel felt down and now it is trying to fall below strong support level at 0.9502.
I think we should Sell below 0.9480 with target 0.9422. ST 0.9530
Buy above 0.9525- target 0.9575. SL 0.9470
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