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Usdcadtechnicalanalysis

Macro Technical Analysis of the USD/CAD – Quarterly ChartLet’s take a look at the USD/CAD quarterly (3-Month) chart. Things are looking quite bearish for the coming months as price begins to get squeezed inside the ascending triangle. The bulls have tried multiple times breaking and clearing the 1.4500 price zone but has been met with a strong resistance each time. Considering that the MACD and RSI are diverging to the downside along with this triple resistance, it wouldn’t be a surprise to see the USD/CAD trading lower towards 1.3000 in the coming quarters. Considering this is a long term outlook, price can still fluctuate between 1.3500 and 1.4000ish but based on the current set-up, as of now, the view remains bearish especially with the U.S. Dollar under pressure across the board. A clear break & close above 1.4500 invalidates this view. Good Luck & Trade Safe
by InternalTraderNYC
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD USDCAD is now quite BUY. This is because OIL is slightly WEAK, CAD is WEAK and USD is slightly UP with RETAIL SALES being POSITIVE. Also, MARKETS RISK has been ON again due to this reason. But this time US CPI data was NEGATIVE. The FOMC OUTLOOK was also very NEUTRAL. But with RETAIL SALES, ISM MANUFACTURING DATA, and FED UPDATES, this situation has changed. Therefore, if the FED continues to be HAWKISH, the USD can definitely go UP. So stay tuned for FED UPDATES. USDCAD MARKET is currently DOWN due to US DATA and UPDATES being NEGATIVE and MARKET SENTIMENT being RISK ON. We think it will go up to the 1.3852 level before going down again. Also, with this MARKET RISK ON SENTIMENT, the USDCAD PRICE can SELL to the 1.3000 LEVEL in the future. In any case, there will be an opportunity to SELL USDCAD up to 1.2800 LEVEL. We wait until the DOWN TREND CONTINUES. MONDAY may be RISK ON again according to MARKET UPDATES. So follow the given STRUCTURE. It is seen that the OVERALL MARKET SENTIMENT has become POSITIVE.
by benny_marshall
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD USDCAD is currently DOW. This is because the CAD is quite STRONG and the US CPI DATA is quite MIXED. Currently, MARKETS OVERALL RISK is being ON. For that reason, we see that CAD is becoming quite STRONG. They are currently working to make the USD STRONG with ECONOMIC DATA. Therefore, STOCKS can go down again according to US ECONOMIC DATA this week. But right now, USDCAD is selling quite a bit. Because USDCAD was BUY very fast in previous days. That's why now USDCAD CORRECTION is going on. Anyway, based on the price of USDCAD, we think that it will go back up to the 1.3220 level due to some market sentiment given by the FED and ECONOMIC DATA. Either way USDCAD SELL opportunity will return to 1.2720 most likely after FED MEETING again. We are waiting for the DOWNSIDE TREND LINE to BREAK.
by benny_marshall
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDCAD USDCAD is currently going UP. This is because the CAD is quite WEAK and the US CPI DATA is very POSITIVE. Currently, MARKETS OVERALL RISK is being OFF. For that reason, we can see that CAD is becoming quite WEAK. They are currently working to make the USD STRONG with ECONOMIC DATA. Therefore, according to today's US ECONOMIC DATA, STOCKS can go down again. But now USDCAD is getting quite BUY. Anyway, based on the price of USDCAD, we think that it will go back up to the 1.3320 level due to some market sentiment given by the FED and ECONOMIC DATA.
by benny_marshall
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS USDCAD is currently DOWN. This is because CAD is STRONG. They are currently working to STRONG USD. So it could be STOCKS DOWN again. But right now USDCAD is going down very well in a DOWNSIDE CHANNEL. We think it will be down to 1.2714 LEVEL again due to some NEGATIVE SENTIMENT given by FED. However, the USDCAD UP will have the opportunity to return to 1.3189 after the FED MEETING. We are waiting to see how to BREAK the DOWNSIDE TREND LINE.
by benny_marshall
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS DXY currently stands at 103.100 LEVEL. The USD has been slightly WEAK since the MARKET RISK ON in the last few days. Also, at present the CAD FEATURE is at 0.7873 LEVEL. However, CAD is a bit WEAK compared to DXY. Due to this USDCAD is becoming BUY. This is because USD gets a POSITIVE SENTIMENT and USD gets a RATE HIKE SENTIMENT. - Currently the OVERALL MARKET is showing RISK OFF. STOCKS is currently RED showing a RISK OFF SENTIMENT. And the VOLATILITY is getting a bit UP. Also COMMODITIES show a DOWN SIDE BIAS today. Currently the MARKET has a RISK OFF SENTIMENT. Therefore, in the future, all NZD CAD AUD currencies may be slightly lower compared to JPY CHF and USD currencies. - USDCAD PRICE can be DOWN to 1.2587 LEVEL before re-UP. After that the USDCAD PRICE can be UP again to 1.2979 LEVEL. The USD is slightly stronger at this time due to the MARKET SENTIMENT. The OIL PRICE applies to USDCAD, and the decisions made at OPEC MEETING will have the greatest impact on USDCAD. DXY UP can be from FOMC UPDATES in the future. So stay tuned for that.
by benny_marshall
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS- DXY currently stands at 102.60 LEVEL. The USD has been slightly WEAK since the MARKET RISK ON in the last few days. Also, at present the CAD FEATURE is at 0.7935 LEVEL. However, CAD is getting a bit STRONG compared to DXY. Due to this USDCAD is selling. This is because USD receives a NEGATIVE SENTIMENT and a CAD RATE HIKE. - Currently the OVERALL MARKET is showing RISK OFF. STOCKS is currently RED showing a RISK OFF SENTIMENT. And the VOLATILITY is getting a bit UP. Also COMMODITIES show a MIXED BIAS today. Currently the MARKET has a RISK OFF SENTIMENT. Therefore, in the future, all NZD CAD AUD currencies may be slightly lower compared to JPY CHF and USD currencies. - USDCAD PRICE can be DOWN to 1.2523 LEVEL before re-UP. After that the USDCAD PRICE can be UP again to 1.2979 LEVEL. The USD is slightly WEAK at this time due to the MARKET SENTIMENT. But over time, that is likely to change. The OIL PRICE applies to USDCAD, and the decisions made at OPEC MEETING will have the greatest impact on USDCAD. DXY UP can be from FOMC UPDATES in the future. So stay tuned for that.
by benny_marshall
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS- DXY is currently at 102.330 LEVEL. You may remember that USD was slightly WEAK with the recent MARKET RISK ON. Also, at present the CAD FEATURE is at 0.7900 LEVEL. However, CAD is getting a bit STRONG compared to DXY. Due to this USDCAD is selling. This is because USD receives a NEGATIVE SENTIMENT and a CAD RATE HIKE. - Currently the OVERALL MARKET is showing RISK OFF. STOCKS is currently RED showing a RISK OFF SENTIMENT. And the VOLATILITY is getting a bit UP. Also COMMODITIES show a MIXED BIAS today. Currently the MARKET has a RISK OFF SENTIMENT. Therefore, in the future, all NZD CAD AUD currencies may be slightly lower compared to JPY CHF and USD currencies. - USDCAD PRICE can be DOWN to 1.2523 LEVEL before re-UP. After that the USDCAD PRICE can be UP again to 1.2979 LEVEL. The USD is slightly WEAK at this time due to the MARKET SENTIMENT. But over time, that is likely to change. The OIL PRICE applies to USDCAD, and the decisions made at OPEC MEETING will have the greatest impact on USDCAD. DXY UP can be from FOMC UPDATES in the future. So stay tuned for that.
by benny_marshall
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELSToday there is a FOMC MEMBER SPEAK. It will look at the USD SENTIMENT somewhat. Stay tuned for that. - DXY is currently at 101.482 LEVEL. USD has become STRONG with RATE HIKE SENTIMENT in the last few weeks. Also, at present the CAD FEATURE is at 0.7873 LEVEL. However, CAD is getting a bit STRONG compared to DXY. Due to this USDCAD is selling. This is because USD receives a NEGATIVE SENTIMENT. - Currently the OVERALL MARKET is showing RISK ON. STOCKS is currently GREEN showing a RISK ON SENTIMENT. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES show a UP SIDE BIAS today. Currently the market has a RISK ON SENTIMENT. Therefore, in the future, all NZD CAD AUD currencies may be UP compared to JPY CHF currencies. - USDCAD PRICE can be DOWN to 1.2570 LEVEL before re-UP. After that the USDCAD PRICE can be UP again to 1.2979 LEVEL. The USD is slightly WEAK at this time due to the MARKET SENTIMENT. But over time, that is likely to change. The OIL PRICE applies to USDCAD, and the decisions made at OPEC MEETING will have the greatest impact on USDCAD. It could be DXY UP in the future. So stay tuned for that.
by benny_marshall
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELSToday there is a FOMC MEETING. - DXY is currently at 102.175 LEVEL. USD has become STRONG with RATE HIKE SENTIMENT in the last few days. Also, at present the CAD FEATURE is at 0.7794 LEVEL. However, CAD is getting a bit STRONG compared to DXY. Due to this USDCAD is selling. - Currently the OVERALL MARKET is showing a NEUTRAL BIAS. STOCKS is currently showing a GREEN RISK ON SENTIMENT. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES shows a DOWN SIDE BIAS. Currently the market has a NEUTRAL BIAS. Therefore, in the future, all NZD CAD AUD currencies may be UP or DOWN compared to JPY CHF currencies. - USDCAD PRICE can be DOWN to 1.2664 LEVEL before re-UP. After that the USDCAD PRICE can be UP again to 1.3189 LEVEL. The USD is slightly WEAK at this time due to the MARKET SENTIMENT. But over time, that is likely to change. The OIL PRICE applies to USDCAD, and the decisions made at OPEC MEETING will have the greatest impact on USDCAD. It could be DXY UP in the future. So stay tuned for that.
by benny_marshall
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS- DXY currently stands at 103.64 LEVEL. USD has become STRONG with RATE HIKE SENTIMENT in the last few days. Also, at present the CAD FEATURE is at 0.7783 LEVEL. However, CAD is getting a bit STRONG compared to DXY. - Currently the OVERALL MARKET is showing a NEUTRAL BIAS. STOCKS is currently showing a MIXED RISK SENTIMENT. And the VOLATILITY is getting a bit DOWN. Also COMMODITIES shows a DOWN SIDE BIAS. Currently the market has a NEUTRAL BIAS. Therefore, in the future, all NZD CAD AUD currencies may be UP or DOWN compared to JPY CHF currencies. - USDCAD PRICE can UP up to 1.2979 LEVEL before DOWNING again. After that the USDCAD PRICE can be down again to 1.2664 LEVEL. The USD is slightly stronger at this time due to the MARKET SENTIMENT. But over time, that is likely to change. The OIL PRICE applies to USDCAD, and the decisions made at OPEC MEETING will have the greatest impact on USDCAD. It could be DXY CORRECTION in the future because it has been BUY for the last few days. So stay tuned for that.
by benny_marshall
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS⛔️ DXY is currently at 104.525 LEVEL. USD has become STRONG with RATE HIKE SENTIMENT in the last few days. Also, at present the CAD FEATURE is at 0.7692 LEVEL. However, CAD is a bit WEAK compared to DXY. ⛔️ The OVERALL MARKET is currently RISK ON on Friday. STOCKS is currently displaying a GREEN SIDE BIAS. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES show a UP SIDE BIAS. Currently there is only one RISK ON TONE in the market. Therefore, in the future, all currencies such as NZD CAD AUD can definitely be UP. Also JPY CHF can be DOWN. ⛔️ USDCAD PRICE can be UP to LEVEL 1.3189 before DOWN. Then the USDCAD PRICE can be down again up to 1.2800 LEVEL. The USD is slightly stronger at this time due to the MARKET SENTIMENT. But over time, that is likely to change. The OIL PRICE applies to USDCAD, and the decisions made at OPEC MEETING will have the greatest impact on USDCAD. It could be DXY CORRECTION in the future because it has been BUY for the last few days. So stay tuned for that.
by benny_marshall