USDCAD Analysis – May 5, 2023
The USDCAD pair extended its downside movement on Wednesday, as it broke below a key support level at 1.3527. The pair had been trading in a narrow range over the past few sessions, but the break below...
Tag: USDCAD
USDCAD Analysis – May 4, 2023
Recently, the USDCAD pair has been consolidating in a range between 1.3527 and 1.3667. The resistance level at 1.3667 is key for the next move in the pair. A break above this level could signal the resumption...
USDCAD Analysis – May 3, 2023
USDCAD has been in a downtrend since reaching a high of 1.3667. The pair recently bounced from a low of 1.3527, but this may be a correction within the broader downtrend. As long as the key resistance...
USDCAD Analysis – May 2, 2023
The USDCAD pair has been on a bearish trend lately, as indicated by the downside movement from 1.3667 to as low as 1.3527. This suggests that the uptrend from the Apr 14 low of 1.3300 has completed....
USDCAD Analysis – May 1, 2023
The USDCAD pair has been trading in a uptrend from 1.3300 over the past few weeks. However, on the 4-hour chart, the pair broke below the key support level of 1.3588, indicating that the upside movement from...
USDCAD Analysis – April 29, 2023
USDCAD has been moving sideways in a range between the November 2022 low of 1.3225 and the October 2022 high of 1.3976. The sideways move is likely to continue for the next few weeks. The rangebound trading...
Options And Futures Analysis For January 20, 2023
✅ We offer you current trading ideas from important option levels on the major assets of the Forex market/CME Group. See the video overview for more details. 📈 The review provides a breakdown of the assets relevant...
Options And Futures Analysis For January 13, 2023
✅ We offer you current trading ideas from important option levels on the major assets of the Forex market/CME Group. See the video overview for more details. 📈 The review provides a breakdown of the assets relevant...
Options And Futures Analysis For January 5, 2023
✅ We offer you current trading ideas from important option levels on the major assets of the Forex market/CME Group. See the video overview for more details. 📈 The review provides a breakdown of the assets relevant...
USDCAD Producing A Strong Reaction Higher From Equal Legs Area
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of USDCAD. In, the rally from 15 November 2022 low unfolded in a corrective sequence but provided an extreme trading opportunity....