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Usdcadanalysis

USDCAD Buy The USD/CAD pair has corrected to near the critical support of 1.3750 in the Tokyo session. The Loonie asset is facing the heat as the upside momentum in the US Dollar Index has started fading now. The street is anticipating maintenance of status-quo by the Federal Reserve (Fed) next week as United States inflation has resumed its softening spell meaningfully. Scrutiny of February’s US Consumer Price Index, Employment report, Retail Sales, and Producer Price Index (PPI) figures indicate that January’s economic data was a one-time blip. The US inflation has resumed its downside journey and the joining of fears associated with the global banking crisis is stemming an unchanged policy stance on interest rates. USDCAD h1 price is in an uptrend. However, it is possible that the pair will form another short correction today before continuing to move up. Recommended to wait to buy to 1.3720, SL: 1.3680, TP: 1.3820
Long
by VTmarkets
USDCAD BUYIt’s a beautiful day, let’s take go good look at USDCAD this opportunity is so clear so basically we are looking to Buy on this analysis, clearly on the 1hour Time frame we have a trend line breakout and we are waiting for a retest confirmation or price retracement back to either 1.37789 which is our 1HR S:1 area or 1.37468 which is our 1HR S:2, and we are expecting price to hit our daily Resistance Zone which is the Tp 1.39771, so let’s wait patiently for price confirmation and also candlestick behavior to occur. Thanks guys drop a Comment on what you think about USDCAD or my Analysis
Long
by GoCrazyfx0
2
USDCAD Buy WASHINGTON: U.S. Treasury Secretary Janet Yellen on Sunday said she was working closely with banking regulators to respond to the collapse of Silicon Valley Bank and protect depositors, but a major bailout was not being considered. Yellen told the CBS News “Face the Nation” show that she had been working with regulators to “design appropriate policies to address the situation,” but declined to give further details. USDCAD h1 price is sideways in the 1.3760-1.3860 zone. Currently, the price is approaching the support area of ​​1.3760 and shows signs of turning up again. Recommended buy to current price 1.3765, SL: 1.3730, TP: 1.3830
Long
by VTmarkets
USDCAD LONGWe are currently looking for buying opportunities on USDCAD. This is because the pair has become bullish on multiple time frames. We also see a breakout of a daily time frame trendline. When we look left, we can see the pair has been largely bullish but in recent weeks and months we have seen a lot of correction and sideways movements. Could this be the trendline breakout that might send USDCAD higher? Only time will tell. We will be looking to enter this trade and hold the position for the next 3 to 4 weeks at 2% risk per trade.
Long
by NDOBObanks
1
USDCAD - LT/MT Idea!CAD - LT/MT Idea! We have a lot of dollar buying end of flows, end of month. We saw that in most of the majors shifting. What's really key to me is we are seeing US data take a hit US indices, it is time to take into consideration what could happen next with the FX majors. Here's a glimpse of what I think of CAD: This chart is based purely on Technical aspect. Currently we within the ranges - Highs: 1.37355 & Lows: 1.32485 A break of highs, we could be forming the pattern W / Break out of wedge/triangle formation Target areas: 1.38885 & 1.41290 A break of the lows, we break below 50EMA + break out of pattern takes us to 200 EMA + TL Target areas: 1.30270 & 1.27955 Take into consideration of other FX minor pairs such as CADCHF - Stuck within range, ready to break! There are great opportunities out there for us traders to take advantage, of. Trade Journal
by Trade_Journal