FUND Sell 20.03.2023 09:11
USD/CAD: the instrument is consolidating in anticipation of new drivers
During the Asian session, the USD/CAD pair is growing slightly, holding near 1.3720.
FUND Sell 17.03.2023 11:20
USD/CAD: Bank of Canada to tighten control over market and bank liquidity
Against the stabilization of the US currency quotes, the USD/CAD pair is correcting around 1.3690.
TECH Buy 15.03.2023 08:32
USD/CAD: wave analysis
Growth is possible.
On the daily chart, the upward fifth wave of the higher level 5 develops, within which the wave (3) of 5 forms. Now, a downward correction has ended as the fourth wave 4 of (3), and the wave 5 of (3) is forming, within which the first wave of the lower level i of 5 has formed, and a correction is developing as the wave ii of 5. If the assumption is correct, the USD/CAD pair will grow to the area of 1.3977–1.4265. In this scenario, critical stop loss level is 1.3491.
TECH Sell 14.03.2023 08:24
USD/CAD: candlestick analysis
On the four-hour chart, at the resistance level of 1.3832, there is the formation of an Evening Star candlestick analysis model, which signals an imminent price reversal downwards, and at the level of 1.3782, a Bearish Marubozu pattern, which indicates the increasing activity of sellers in the market, is forming. The combination of these figures confirms the strengthening of the downward dynamics towards the support level of 1.3590, after which the quotes will go to the zone of 1.3328–1.3086. An alternative scenario is possible in case of a breakdown of the key resistance level of 1.3832, and then the next target will be 1.4084–1.4347.
TECH Buy 10.03.2023 11:46
USD/CAD: quotes are aiming for a maximum of 2022
This week, the USD/CAD pair has renewed the high of December 2022 and has broken through the resistance level of 1.3800, which suggests a continuation of the upward movement to the high of last year around 1.3960.
FUND Buy 07.03.2023 11:59
USD/CAD: upward dynamics — in the future
Last week, the USD/CAD pair made attempts to grow, but failed to consolidate above the 1.3610 mark (Murray level [7/8]).