Volatile Week for USD/CAD? The Bank of Canada (BoC) is anticipated to lower rates by 25 basis points on Wednesday, bringing the policy rate down to 4.25%. This expectation follows a recent CPI report that indicated further easing in core inflation, coupled with weaker labor market data. While a 50-basis point cut seems unlikely, it can't be entirely dismissed....
Hello Ladies and Gentlemen! I might have entered a tad early in this position, though it looks like it is forming a pullback. The position is currently in a loss and that is okay. Let´s see if it works out.
On Friday, alongside the US PCE data release, Canada will publish its Q1 GDP growth figures. Earlier in the week, Canada will also release its producer prices data. Note that US markets will be closed on Monday for Memorial Day. According to the Royal Bank of Canada, the Canadian economy likely grew more quickly in Q1 2024 based on headline figures. However,...
hello guys... I published before about the head and shoulders pattern and the rising pattern, you can check it that the target touched! You can see the usdcad made a Quasimodo pattern and it is possible to start an upward movement to the blue area! but the question is from where?! there are two scenarios: 1- starting from the QML (S1) 2- starting from the...
Traders, Let's delve into the key zones for AUD/CAD: We're witnessing a formidable bullish channel, but beware, it could break, triggering stop losses, only to rise again. Our 1-hour zone is currently active. Consider partially closing positions when it aligns with the 15-minute and 4-hour zones. Additionally, we'll increase our volume around the lower 1-hour...
I am reaching out to discuss an intriguing topic that has been gaining significant attention in the financial realm: the potential impact of Central Bank Digital Currency (CBDC) on forex trading in Canada. As you may be aware, the introduction of CBDC has sparked numerous discussions and debates among forex traders. The purpose of this idea is to delve into the...
(This post is to be a collection place/"container" for all CAD - Canadian Dollar - and related pairs. ------------------------------------------------------------------------------------------------------------------- After weeks of consolidation near the bottom of a rising, long-term, weekly price trend channel, the USDCAD looks to be poised for a near-term,...
With US CPI due to land in the next 6-8 hours, I'm speculating that it will come in low and the USD will weaken off the back of it. Combining this with the Bank of Canada also announcing their next interest rate decision an hour and a half after US CPI, if they do hike rates I can see strength in the $CAD. Good pairs trade here for short USD/long CAD. Will...
OANDA:USDCAD Dollar index heading higher at news release. WTI Crude sentiment lower. Trigger long for quick 10 pip scalp hard TP.
I think price will be able to push to the 1.35 lvl as time goes on. The UK is struggling to keep its economy afloat while simultaneously the BOE is attempting to fight inflation. One or the other needs to happen and a soft landing is not going to happen, especially with double digit inflation. Canada's economy I think will be able to resist a recession. It may...
OK, so the CAD/HUF is not the most liquid of pairs - although quite tradable -, it is the pair which best expresses the upcoming abyss, the EU as a whole staring into. As for conviction; I owned some real estate all over the EU (not that I cared for them, too much. It was just a good price at the time.) BUT I've completed dumping them all - about 4 months ago....
I expect a test to the red highlighted orderblock before the liquidity filling phase. Stay tuned for more updates on forex pairs & cryptos.
Update for our yesterday's post on CADCHF: it turned out that a double bottom that we spotted yesterday turned into an ascending triangle formation. The price broke its horizontal neckline and closed above that. I expect growth now! Goals will be 0.756 / 0.76 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with...
usdcad show strong signal to buy , buy it now tp should be 1.2554 :
In this video I breakdown why EUR/CAD continues to weaken to the downside as Higher Oil prices support the commodity-linked Canadian Dollar. I also breakdown how interest rate differentials favors investors to sell euros to Buy Canadian Government Bonds paying a significant premium over Bunds. Europe's economic outlook continues to turn grim as the war in...
short on 1.28690 SL 1.28820 TP 1.28290, 1.27770, 1.26540 short on 1.28960 SL 1.29050 TP 1.28610, 1.28010, 1.26780
just an analayze. CAD Dollar against the Us Dollar will be more valuable in the short term than before.