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Usdcadanalysis

USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD USDCAD is selling quite a bit right now. The reason for that is CAD STRONG as OIL is quite STRONG and USD is going DOWN a bit with RATE EXPECTATIONS SLOW. Also, MARKETS RISK has been ON again due to this reason. This time the US CPI data was NEGATIVE. The FOMC OUTLOOK was also very NEUTRAL. So now USD is very WEAK. But now with US YEILD getting a good CORRECTION, USD is going DOWN. 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 1.3570 level before going down again. Also, with this MARKET RISK ON SENTIMENT, the USDCAD PRICE can SELL to the 1.2800 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
1
USDCADso this is a tricky area for cad the main thing is the trend is down so im looking and waiting for sell setups at the moment now with that being said there is equal lows meaning theres a nice amount of liquidity resting below 1.34600 area so im looking for break of that for a sell or for buyers to push price up to retest that trend line area possible even retest the orderblock for a nice move down just have to wait for the setup to break structure to the downside b4 getting in
Short
by wolf_pack
1