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Usdcadforecasting

USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDCAD USDCAD is currently going UP. This is because the CAD is quite WEAK and the US CPI DATA is very POSITIVE. Currently, MARKETS OVERALL RISK is being OFF. For that reason, we can see that CAD is becoming quite WEAK. They are currently working to make the USD STRONG with ECONOMIC DATA. Therefore, according to today's US ECONOMIC DATA, STOCKS can go down again. But now USDCAD is getting quite BUY. Anyway, based on the price of USDCAD, we think that it will go back up to the 1.3320 level due to some market sentiment given by the FED and ECONOMIC DATA.
by benny_marshall
Potential $USDCAD Long against 1.3500 Hello Sophisticated Trader, Along with the DXY renewed strength due to the coronavirus fear, the fundamentals seem to point to a potentially weaken the Canadian economy. The Pair has recently broken above the 100MA, a major resistance level and is suggesting a potential rise over the coming week. While 1.3500 stay supported, the pair would have its sight at 1.3800. Remember to buy on support and sell on resistance. Minimize your risk and Maximize your profits. Like, Comment, and Follow. Let's Make Money Together! Happy Trading! Dr. Lydia Smith Sophisticated Trader: Where we teach you what you need to know about trading.
Long
by DrLydia
When will USDCAD's downtrend be over? Maybe soon ....USDCAD has benefited from the weakness in USD and since 19 December 2017, it has been in a downtrend starting from the high of 1.2920 and in 5 weeks, this pair has moved approximately 600 pips. Investors like you may be wondering this pair's movement in the following week. From a technical outlook, you would agree that it has a downward bias. Having said that, we are interested in looking at when this downward bias will come to a pause. Based on our forecast, if the bearish momentum continues, we could potentially see this pair reach the first support level of 1.2250, and if this level cannot provide the necessary support, we are also watching 1.2160 as the second support level, followed by 1.2060 which the third support level. If this pair reacts at 1.2250 and starts to rebound, then we could potentially see this pair to test 1.2420-60 area as our first level of resistance, and if this pair takes out this first resistance level, we will also be watching the second resistance level at 1.2520. We will monitor the price movement of this pair and provide the necessary update accordingly. Good trading NinjaSingapore 27 Jan 2018 DISCLAIMER Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment. Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
by NinjaSingapore