USDCAD Outlook

USD/CAD's rebound lost momentum after hitting 1.3408. 4 hour MACD crossed below signal line again and it's held by near term trend line too. Intraday bias is turned neutral first. On the upside, above...
USDCAD Outlook

USD/CAD dipped to 1.3263 but quickly recovered. The breach of 1.3377 minor resistance argues that the corrective fall from 1.3534 has completed already. Intraday bias is turned back to the upside for...
USDCAD Outlook

USD/CAD's fall from 1.3534 resumed by taking out 1.3275 and reaches as low as 1.3263 so far. Intraday bias is back on the downside for 1.3211 cluster level (61.8% retracement of 1.3008 to 1.3534 at...
USDCAD Outlook

USD/CAD is staying in tight range above 1.3275 temporary low and intraday bias remains neutral first. Fall from 1.3534 might extend lower. But still, such decline is viewed as a correction pattern. He...
USDCAD Outlook

Intraday bias in USD/CAD remains neutral as it's staying in the consolidation from 1.3275 temporary low. Decline from 1.3534 might extend lower and below 1.3275 will turn bias to the downside. But suc...
USDCAD Outlook

USD/CAD's pull back from 1.3534 extended to as low as 1.3275 last week before forming a temporary low and recovered. The decline was deeper than expected but still it's seen as a correction pattern. O...
USDCAD Outlook

Intraday bias in USD/CAD remains on the downside as the pull back from 1.3534 could extend lower. We'd expect strong support at 1.3211 cluster level (61.8% retracement at 1.3209) to contain downside a...
USDCAD Outlook

USD/CAD's pull back from 1.3534 accelerates to as low as 1.3282 so far. The strong break of 38.2% retracement of 1.3008 to 1.3534 at 1.3333 indicates deeper decline is underway. We'd expect strong sup...
USDCAD Outlook

USD/CAD is still bounded in consolidation below 1.3534 and intraday bias remains neutral for the moment. Another fall cannot be ruled out as the consolidation extends. But downside should be contained...
USDCAD Outlook

USD/CAD is staying in consolidation from 1.3534 and intraday bias remains neutral first. Deeper retreat cannot be ruled out. But we'd expect downside to be contained by 38.2% retracement of 1.3008 to ...
USDCAD Outlook

Intraday bias in USD/CAD remains neutral for the moment as the consolidation from 1.3534 continues. Deeper retreat could be seen back to 4 hour 55 EMA (now at 1.3391). But downside should be contained...
USDCAD Outlook

USD/CAD's rise from 1.2968 extended last week to high as 1.3534. Subsequent pull back and bearish divergence condition suggests that a short term top could be formed ahead of 1.3598 resistance. Some c...