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Usdcadanalysis

USDCAD | New perspectiveThe USDCAD appears to be aiming for a bullish moment in the new week after identifying multiple rejections of the 1.28500 area by the buyers. However, we cannot ignore the possibility of a bearish momentum drive after witnessing the breakdown of the bullish trendline identified in the daily timeframe. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
USDCAD |New perspectiveThe Canadian dollar appears to be gaining momentum on the back of lower Treasury yields and weaker US data as we head into the new week. From a technical perspective, the multiple rejections of the 1.030500 area in the space of a month further emphasize the strength of the sellers at this juncture in the market hereby raising my inclination for a selling opportunity in the new week. This video illustrates how I intend to take advantage of a bearish momentum as we anticipate the final trading week of the month. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
USD/CAD Short Trade UpdateHey Guys! The Usd/cad's weekly bias was short. Or in other words, price was likely to reach 1.2400 before reaching 1.3075. However, there was lower confirmation last week that changed the weekly bias into long. In other words, price was now likely to reach 1.3075 before reaching 1.2400. So I was waiting for lower confirmation of yet again strong short strength to confirm a weekly short bias, however, it never formed thus I did not enter this set up. In this post I review the set up from start to finish. As well as what I'll be looking for in the coming weeks on this pair. That's it! I'll keep you guys updated! Ken Disclaimer: This is not Personal Financial Advice.
Short
by TradingForexPriceAction
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