The (USDCAD) is consolidating after the strong gains of the past 2 weeks, but appears to have upside momentum to gravitate to triangle resistance (on the weekly chart) by early May sometime. With the...
The (USDCAD) continues consolidating but should be seeing a volatility surge soon as the triangle (on the weekly chart) nears completion. Before bulls get excited, they’ll want to see the USDCAD close...
A strong U.S. dollar in 2022 caused the Canadian dollar to move lower. However, the C$ made a higher low against the U.S. dollar in 2022 compared to the March 2020 pandemic-inspired low. In early 2023,...
The (USDCAD) has bounced strongly off the November low, and is suddenly testing the 61.8% Fib retrace of the October to November slide. For now, the USDCAD appears to want to complete the Bull Flag consolidation...
The (USDCAD) is nearing the 2022 high, with the catalyst for forming a fresh 2022 high arriving as early as today following the 10am EST US ISM manufacturing PMI. More likely though is for any break...
The (USDCAD) appears poised to reclaim the psychologically key 1.30 whole figure level before month end. Any retesting of the 2022 high would likely have to wait until September.
he (USDCAD) is in the advanced stages of consolidating near the psychologically key 1.30 whole figure level and 2022 high. Odds are elevated that the USDCAD will sometime in July, extend its Bull market...
The (USDCAD) is trying to halt the pullback that began at the 2022 high a bit more than a week ago, with the weekly Hammer assuring a higher June low versus the May low. Any break of the downchannel...
The USDCAD is trying to complete a 5th straight green weekly candle, and appears to want to test the 2022 high and psychologically key 1.30 whole figure level by early May. A monthly close above 1.30...
The (USDCAD) is gaining for a 2nd straight day, and now comfortably back above the psychologically key 1.25 whole figure level. Significantly, the USDCAD has bounced off Monday’s fresh 2022 low, and...
