FUND Buy 29.03.2024 09:31
USD/CAD: GDP statistics recorded the growth of the economies of the USA and Canada
The USD/CAD pair is trading around 1.3558, recovering from a decline since the beginning of the week, as a result of which the local lows of March 22 were updated. Activity on the market is gradually decreasing, which is due to the closure of many trading floors on the occasion of Catholic Easter.
TECH Buy 28.03.2024 10:28
USD/CAD: analysis of diagonal levels
Against the recovery of the American dollar, the USD/CAD pair is correcting around 1.3575.
TECH Sell 27.03.2024 08:30
USD/CAD: wave analysis
The price is in a correction and a fall is possible.
On the daily chart, the upward first wave of the higher level (1) of 5 formed, and a downward correction develops as the second wave (2) of 5, within which the wave C of (2) forms. Now, the first wave of the lower level i of C has formed, and a local correction is ending as the second wave ii of C, within which the wave (c) of ii is ending. If the assumption is correct, the USD/CAD pair will fall to the area of 1.3177–1.2850. In this scenario, critical stop loss level is 1.3726.
TECH Sell 26.03.2024 11:18
USD/CAD: the quotes remain in the range of 1.3607–1.3464
The USD/CAD pair is moving in the range of 1.3607–1.3464, awaiting new movement drivers.
FUND Buy 22.03.2024 12:54
USD/CAD: the pair regains lost positions
This week, the USD/CAD pair had ambiguous dynamics: at first, it fell to the area of 1.3455, but by now it has regained lost positions and is trading at 1.3570.