TECH Sell 09.07.2020 07:37
USD/CAD: wave analysis
The pair may fall.
On the 4-hour chart, a downward correction of the higher level develops as the fourth wave (4), within which the wave C of (4) forms. Now, the fifth wave of the lower level v of C of (4) is developing, within which the formation of the wave (iii) of v has started. If the assumption is correct, the pair will fall to the levels of 1.3315–1.3189. In this scenario, critical stop loss level is 1.3625.
FUND Buy 08.07.2020 08:37
USD/CAD: the dollar is strengthening
Today, during the Asian session, the USD/CAD pair shows ambiguous dynamics, testing the level of 1.3600 for a breakout. Yesterday, the US dollar was actively growing with the support of technical factors, retreating from its local lows since June 23.
FUND Sell 07.07.2020 11:56
USD/CAD: general analysis
Last week, the USD/CAD pair corrected down to reach 1.3549 (Murrey [3/8]) but today, the instrument tries to grow.
FUND Sell 03.07.2020 11:50
USD/CAD: general review
On Thursday, the pair showed an ambiguous dynamics amid the publication of mixed statistics from the United States.