FUND Buy 18.11.2019 10:13
USD/CAD: the instrument is correcting
USD declined against CAD on Friday, retreating from local highs, updated the day before. The development of negative dynamics was facilitated by not the strongest macroeconomic publications from the USA, which did not conform to market expectations.
TECH Buy 15.11.2019 08:42
USD/CAD: wave analysis
The pair is in a correction and may grow.
On the 4-hour chart, a downward correction of the higher level formed as the wave ii of 1 of (3), and the development of the third wave iii of 1 of (3) started. Now, the first wave of the lower level (i) of iii has formed, and the development of the local correction (ii) of iii has started. If the assumption is correct, after the end of the correction, the pair will grow to the levels of 1.3349–1.3450. In this scenario, critical stop loss level is 1.3041.
FUND Buy 14.11.2019 11:48
USD/CAD: upward momentum remains
The USD/CAD pair tested the local minimum of 1.3045 and returned to growth.
TECH Buy 11.11.2019 10:34
USD/CAD: technical analysis
On the H4 chart, the uptrend is still in force. The instrument is trading near the upper border of Bollinger Bands; the indicator cloud has expanded, and the uptrend is likely to remain in the short term. MACD histogram is in the positive area. The signal line is crossing the body of the histogram from below forming a signal for opening long positions. Stochastic is in the overbought zone; the oscillator lines are moving horizontally along the border with the neutral zone.
FUND Buy 05.11.2019 09:09
USD/CAD: general analysis
The Bank of Canada has been pursuing a stable monetary policy for a long time: after a cycle of increases, interest rates have not been raised for a year and today remain around 1.75%, equal to the rate of the US Fed.