TECH Buy 18.10.2019 08:50
USD/CAD: technical analysis
On the 4-hour chart, the pair is trading on the lower line of the Bollinger Bands. The price remains below its moving averages that are turning down. The RSI is testing the border of the oversold zone. The Composite is about to test from below its longer MA.
TECH Buy 17.10.2019 08:21
USD/CAD: wave analysis
The pair may grow.
On the 4-hour chart, the third wave of the higher level (3) develops, within which a correction ended as the wave ii of 1 of (3). Now, the development of the wave iii of 1 has started, within which the wave (i) of iii has formed, and the correction (ii) of iii has ended. If the assumption is correct, the pair will grow to the levels of 1.3450–1.3564. In this scenario, critical stop loss level is 1.3135.
FUND Buy 16.10.2019 09:12
USD/CAD: the pair is trading mixed
Yesterday, the USD/CAD pair fell moderately, offsetting the growth of the instrument at the beginning of this week.
FUND Sell 11.10.2019 10:27
USD/CAD: general review
On Thursday, the instrument declined after the release of weak macroeconomic data from the United States, as well as due to the publication of Fed minutes, which signal in favor of continuing the cycle of interest rate cuts. The US Consumer Price Index in September showed a slowdown from 0.1% MoM to 0.0% MoM, which turned out to be worse than the forecast of 0.1% MoM.
FUND Buy 08.10.2019 12:03
USD/CAD: growth within a broad consolidation
The USD/CAD pair continues to trade within a sideways trend. Since August, the price has unsuccessfully tested the key resistance level 1.3350 several times, was corrected downwards but later again rose to the level. For two months, the pair has been trading within the range of 200 points. The main catalyst for sideways consolidation is a lack of changes in key macroeconomic indicators in the US and Canada. At the beginning of this month, the rate rushed up again amid favorable statistics on manufacturing orders, the labor market, and US indices.