Canadian Dollar Outlook Threatens USD / CAD January Growth

Canadian Dollar Technical Value Overview- Latest trading levels

  • Canadian dollar Modern technical business standards – daily and daily charts
  • USD / CAD returns to resistance with annual BoC / FOMC tap
  • Resistance 1.2724 (key), 1.2767, 1.2813 – Support 1.2664, 1.2640 and 1.2582 (key)

Of USD USD / CAD has depreciated by more than 0.75% since the beginning of the week. These are just some of the goal setting shareware that you can use. USD/CAD Price charts. Review My latest Strategy Webinar For deep damage Technical of this Loonie Setup and more.

Canadian Dollar Price chart – USD / CAD daily

Canadian Dollar Price chart - USD / CAD Daily - Loonie Trading Outlook - USDCAD Technical Forecast

Technical View In last week Canadian Dollar Price Outlook CAD: “We noticed that the recovery is in line with the December trend before you pull back. 1.2640 / 46– We are looking for a change in the immediate vicinity of this zone, which is closer than we need to ensure separation. The price passed 61.8% and passed this resistance zone by trying for three days before the rally startedFibonacci The fall of December b 1.2767 Before pulling back. The focus is now on Support When USD / CAD examines the widening volatility – we need less fatigue in the coming days.

Canadian Dollar Price chart – USD / CAD 120 min

Canadian Dollar Price Chart - USD / CAD 120 min - Loonie Trading - USDCAD Technical Forecast

Notes: A closer look at the Loonie price action shows USD / CAD Announces the recent return of the channel, which continues to trade in the rising January downtrend. R.Luck. First support is now available in the slide / 38.2% re-run of the January rally. 1.2664 The purpose of the opening year is lower than 1.2640– Rest below this limit may pose a serious correction. Bully Vanity is now at 61.8% retracement by 1.2582. The first protest now stands near the annual high 1.2724 With the above violation / close 1.2767 The January advance target, which targets the annual high of 1.2813 and above, is needed to signal a resumption.

at last: The USD / CAD rebound is trying to improve its support here soon – for now, we are waiting for the low tide. From a commercial point of view, a good zone should be limited to year-open to minimize losses for short-term defenses. Remember the release of US Non-Farm Payroll (NFP) and Canadian Employment Information on Friday – Awake! Review my latest Canadian Dollar Weekly Price Index Take a closer look at the long-term CAD technical trading standards.

Review Michael’s marketing strategy for a full list Basics of a series of technical analysis In Building a TRading S.Strategy

Canadian Dollar Trading Sense – USD / CAD Price Index

Canadian Dollar Trading Sense - USD / CAD Chart - Loonie Retail Position - USDCAD Technical Overview

  • Summary IG Customer Sense Traders’ net worth is CAD – Ratio is +1.43 (58.88% trades are long) – Normally weak Depression to read
  • They are long placesIt is 8.24% higher than yesterday and 5.92% lower than last week.
  • They are short spaces 13.03% higher than yesterday and 19.25% higher than last week.
  • We typically take a negative view of public sentiment, and traders’ longevity may continue to depreciate against the CAD. But traders are less than yesterday and compared to last week. Recent changes in Emotion Warn that the current US dollar (CAD) trend may rise soon, even though traders have come a long way.

US / Canada Economic Calendar

US / Canada Economics Calendar - USD / CAD Key Info Releases - Loonie Weekly Event Risk

Economic CalendarRecent economic growth and future threat.

Active technical configurations


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