The Canadian Dollar is seemingly heading for the worst 2-week period since the middle of February. With retail traders becoming more bearish, will USD/CAD continue higher from here?
We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.Oil - US Crude IG Client Sentiment: Our data shows traders are now net-long Oil - US Crude for the first time since Aug 30, 2023 when Oil - US Crude traded near 81.43.Oil - US Crude IG Client Sentiment: Our data shows traders are now net-long Oil - US Crude for the first time since Aug 30, 2023 when Oil - US Crude traded near 81.43.
On the daily chart below, USD/CAD has confirmed a breakout above the key 1.3668 inflection zone. The latter has its beginning from earlier this year, around April. Heading into Thursday’s European trading session, the exchange rate is aiming lower. Recent gains have been occurring alongside negative RSI divergence.
This shows that upside momentum is fading, which can at times precede a turn lower. Still, in September, we saw the 50-day Moving Average hold as support, maintaining the broader upside focus. It may very well again in the event of a pronounced drawdown. That would place the focus on the 61.8% Fibonacci retracement level of 1.3568. Otherwise, extending higher turns the focus on the March high of 1.3862.
We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.a registered Introducing Broker with the Commodity Futures Trading Commission and is no longer a Member of the National Futures Association in the U.S. Any and all information provided by FXP is not intended for use by U.S. residents or individuals domiciled in the U.S.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Canadian Dollar pinned to the bottom as US Dollar continues to march higherThe Canadian Dollar (CAD) continues to sink against the US Dollar (USD) as broad-market risk-off flows remain the overall theme for investors on Tuesd
続きを読む »
USD/CAD: The risk of a spike is highThe Canadian Dollar advanced in September which was notable given the broad US Dollar strength. Economists at MUFG Bank analyze Loonie’s outlook. CAD
続きを読む »
USD/CAD trades higher near 1.3710 on market caution, downbeat Crude pricesUSD/CAD traces the upward path on the fourth successive day, trading higher near 1.3710 during the Asian session on Wednesday. The pair is experiencin
続きを読む »
USD/CAD Price Forecast: Loonie Primed for PullbackUSD/CAD prices are trading at a key resistance level with technical analysis potentially setting up for a reversal.
続きを読む »
USD/CAD Price Analysis: Remains choppy near 1.3700 ahead of US Employment dataThe USD/CAD pair trades back and forth near the round-level resistance of 1.3700 in the European session. The Loonie asset struggles for a decisive mo
続きを読む »
USD/CAD: The technical risk of a correction could raiseUSD/CAD holds in narrow range around 1.37. Economists at Scotiabank analyze the pair’s outlook. Support 1.3675/80, Resistance 1.3735/40 Firm jobs data
続きを読む »