USD CAD Technical analysis The Canadian dollar continues to gain, fell to a low of 1.3060, almost the lowest level since July 19 after the election closed Justin Trudeau started his second term as the Canadian Prime Minister with the minority Liberal government. Any progress in U.S.-China trade would likely raise risk appetite and boost the Canadian Dollar. Historically, the…
Canadian Dollar Technical analysis The Canadian dollar continues to gain, last week fell sharply to a low of 1.3058, its lowest level since Nov 17 , any progress in U.S.-China trade would likely raise risk appetite and boost the Canadian Dollar. As mention in, last post: the Canadian Dollar face in a very interesting situation for the continuing trend On…
Trade correlation between the price of oil and Canadian dollar The price of oil versus the Canadian price is not as balanced as it has been throughout historyThere is a very big distortion between the twoI understand that there is a lot of politics now: positive pressure on Iran’s oil and the tension in the Middle East,And the Canadian because the…
USD CAD PRICE TRADE IDEA Canadian dollar made some recover moves due Dollar Index broke above the key 92.00 level, the biggest spike since Dec 2016 – to its highest level since mid-January. With net speculative positioning at extreme shortsSome of the pairs in the forex market are facing critical junction points for a further move against the dollar in…
what will be the next move on Usd cad what the past could tell us on the Ways to Make the Best of Usd cad You’ll note on the outline that the estimated level held as backing at the major 2008-2009 highs in the usd/cad and again in mid-2015 appear again.Since late January, the coin pair has slid in a…