Type: Bearish ReversalKey Levels:Resistance: 0.81705Pivot: 0.8141Support: 0.80796Preferred Case:On the H4, with prices moving within the descending channel and below the ichimoku indicator, we have a...
Market Spotlight: EURCAD Let's Try This Again
EURCAD Testing Key LevelEURCAD is on watch for me here. I was a little premature it seems at the start of the month looking for a breakout. However, following the failed downside break of 1.3439 price...
Market Spotlight: EURCAD Breakout on Watch
EURCAD Testing Channel TopPrice action in EURCAD is looking interesting here. The pair has been grinding steadily lower within a well-respected bear channel over the course of 2022 so far. However,...
Market Spotlight: NZDCAD Approaching Final Target
NZCAD Sell-Off DeepensThe NZDCAD short trade issued ahead of the recent BOC meeting is developing nicely with price close to hitting the final target at .8351. The Canadian Dollar has been much...
Investment Bank Outlook 22-04-2022
CIBCFX FlowsJapanese Finance Minister Suzuki told reporters that he had discussed the recent rapid decline of the YEN with Treasury Sec Yellen. Both agreed to communicate closely on currency moves. He...
USDCAD H4 | Potential for Bearish Continuation
Type: Bearish ReversalKey Levels:Resistance: 1.26743Pivot: 1.25918Support: 1.25201Preferred Case:Price is near the pivot level and it is on a bearish momentum. We expect price to potentially dip from...
Market Spotlight: NZDCAD Short Hits First Target
NZDCAD Selling OffThe NZDCAD breakdown through .8553 has hit its first target at .8475. With oil prices rallying again recently, CAD has seen better demand. This has also come amidst recent...
USDCAD H4 | Potential For A Rise
Type: Bullish BounceKey Levels:Resistance: 1.26644Pivot: 1.5541Support: 1.24303Preferred Case:With price moving above the Ichimoku cloud, we have a bullish bias that price will rise to our 1st...
Market Spotlight: CADCHF Breakout on Watch
CADCHF Eyeing Key LevelCADCHF is sitting at an interesting level here. Following the breakout above the .7367 highs, price has stalled into a test of major resistance at the .7496 level and is now...
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