The (USDCAD) is consolidating after the strong gains of the past 2 weeks, but appears to have upside momentum to gravitate to triangle resistance (on the weekly chart) by early May sometime. With the...
The (USDCAD) continues consolidating but should be seeing a volatility surge soon as the triangle (on the weekly chart) nears completion. Before bulls get excited, they’ll want to see the USDCAD close...
A strong U.S. dollar in 2022 caused the Canadian dollar to move lower. However, the C$ made a higher low against the U.S. dollar in 2022 compared to the March 2020 pandemic-inspired low. In early 2023,...
The (USDCAD) has bounced strongly off the November low, and is suddenly testing the 61.8% Fib retrace of the October to November slide. For now, the USDCAD appears to want to complete the Bull Flag consolidation...
The (USDCAD) is nearing the 2022 high, with the catalyst for forming a fresh 2022 high arriving as early as today following the 10am EST US ISM manufacturing PMI. More likely though is for any break...
The (USDCAD) appears poised to reclaim the psychologically key 1.30 whole figure level before month end. Any retesting of the 2022 high would likely have to wait until September.
The trend is always your best friend in markets. In the commodities asset class, April was a bullish month and a continuation of the trend over the past year. Higher commodity prices are bullish for the...
The price action in the commodities asset class has been the most bullish in years since last March and April when prices fell to bottoms because of the global pandemic. As Australia and Canada are substantial...