Hello traders;
Here is your USDCAD Focus for today;
According to our Currency Strength Meter Mark, the USD reads stronger than the CAD, thus only looking for BULLISH/BUY opportunities on this pair.
NB: These reading apply best on H8 to daily timeframes, and fluctuate from time to time.
SIDENOTE: USD strength is hugely contributed to rising rates, and tightening of monetary policy in motion. We believe the pair has bottomed out in July at the 1.200 exchange rate, and now on its way to prior extreme monthly chart highs. The Canadian dollar is slowly being distributed out for US dollars, hence the range, and some bullish pressure in crude oil also keep CAD afloat, once these to factors come to end, we are likely to see USDCAD blast through resistance for good. Time is ticking down for USDCAD to make any meaningful push to the downside.
Thank you.
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Here is your USDCAD Focus for today;
According to our Currency Strength Meter Mark, the USD reads stronger than the CAD, thus only looking for BULLISH/BUY opportunities on this pair.
NB: These reading apply best on H8 to daily timeframes, and fluctuate from time to time.
SIDENOTE: USD strength is hugely contributed to rising rates, and tightening of monetary policy in motion. We believe the pair has bottomed out in July at the 1.200 exchange rate, and now on its way to prior extreme monthly chart highs. The Canadian dollar is slowly being distributed out for US dollars, hence the range, and some bullish pressure in crude oil also keep CAD afloat, once these to factors come to end, we are likely to see USDCAD blast through resistance for good. Time is ticking down for USDCAD to make any meaningful push to the downside.
Thank you.
Like and Subscribe for more.