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A potential Setup for USDCAD

As we are heading towards tomorrow’s monetary meeting of the Bank of Canada, a potentially rewarding bullish scenario could materialize for USDCAD if the pair tests the 0.618 Fibonacci level, shown at the 1-hour chart. The pair has formed a triangle that could potentially be crossed north, targeting the 1.3561 level. USDCAD Daily Chart   […]

US Air Strikes Pushing Up USOIL

USOIL was already on uptrend but after US Airstrikes on Syria, the crude boosted higher towards a major resistance zone. Our technical view was quite accurate from our article on 5/4 and the price followed our scenario. Daily The price reached the zone and pulled back. It was a decent short-term selling setup or a […]

USDCAD Daily Technical View

The “Loonie” has two bullish daily candles and creates interest before today’s upcoming news. On the contrary, USOIL is under selling pressure and this weakens CAD pairs. Let us see what we are expecting today as well as the technical view of USDCAD. Upcoming News   Source: ZuluTrade Calendar USDCAD Daily The pair forms a […]