20 December, 2018 by Aayush Jindal in Market Analysis
The US Dollar traded higher recently and broke the 1.3400 resistance against the Canadian Dollar.
There is a major bullish trend line formed with support at 1.3420 on the 4-hours chart of USD/CAD.
The Canadian CPI increased 1.7% in Nov 2018 (YoY), less than the forecast of 1.8%.
Today, the US Initial Jobless Claims will be released, which is forecas...
03 November, 2017 by Aayush Jindal in Market Analysis
The US Dollar remained elevated above the 113.50 pivot against the Japanese Yen.
There is a crucial bullish trend line in place with support at 113.60 on the 4-hours chart of USD/JPY.
The US Non-farm Productivity in Q3 2017 (Preliminary) rose 3%, compared with the +2.4% forecast.
Today, the US nonfarm payrolls report for Oct 2017 will be released, w...
10 March, 2017 by Aayush Jindal in Market Analysis
The US Dollar formed a solid uptrend against the Canadian dollar and moved above 1.3400.
There was a successful close above the 100-day simple moving average in USDCAD at 1.3280, which is a positive sign.
Today, the US nonfarm payrolls figure for Feb 2017 will be released by the US Department of Labor, which is forecasted to register 190K, versus 227K ...
02 December, 2016 by Aayush Jindal in Fundamental Analysis, Market Analysis, Technical Analysis, USDCAD
USDCAD – US Dollar Bearish Vs CAD Ahead of NFP Report
The US dollar seems to be struggling against the Canadian dollar, and may trade lower.
There is a crucial bearish trend line formed on the hourly chart of USDCAD, which may act as a resistance near 1.3400-20.
The US nonfarm payrolls will be released by the US Department of Labor today, and the ma...
07 October, 2016 by Aayush Jindal in Market Analysis, Technical Analysis, USDCAD
The US Dollar is on a winning streak against the Canadian dollar, and may continue to move higher.
There is a contracting triangle pattern formed on the 4-hours chart of the USDCAD pair, which may provide us the next break.
Today, the all-important US nonfarm payrolls report will be released by the US Department of Labor.
The forecast is slated for ...