BOC Hikes And Signals More To ComeThe Canadian Dollar has seen fresh demand today following yesterday’s April BOC meeting. BOC governor Tiff Macklem announced a .5% hike, as expected, marking the...
Market Spotlight: NZDCAD Opportunities Around BOC Meeting
BOC Up Next The big focus over today’s US session will the BOC April rates meeting. Following a firmly hawkish shift by the Fed, and a larger-than-expected hike from the RBNZ, the market is now braced...
Market Spotlight: USDCAD Double Bottom
USDCAD Reversal on Watch The combination of lower oil prices this week and fresh hawkishness from the Fed has fuelled a sharp reversal in USDACD. The pair has seen strong reversal candles off the...
USDCAD, H4 | Potential Bearish Drop
Type: Bearish ReversalKey Levels:Resistance: 1.27021Pivot: 1.25985Support: 1.24267Preferred Case:With price expected to reverse off the stochastics indicator, we have a bearish bias that price will...
Market Spotlight: NZDCAD Patter Play on Watch
NZDCAD Triangle On Watch Price action in NZDCAD is worth monitoring here. Following the rally across February and into early March price has since been caught in a block of consolidation under the...
USDCAD, H4 I Potential Drop
Type: Bearish ReversalKey Levels:Resistance: 1.25908Pivot: 1.25304Support: 1.24513Preferred Case:On the H4, with price moving below the Ichimoku cloud, we expect to see a potential for bearish drop...
USDCAD, H4 I Potential Rise
Type: Bullish BounceKey Levels:Resistance: 1.26953Pivot: 1.25884Support: 1.25584Preferred Case:On the H4, with price expected to bounce off the stochastics indicator and the descending channel...
Market Spotlight: EURCAD On Watch
EURCAD Channel BreakEURCAD price action is worth monitoring here. The pair has been trading lower within a broad bearish channel over since Q3 last year. However, the recent test of the 1.3876 level...
Market Spotlight: EURCAD Sinks on BOC Rate Hike
BOC Highlights Upside RisksThe Bank of Canada kicked off its tightening cycle as expected yesterday. BOC governor Macklem announced a .25% hike and signalled further hikes to come across the year. The...
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