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Market Spotlight: CAD GDP in Focus Next

CAD GDP Up NextThe release of Canadian GDP today will be closely watched following the recent BOC meeting. While the bank somewhat disappointed CAD bulls by holding off from any policy adjustments, it...

Market Spotlight: NZDCAD Hits Final Target

The NZDCAD trend play initiated a fortnight ago from .8553 has now hits its final target at .8351. Weakness in NZD linked to the return of a nationwide lockdown there, as well as strength in CAD...

USDCAD, H4 I Potential Rise!

Type:Bullish BounceKey Levels:Resistance: 1.28479Pivot: 1.27396Support: 1.26503Preferred Case:With prices moving above the Ichimoku cloud, we see the potential for a bounce from our pivot at 1.27396...

USDCAD, H4 I Potential Bullish Rise

Type: Bullish BounceKey Levels:Resistance: 1.27888Pivot: 1.26951Support: 1.26543Preferred Case:With prices moving above the Ichimoku cloud, we see the potential for a bounce from our pivot at 1.26951...

Market Spotlight: Trading Today's BOC Decision

Hawkish Expectations Ahead of BOCAhead of the FOMC tonight, the Bank of Canada rate decision later today is drawing a great deal of attention given the market’s hawkish expectations. With Inflation...

USDCAD, H4 I Potential Rise

Type: Bullish BounceKey Levels:Resistance: 1.26974Pivot: 1.26042Support: 1.2564Preferred Case:With price moving above the Ichimoku cloud, we foresee potentially a bullish bounce that price will bounce...

Market Spotlight: NZDCAD Heading to Second Target

NZDCAD Breakdown Looking GoodThe drop off in risk assets across the week has benefitted our NZDCAD sell idea very nicely. Price has now broken through the initial target at .8475 and is on course to...

NZDCAD, H4 | Short-term Bullish Bounce

Type: Bullish BounceKey Levels:Resistance: 0.85096Pivot: 0.84637Support: 0.84474Preferred Case:Price is abiding to the descending trendline resistance, signifying an overall bearish momentum. However,...

Market Spotlight: CADCHF & Canadian CPI

CAD CPI In FocusToday’s Canadian CPI print will be the key data focus for the US session. CAD has been one of the strongest performers of 2022 in light of the uptick in oil prices and hawkish BOC...