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AlkalineFX

USDCAD - Buy Bias

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
AlkalineFX  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Technical Indicators Fundamental Analysis USDCAD usdcadshort usdcadlong Technical Analysis COT sentiment BOX stucture priceaction
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trendanalysis indicator fundamental usdcad usdcadshort usdcadlong technicalanalysis cot sentiment box stucture priceaction
I am extremely interested in buys on most XXXCAD pairs but USDCAD in particular. After analyzing the DXY I have a strong feeling that bullish pressure is imminent. I would like to see a pullback into the key area marked followed by significant rejection before I consider my buy position. We need to ensure we see signs of rejection because if we don't we could simply be witnessing a liquidity grab from sellers before the bearish trend continues.

COT Data - 79% Long
IG Client Sentiment Data - 79% Long

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