FX:USDCAD   U.S. Dollar / Canadian Dollar
Fundamentals:- After the CPI readings from Canada last week I am expecting a continuation of this turn around. As the currency is commodity linked to WTI crude, which was the main driver in strength for the Canadian dollar last week, The WTI price seems to be lacking any more upward drive. Also the US is still expected to raise rates further as the average hourly earnings increases even though the NFP figures where a little lack luster.
Technicals:- The head and shoulders breakout last week came through nicely but as we reverse on that trend we expect to see the neckline retested as resistance. If it breaks we could see a retest of the shoulders and the head. Check out the linked chart to see the head and shoulders pattern. and visit the main website at BOAFX to get the full analysis
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out