Note: This section contains information in English only."The price of USD/CAD rose back toward resistance near 1.3150/3000 on Friday when Canada released June Employment figures that underwhelmed what economists were expecting after a stellar May report."
– Tyler Yell, Forex Trading Instructor (based on Daily FX)
Pair's Outlook
[ANNOUNCE]The US Dollar booked a session of gains against the Canadian Dollar on Friday, as the currency exchange rate surged from 1.3005 to 1,3044. During the session, the pair was fluctuating between a bottom at 1.2989 and a top at 1.3090, where it met the upper Bollinger band. In the first half of Monday's trading session, the USD/CAD pair had surged to 1.3061 by 11:30 GMT.[/ANNOUNCE] Such gains are also in accordance with the daily aggregate technical indicators, which forecasted a surge for the pair today.
Traders' Sentiment
SWFX market bullish sentiment has increased by 1%, as now 59% of open positions are long, compared to Friday's 58%. In the meantime, pending orders in the 100-pip range are 62% long.
Mon, 11 Jul 2016 13:42:12 GMT
Source: Dukascopy Bank SA
– Tyler Yell, Forex Trading Instructor (based on Daily FX)
Pair's Outlook
[ANNOUNCE]The US Dollar booked a session of gains against the Canadian Dollar on Friday, as the currency exchange rate surged from 1.3005 to 1,3044. During the session, the pair was fluctuating between a bottom at 1.2989 and a top at 1.3090, where it met the upper Bollinger band. In the first half of Monday's trading session, the USD/CAD pair had surged to 1.3061 by 11:30 GMT.[/ANNOUNCE] Such gains are also in accordance with the daily aggregate technical indicators, which forecasted a surge for the pair today.
Traders' Sentiment
SWFX market bullish sentiment has increased by 1%, as now 59% of open positions are long, compared to Friday's 58%. In the meantime, pending orders in the 100-pip range are 62% long.