CAD CPI Up NextTraders will be keeping a close eye on Canadian CPI today on the back of recent easing from the BOC. The bank has now cut three times in this cycle, after being the first to cut rates...
Brent Oil Forecast: Potential Price Rise Ahead
Last week the price of Brent oil formed the bearish trap and broke the supporting zone formed between levels 71.50 and 72.50. However, the price of this asset rebounded to the broken supporting zone...
USDCAD H4 | Bullish Bounce
TitleUSDCAD H4 | Bullish BounceTypeBullish BouncePreference:price has just bounced off the pivot of 1.3562, an overlap support. A bounce from this level could lead the price to rise to 1st resistance...
CAD Drops Ahead of Expected BOC Rate Cut Today
Fresh BOC Rate Cut ExpectedThe Canadian Dollar is back in focus today as BOC meets for its September rate-setting meeting. The BOC is widely expected to press ahead with a further .25% rate cut,...
USDCAD M30 I Bullish Rise
TitleUSDCAD M30 I Bullish RiseTypeBullish RisePreference:Price is currently the pivot of 1.3445, an overlap support. A bounce from this level could lead the price to rise to 1st resistance at 1.3467,...
Brent Oil Forecast: Potential Price Rise Ahead
The price of Brent oil is currently approaching a strong supporting zone formed between levels 71.50 and 72.50. It is also important to note that oil has already gained the required support in this...
Loonie Testing Key Support Ahead of CAD Inflation
USD Sinks on Fed Easing ExpectationsDollar weakness is the main theme of markets this week. With US inflation seen falling last week for a fourth consecutive month, Fed easing expectations have moved...
USDCAD H4 I Bullish Bounce
TitleUSDCAD H4 I Bullish BounceTypeBullish BouncePreference:Price is falling toward the pivot of 1.3661, an overlap support close to 78.6% Fibo retracement. A bounce from this level could lead the...
Bitcoin Forecast: Potential Price Rise Ahead
The price of Bitcoin abruptly dropped and tested the supporting level of 50000. After that, the price of this asset formed a long spike, rebounded, and tested the level of 54000. This signifies the...
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