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Amazon and USDCAD Break Lower as Markets Look Further Into the Future
2021-07-30 01:45:00
Euro Forecast: EUR/USD Breakout Eyes Key 1.2000-Price Level
2021-07-29 20:00:00
Oil - US Crude
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Commodities Trader @Chigrl Talks FinTwit, Women and Trading
2021-07-29 19:30:00
Oil Q3 Technical Forecast
2021-07-29 08:30:00
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What is Earnings Season & What to Look for in Earnings Reports?
2021-07-29 20:30:00
Nasdaq 100 May Outperform the Dow Jones as Treasury Yield Curve Flattens: Q3 Top Trading Opportunities
2021-07-29 06:00:00
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Gold Price Forecast: From Bull Flag to Symmetrical Triangle - Levels for XAU/USD
2021-07-29 18:15:00
Gold Setting Up for Possible Bullish Breakout
2021-07-29 14:00:00
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FTSE 100 Index Forecast: UK Stocks Surge on Robust Earnings Reports
2021-07-29 14:30:00
British Pound (GBP) Price Outlook: GBP/USD Strong, Breaks Above Resistance
2021-07-29 08:00:00
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Yen Q3 Fundamental Forecast: Road Ahead Remains Tough
2021-07-29 05:00:00
Can You Trust the US Dollar Rally? Oil Back on Track? - The Macro Setup
2021-07-28 17:00:00
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  • Amazon Q2 Earnings: -EPS at $15.12, versus $12.28 estimate (23% higher) -Revenue at $113 billion, versus $115 billion estimate (1.7% lower) -Share price tumbled 7% during after-hours trade as the company reported a slight revenue miss and gave weak third-quarter guidance
USDCAD Bollinger Band Setup Once More

USDCAD Bollinger Band Setup Once More

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-cad_body_usdcad.png, USDCAD Bollinger Band Setup Once More

Prepared by Jamie Saettele, CMT

Unable to extend weakness after yesterday’s hawkish comments from the Bank of Canada, the USDCAD formed an inside day. Inside days at the 2nd standard deviation band are low risk contrarian setups (in this case long) and the USDCAD has been bouncing between its 2nd STD DEV (Bollinger) bands anyway since February.

Bottom Line (next 5 days) – higher?

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