The Canadian Dollar is having its best run in term of pips gained against the US Dollar since 2011/2012. Now, the question becomes whether or not the positively correlated WTI Crude Oil continues to push higher and closer to 2016 highs will propel the Canadian Dollar higher. On March 09, the Bank of Canada will meet and let the market know if they are going to stop the Canadian Dollar’s Bull Run or encourage it further. For now, it is fair to say that if Oil continues its path higher and the Bank of Canada does not talk the CAD lower, we could see USD/CAD pressing below 1.3000. To see our long-term Oil Outlook, check it out here.
Weekly USD/CAD Chart May Favor A Deeper Retracement Than Originally Expected
USD/CAD has touched the 200-DMA for the first time since early September 2014. Since the last move above the 200-dma, USD/CAD moved from roughly 1.0900 up to ~1.4690. This reversal could be a large move in progress and in the making.
The title of ‘Bounce Now or Forever Hold Your Peace,’ is due to the multiple forms of support that we’re sitting at on the chart.
You can see that we have also retraced roughly 50% of the May-January range. Now, a move below support near 1.3280, the 200-dma, signals a move toward the 61.8% of the range above is slightly under 1.3000 at 1.2977. This move may also find support at the 2009 former range highs. These levels are giving way further validate the behavior change that we have been warning traders of happening.
Resistance to Watch
Short-term resistance on USD/CAD aligns with 1.3500, which is the March 7, 2016, weekly R1 Pivot. Beyond 1.3500, resistance moves toward the 1.3650 zone, which was support throughout February before the recent low gave way, and is also the Weekly R2 Pivot. If the price stays below these key levels, the Canadian Dollar rebound could align aggressively with risk and oil.
Canadian Dollar Rally is Set to Last per Sentiment
When looking at sentiment, crowd sentiment has moved positive providing favor for more downside. We use our Speculative Sentiment Index as a contrarian indicator to price action, and the fact that the majority of traders are net-long at a bull: bear 1.40 means a bearish USD/CAD signal is currently at play. Now that the price has broken below the 100-dma, we are forced to stare at the 200-dma. A break below this new key support metric and a move further into positive territory on the SSI would favor further downside towards downside targets mentioned above.
Combining the technical picture above, with the sentiment picture, and the Intermarket analysis support further warns of more CAD gains ahead.
USD/CAD Speculative Sentiment Index as of 3/7/2016
Interested In Learning the Traits of FXCM’s Successful Traders? If So, Click Here
The Canadian Dollar is having its best run in term of pips gained against the US Dollar since 2011/2012. Now, the question becomes whether or not the positively correlated WTI Crude Oil continues to push higher and closer to 2016 highs will propel the Canadian Dollar higher. On March 09, the Bank of Canada will meet and let the market know if they are going to stop the Canadian Dollar’s Bull Run or encourage it further. For now, it is fair to say that if Oil continues its path higher and the Bank of Canada does not talk the CAD lower, we could see USD/CAD pressing below 1.3000. To see our long-term Oil Outlook, check it out here.
Weekly USD/CAD Chart May Favor A Deeper Retracement Than Originally Expected
USD/CAD has touched the 200-DMA for the first time since early September 2014. Since the last move above the 200-dma, USD/CAD moved from roughly 1.0900 up to ~1.4690. This reversal could be a large move in progress and in the making.
The title of ‘Bounce Now or Forever Hold Your Peace,’ is due to the multiple forms of support that we’re sitting at on the chart.
You can see that we have also retraced roughly 50% of the May-January range. Now, a move below support near 1.3280, the 200-dma, signals a move toward the 61.8% of the range above is slightly under 1.3000 at 1.2977. This move may also find support at the 2009 former range highs. These levels are giving way further validate the behavior change that we have been warning traders of happening.
Resistance to Watch
Short-term resistance on USD/CAD aligns with 1.3500, which is the March 7, 2016, weekly R1 Pivot. Beyond 1.3500, resistance moves toward the 1.3650 zone, which was support throughout February before the recent low gave way, and is also the Weekly R2 Pivot. If the price stays below these key levels, the Canadian Dollar rebound could align aggressively with risk and oil.
Canadian Dollar Rally is Set to Last per Sentiment
When looking at sentiment, crowd sentiment has moved positive providing favor for more downside. We use our Speculative Sentiment Index as a contrarian indicator to price action, and the fact that the majority of traders are net-long at a bull: bear 1.40 means a bearish USD/CAD signal is currently at play. Now that the price has broken below the 100-dma, we are forced to stare at the 200-dma. A break below this new key support metric and a move further into positive territory on the SSI would favor further downside towards downside targets mentioned above.
Combining the technical picture above, with the sentiment picture, and the Intermarket analysis support further warns of more CAD gains ahead.
USD/CAD Speculative Sentiment Index as of 3/7/2016
Interested In Learning the Traits of FXCM’s Successful Traders? If So, Click Here
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
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🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
What sources does the Finance Magnates newsroom rely on before publishing a story? #FinanceNews
What sources does the Finance Magnates newsroom rely on before publishing a story? #FinanceNews
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the editorial process: direct industry sources, reports, regulators, social media signals, and thorough cross-checking before anything goes live.
📰 Industry sources
📊 Reports & regulators
🔎 Verification before publication
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the editorial process: direct industry sources, reports, regulators, social media signals, and thorough cross-checking before anything goes live.
📰 Industry sources
📊 Reports & regulators
🔎 Verification before publication
OnePrime’s Jerry Khargi on Infrastructure, Liquidity & Trust | Executive Interview
OnePrime’s Jerry Khargi on Infrastructure, Liquidity & Trust | Executive Interview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
