Usd/cad

This is a discussion on Usd/cad within the Forex forums, part of the Markets category; Yesterday I attached the predicted support and resistance levels of USDCAD of the Volatility Response Model (VRM) for today. Here ...

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Old Mar 15, 2018, 11:32pm   #526
gka
Joined Dec 2017
USDCAD results for 15th March

Yesterday I attached the predicted support and resistance levels of USDCAD of the Volatility Response Model (VRM) for today.

Here are the results for USDCAD.

Weekly VRM levels in the top 30 minute chart, daily VRM levels in the bottom 30 minute chart. Times are GMT-3 . EMA channel (4,7) included. You will find all these levels on yesterday's post # 525

Low for the day was at the lowest daily sentiment level 1.2947

Once the USDCAD broke through the highest daily sentiment level 1.2967 at 9 am (GMT-3) it was plain sailing up to the top of the daily short term trend channel at 1.3071.

There were some large gaps between VRM levels to trade between.

I always load predictions for VRM levels of USDCAD and 12 other FX pairs at the following link by 6 pm New York time.

https://www.complexhamiltoniansystems.com/fxcharts/

Take a look if you want to see tomorrow's levels.
Attached Thumbnails
2018-03-15-usdcad-30min.png  
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Old Mar 27, 2018, 9:09am   #527
Joined Oct 2015
Fed forecasts suggest three increases in the federal funds rate this year, and Bank of America Merrill Lynch believes that the Bank of Canada will not remain in debt.

Strategists at Bank of America Merrill Lynch believe that the Bank of Canada will follow in the footsteps of the Federal Reserve this year, but if the latter, based on its own forecast, raises the rate one more time, then from the Canadian central bank, we can expect three more increases - in April, July and October. BoAML emphasizes that the exact time of the increases is not exactly certain (perhaps the Bank of Canada will elect for this meeting in May, October and December) and will partly depend on the dynamics of the Canadian dollar, but the central bank will definitely have to act. BoAML note that in favor of tightening the policy says higher inflation, tougher labor market conditions and a good economic growth, which will still feel the consequences of fiscal stimulation in the US.

Bank of America, Merrill Lynch expects that by the end of 2018 the Bank of Canada rate will reach 2.00%, and the US dollar to Canadian currency will reach 1.25, and in 2019 - 1.23.
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