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Trade Ideas for USDCAD, DOGECOIN and Bitcoin

UC Keeps Sinking, What's Happening With the Crypto Craze Now

USD/CAD Analysis 
USD/CAD on the daily chart sinks after Canada disappoints on their CPI m/m and as US oil inventories were more than what was wanted this month. Right now, price has come down to a long term falling trend line for possible support. However, this pair has been making new lows for the past year, so it will be hard to shift momentum the other way.
BTC/USD Analysis 
Bitcoin breaks under a one month trend line and is stuck underneath as the crypto craze takes a step back. One analyst is now calling for a 50% drop in Bitcoin's prices since he sees the market as "frothy" for the time being. If price can't break above that trend line, it could be bad news for the crypto. Heavy support also lies in the low $40Ks.
DOGE/USD Analysis 
Dogecoin enters a wedge yet again after it had its meteoric rise in price to $0.42. Right now, the meme-based crypto is at the bottom of the wedge on the 4H chart and could be looking to bounce off. If it doesn't, there is key support around $0.15.

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Impeding Correction In The Equities Markets?

9/17/2021 Stocks are down -0.58% this morning after coming down to test a significant level of support once again. While stocks fall, the dollar rises in the anticipation of sooner-than-expected tapering by the Fed along with a hike in interest rates starting in 2022. Our outlook Other than September being one of the worst months […]

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EURUSD- Is It Now Time To Sell This Pair?

9/16/2021 The Euro-Dollar pair is down over 0.5% today after several days in the red. Today's speech by EU president Lagarde mentioned how the economic recovery had come quicker than expected six months ago. This was praised by the prompt vaccine distribution so citizens could get back to work. Across the pond, the US just […]

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What To Make Of The Latest CPI News

9/14/2021 This morning's report on CPI m/m and core CPI m/m came in at a lower percentage than expected which resulted in a falling dollar pre-New York session. The USD is now volatile under the uncertainty of potential tapering and rising rates while the equities market seems to be rising because of this. Our outlook […]

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Institutions Dumped The Buck- How To Trade This

9/13/2021 Big money has been moving out of Australia's currency for nearly a month now which has been the biggest drop in long contracts in this amount of time year-to-date. Australia's dollar index (AXY) is up 0.06% at 73.61 on the day after rebounding from the lows around 71.19. Our outlook Australia's economy has surprised […]

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