USDCAD US Dollar/Canadian Dollar

USDCAD London Session Report - 2026-03-16

Session London Session
Date March 16, 2026
Bias
🟒 Long
Confidence Medium

Session Snapshot

  • Open: 1.36918
  • High: 1.37137
  • Low: 1.36863
  • Close: 1.37000
  • Change: +0.06%
  • MCM State: Markup
  • Volume Context: High

Supply/Demand Zones

Demand Zones

Zone Range Status Strength
D1 1.3686-1.3692 Fresh Strong
D2 1.3670-1.3675 Tested Moderate

Supply Zones

Zone Range Status Strength
S1 1.3710-1.3715 Fresh Strong
S2 1.3725-1.3730 Tested Moderate

Support/Resistance Matrix

Level Type Price Strength Distance
R2 Psychological/Structural 1.37500 Strong +0.36%
R1 Structural 1.37200 Moderate +0.15%
Current - 1.37000 - -
S1 Structural 1.36900 Strong -0.07%
S2 Psychological 1.36800 Moderate -0.15%

Liquidity Hunt Map

  • Buy-Stop Clusters: 1.37150-1.37200
  • Sell-Stop Clusters: 1.36800-1.36850
  • Recent Sweeps: Session low at 1.36863
  • Next Target: Buy stops above 1.37150

Fear Factor Meter

FEAR [DXY=108.5↑, VIX=14.2, US10Y=4.52%] GREED
              β–²
        Score: 6/10 - Neutral-Greedy

Directional Bias

  • Bias: Long
  • Confidence: Medium
  • Rationale: London momentum favors continuation in markup phase with fresh demand holding; USD strength from DXY supports probable upside.

Action Zones

Setup Entry Trigger TP1 TP2 SL
🟒 Long D1 1.3686-1.3692 Spring/OB bounce 1.37140 1.37250 1.36790

Momentum View

IF pullback tests fresh D1 demand and holds with bullish OB β†’ likely markup extension toward S1 supply.