I believe usdcad may go up to take out the last high and sweep liquidity before continuing downward. Price had a break of structure and swept downside now it may reverse and grab some buy side.
Hey Traders, in tomorrow's trading session we are monitoring USDCAD for a buying opportunity around 1.36100 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.36100 support and resistance area. Trade safe, Joe.
USDCAD The Canadian Dollar is exhibiting a bearish trend as long as it remains below 1.3678, with targets set at 1.3628 and 1.3612. A reversal and stabilization above 1.3689 would indicate a shift to a bullish trend, potentially extending up to 1.3732. The pivot price is established at 1.3689, Resistance levels at 1.3732, 1.3773, and 1.3825. Support levels...
Hello,Traders! USD-CAD will soon Retest the long-term rising Support line from where I believe we will see A local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
USD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.3649 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 1.3707 which is a level that sits above the 61.8% Fibonacci retracement level and a pullback resistance. Take profit is at...
We will be looking for buying opportunities as the market is still above the support zone and still respecting it resulting in buys
USDCAD - Classic bullish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Buy USDCAD Entry - 1.3639 Stop - 1.3612 Take - 1.3688 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Esteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
Fundamental analysis The US economy should weaken, as the sharp rise in interest rates will still have its effect. If there are signs of a slowdown in the US economy, the reaction on the markets should be strong and a rapid upward movement of EUR/USD should be the result. For 2024, we expect a relatively better development of the economy in the Eurozone, where...
We look to Buy at 1.36. This setup is based on the strong support at 1.36 and confirmation through a break above 1.365, indicating bullish momentum. Risk/Reward would be poor to call a buy from current levels without further confirmation. The measured move target is 1.369, which aligns with the 38.2% Fibonacci retracement level, often acting as a resistance...
buy position is good and news for cad was weak 1.36850 for tp is best
ABC correction of recent downtrend in progress. Current bullishtrend should reach at least 37.6k. A from ABC correction hits double top. This is for better structure. Triangles show resistance and weaknesses of chart progression. The current triangle should be repelling it, making chart go more directly toward objective. The w to z waves are to identify a...
the USDCAD currency pair is presenting a selling opportunity at the price level of 1.37251. This means traders might consider initiating a sell position at this price point. To optimize potential gains and manage risk effectively, traders could set multiple take profit targets. These targets are identified at 1.37000, 1.36600, and 1.36400 respectively, indicating...
✅USD_CAD is trading along the rising support And as the pair will soon retest it I am expecting the price to go up To retest the supply levels above at 1.370 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
I am not entirely convinced that the USDCAD can shoot up without any regressions but I think the only thing that can add to the momentum of the upward trend is a little retest and then from there we go up.
The Loonie (USD/CAD) is falling towards the pivot which has been identified as an overlap support and could potentially bounce from this level to the 1st resistance. Pivot: 1.3561 1st Support: 1.3515 1st Resistance: 1.3631 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to...
The Loonie (USD/CAD) is rising towards the pivot which acts as an overlap resistance and could reverse from this level to the 1st support. Pivot: 1.3663 1st Support: 1.3628 1st Resistance: 1.3685 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs...
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.