Hello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price is inside ASCENDING CHANNEL. One can go long after it breaks its TRENDLINE RESISTANCE. Let us know your views on this in the comment section. Thank you all. There is good news...
Long USDCAD @ 1.2510; TP @ 1.2750, SL your choice
Hello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price broke from its Resistance. One can go long Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing...
Long USDCAD @ 1.2444; TP @ 1.2701, SL your choice
Hello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price is close to its Resistance and can fall from here Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be...
A classical downtrend pattern can be seen in the weekly time frame. A perceived USD weakness might keep the USDCAD bears in full control this week. A closer view to the 1H time frame shows the classical double top pattern, a bearish pattern. I would likely bet on a bearish continuation this week.
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.2665). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDCAD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
USDCAD is seeing some upward momentum on the back of risk leaving the market. Oil has also seen some profit taking which is contributing to this rise. MACD also seeing crossover to add to our confluence. We will look for positions at 1.2711 (above previous high) STOP - 1.2675
Offer: sell below 1.2775 with a first profit tick of 1.2740 and a second profit tick of 1.2720 Alternative offer: (in case of price trend change) When the price penetrates above 1.2775, the price first starts moving towards 1.2795 and 1.2815.
EURCAD is consolidating in a fixed range. Now, we may see a breakout from the consolidation pattern, as it formed a head and shoulder pattern (as shown in the chart). According to chart pattern analysis, we might see a downside in EURCAD. One can initiate short trade with risk management and stop loss. Thank You.
Offer: sell below point 1.3010 with the first profit tick of 1.2970 and the second profit tick of 1.2955 Alternative offer: (in case of price trend change) When the price penetrates above 1.3010, the price first starts moving towards 1.3025 and 1.3040.
4HR USDCAD Technical Analysis - COUNTER TREND TRADE. Technical aspects: Pattern: Small descending channel smaller term , until it's broken Bullish flag Intra day could come into play if it breaks towards upside. Resistance: 1.31248, 1.31410, 1.31793, 1.32076 Support: 1.30639, 1.30367, 1.30048 If it breaks towards resistance area of 1.31248 I'd see the...
Anticipating a downside movement for Cad, Expecting 1.30212 as an objective, we should hit 1.30880 and see a run lower
Long USDCAD @ 1.3000; TP @ 1.3260, SL your choice