15minute timeframe entry
After NFP session Friday price has reached new highs. Scaling into lower timeframes we're anticipating the sell off to rebalance market structure.
The currency pair is forming preconditions for a possible break of the trend support and an attempt to change it. The price forms consolidation near the support even after the level retest. there is no expected reaction - bounce from the level. Bears are trying to dominate
We are getting a chance to see a trend change.
But again, since a bullish trend is...
Spotted a 5 wave move on CADUSD from NOV 1- NOV 6.
The Pair is currently at 61.8% of the 5 wave rise.
Looks like a decent trading set up.
Note*- I do not trade in currency pairs. Please do your own research/analysis before taking up any positions.
The correlation between WTI and Canadian Dollar seems to be breaking down, at least in the short term. Not sure the reasons for this, but posting to hear thoughts. For those unfamiliar with the WTI/CAD correlation, I have added some context.
The Correlation: How Are They Connected?
Commodity-Driven Economy : Canada is known for its abundant natural...
Hello,
Welcome to this analysis about CADUSD on the daily timeframe perspectives. As when looking at my chart we can watch there that CADUSD already initiated a bearish development with the first impulse wave A into the bearish direction. From there on CADUSD showed up with this channel-formation in which it is also forming a local wave-count which is actually...
Hello guys, My Idea on USDCAD is for a Big Push to the Downside , Which from the Daily Timeframe Down to the H4 Timeframe we are Overall Bearish and Which the H4 has Currently Switched Bearish and We are Expecting the Continuation Trend to the Downside for a Good Selling Opportunity from Level 1.36110 . Like and Drop your Comments ❤
The Canadian dollar fell past the 1.34 per USD level, an over two-month low, as the greenback remains strong amid bets the Fed will need to keep interest rates elevated for longer. At the same time, oil prices fell from recent highs and Canada posted the largest trade deficit since November 2020, highlighting the extent of net outflows of the domestic currency...
Hey Traders!
Our examination primarily focused on extended timeframes. The daily chart exhibits a robust double bottom coupled with a validated falling wedge. Given its yet-to-be-realized profit trajectory, aligning with the prevailing market trend, I recommend a continued buying approach.
hey traders, i am back with some profitable ideas. dont forget to BOOST and follow my account. USDCAD is ready for the next long term bull run. Kindly use lots according to your accounts thanks
USDCAD again reacted to the downtrend line and failed to break this line.
Also, the USDCAD reaction led to the formation of the Three Black Crows Candlestick Pattern .
In addition, we can see between two consecutive peaks of Hidden Divergence(HD-).
I expect USDCAD to drop down to the next 🟢 support zone 🟢.
🔅U.S.Dollar/Canadian Dollar (USDCAD), 4-hour time...
You may have heard of a certain Warren Buffett, and it seems like he might be onto something...
Buffett, known as the "Oracle of Omaha," has demonstrated remarkable investment timing, or perhaps an innate ability to steer investment flows. This was clearly illustrated by his investment in Japan, which triggered a rally in the Nikkei to decade-long highs. While...
USDCAD was able to break the 🔴resistance zone🔴 and is currently completing a pullback to the broken 🔴resistance zone🔴.
I expect USDCAD to continue its upward trend with the help of the uptrend line; the upward trend of USDCAD can continue at least up to the resistance line and 🔴heavy resistance zone🔴.
🔅U.S.Dollar/Canadian Dollar (USDCAD), 4-hour time frame...
Good morning forex traders!
I'm sharing with you a trade on EURUSD, you can see that the price broke the channel it was consolidating in and now came back to make a sort of a pullback on it, you can get in and set SL and TP at your own risk.
For more questions or markets to analyze leave a comment!
Good Morning Forex traders, I'm sharing with you a trade on EURUSD, as you can see, the price kept going down on a channel then managed to consolidate for a while, after breaking it the price made a pullback on the channel to continue its way down.
TP and SL set them at your own risk
For any question don't hesitate to ask
Nice comparison of CADUSD and crude. CAD peaked in May 2021 whereas crude continued its move upward and peaked a year later. Both are now synchronized in their move down though I believe crude will start to accelerate soon. See separate charts on both of them.
