🔹 Our Next Major Support is 1.2600 Line 🔔 We will Short USDCAD in the Intraday Chart — seeing a Bearish movement is expected due to Bearish DXY 🌱 - If You're Still Not Part of Pip Of Life 🌱 then You’re MISSING OUT A Lot of Lessons 👀 The goal is to improve your trading skills and make you a profitable trader everyday - week - month !!
Buying pressure seems to be building nicely and pointing to a possible breakout sooner rather than later. A weekly close above 82.00 would be a bullish signal. A successful breakout could target the 84.30 area for starters. The HR chart is showing an expanding triangle at resistance level. Looking mighty bullish IMO but still needs to break away from this...
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.
UsdCad Blue wave (A) is complete. We don’t know where blue wave (C) will end. Canadian Dollar.
The week of August 17, USDCAD had no high. Its open was its high. It then waterfalled down to under 1.30 before bouncing. That low was never revisited. After FOMC, I'd say everyone is expecting a quick return to bull and a quick return to dump town for the once-mighty USD. I'd say they're right, but not before we see some good ol' fashioned manipulation. Long a...
The pair is currently stuck between the Fibonacci channels and the two major trends. If the falling trend with the 0.382 Fibonacci channel is not broken, we can see 1.41 levels again. However, if these prices break these trends, the target will be around 1.20. It contains only personal views and opinions. Does not contain legal investment advice ...
USDCAD is trending in the Downside for a very Long time. It is forming the falling wedge pattern, also it is trading at the end of a falling wedge pattern. Soon we might see an upside breakout from the falling wedge pattern. One can trade with risk management and stop loss with a view of the above pattern formation. Thank You
UsdCad has ended correction and touched the trend line. Should continue up. Least target is 1.4-1.41.
UsdCad seen reversing on a major resistance, However it also broke the trendline twice on pass charts, so with help of our cypher pattern we can actually see a bearish calling for a long sell with respect to(Breakouts,Cypher pattern,S/R). Please also comment, like follow me and share your ideas on this particular pair too. thanks!
Please support this idea with LIKE if you find it useful. Initiate Long. Entry - 1.30735 TP1 - 1.31057 TP2 - 1.31330 SL - 1.30643 Reason: Price retraced from Strong horizontal support and formed a bullush flag, the fact the pattern formed above strong support makes it stronger. Also we see the price was supported by Pivot Point, and MAs (25,50) Thank you for...
Hi Traders, The Market is now on holiday and will open soon, I have seen this setup and believe it will follow the following setup: USDCAD Sell at 1.31675 Stop Loss at 1.31867 Target Proft at 1.31163 Good luck guys!!
Analysis will be in the comments, just wanted to post this before things start playing out
Yesterday was insane. I'm expecting the markets to move relatively sideways today. Only strong news action we have is at 8:30. -Be safe.
USDCAD - Daily chart - Expecting price to reverse down sharply from the daily supply zone around 1.33 which should get triggered tomorrow.. This analysis correlates well with my Oil buy setup for this week as well.. lets see how it goes!!
Usdcad - Weekly - Sellers in control as price continues to make lower lows and lower highs and leaving behind fresh supply zones.
DollarCad Weekly Formed A Bearish Engulfing CandleStick Formation after breaking out of its long term channel, USDCAD already retraced back up creating a lower high and now we have this bearish candlestick formation with a counter trend line break. the daily seems to be a little low already and might retrace, I don't plan getting out since its the beginning of the...