Hi everyone! From a technical point of view on main time frame the trend still remains bearish, but at the same time we think that USD/CAD pair could trigger a bullish consolidation on one hour chart, let's look at what will happen in the next few hours and if the conditions are met, we will publish also some updates on intrady chart. Technically speaking, our...
Hey traders, in this week we are monitoring USDCAD for a buying opportunity around 1.37 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
A key level area for USDCAD here, the 1.28 to 1.26 price point has been rejected several times with a false break in a few days back. The down trend has begun to consolidate and we expect the price to bounce in this area and push back to test 1.30. We have entered the trade long.
Long and short zones marked with tgts...these are important levels based on prev day movement....High probability they will break the blue line and touch the next resistance/support in that direction
Good Morning traders! Today we bring you our analysis in USD/CAD. We want to show you what we are looking for in this pair. 🔸As we can see, the price is in a bullish channel and started a pullback after bouncing off the upper trend line. 🔸Now, it is in a consolidation process with no clear direction. 🔸What we are waiting for is a possible retest of the lower...
Price continues to rest above the ascending trendline at 1.25567 in line with 61.8% Fibonacci retracement and 161.8% Fibonacci extension. Price is likely to rise to the 1st resistance at 1.27816 which is in line with the horizontal swing high and the 61.8% Fibonacci extension. Our bullish bias is further reinforced by how the stochastic is seen to be approaching...
Welcome to our weekly trade setup ( USDCAD )! - 1 HOUR Strong bullish reaction. 4 HOUR Bullish closure above main sr level. DAILY Overall sideways moving market structure, expecting another push to the upside. - FOREX SETUP BUY USDCAD ENTRY LEVEL @ 1.25520 SL @ 1.25080 TP @ 1.26190 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different...
Good morning traders, today we bring you our mid-long-term analysis in the USD/CAD pair, since we consider that there may be a very good buying opportunity. 🔸To carry out this analysis, we will start from a Support zone that we can see in the Weekly chart. 🔸We see that the price is making a bounce there, so we reduce the timeframe a bit towards the daily...
usdcad is testing it support right now, it's testing it now for 41 days, this is a nice entry to buy usdcad. sl placed under the resistance @ 1.25700 use proper riskmanagement disclaimer: this is only an idea, i'm not giving any advice
USD/CAD price is currently break through the pervious resistance , and will be looking toward the next resistance level .
Price is rejecting previous strong support, we should see a bounce up from here
USD/CAD Swing Trade Idea Looking to retest 1.3425 and bounce up to 1.41950. If it fails to bounce off first retest, then looking at a bounce off 1.31450 up to 1.38750. Good luck! And remember, these are just ideas.
This trade looks very promising. The market is currently moving in a descending triangle as shown. This means lower lows and lower highs. We are currently approaching the low of the edge of the triangle. Secondly, the 50 Period EMA has been dis-respected therefore we expect it to bounce back from it. Thirdly, the market is moving above the 200 EMA supporting the...
DAILY CHART EXPLANATION: 🔸 "USD/CAD Breaking the Downtrend" Daily Chart: . . 🔸 Price has been on a Descending Wedge for more than a year. . 🔸 It has broken the Descending Trendline of the Wedge today. . 🔸 We consider it has potential to reach the Resistance Zone at 1.35300, and, if this zone is broken, then the next target is the Resistance Zone at 1.36500. . 🔸...
Possible breakout, great trade opportunity. The two MA confirm the forecast.
Possible buy on the USDCAD. - Monthly TrendLine - 0.5 Fib (Daily) - 200 EMA Looking for 60-100 pips.