Hey Traders. in today's trading session we are monitoring USDCAD for a buying opportunity around 1.34700 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.34700 support and resistance area. Trade safe, Joe.
USDCAD is almost neutral on its 1D technical outlook (RSI = 55.021, MACD = 0.001, ADX = 15.874) as the price has been mostly ranging within the 0.5 - 0.618 Fibonacci zone for the past two months. The 1D MA50 held and the push crossed over the 1D MA100 again, so on the short term we expect a HH on the 0.382 Fibonacci (TP = 1.36400). After that test, the price...
Hey Traders, in today’s trading session we are monitoring USDCAD for a buying opportunity around 1.34100 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which t is approaching the trend at 1.34100 support and resistance area. Trade safe, Joe.
The USDCAD pair gave us a strong buy signal last time we traded it (February 09, see chart below) but was rejected right under the 0.618 Fibonacci retracement level: A similar rejection happened on December 07 2022 and April 25 2023 which resulted into a sell-off to the lower Support Zone. Even though the medium-term pattern is a (dashed) Channel Up, the...
Hey Traders, in the coming week we are monitoring USDCAD for a selling opportunity around 1.35400 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.35400 support and resistance area. Trade safe, Joe.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 Here is a detailed update top-down analysis for #USDCAD. USDCAD is hovering around the lower bound of the wedge pattern. So we will be looking for trend-following buy setups on lower timeframes. 📚 Always follow your trading plan regarding entry, risk management, and trade...
Hey Traders, in today’s trading session we are monitoring USDCAD for a buying opportunity around 1.35700, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.35700 support and resistance area. The current scenario suggests a disinflationary trend in Canada when examining inflation and wage dynamics....
USDCAD 1H The pair moved with horizontal resistance level. 1.3275 We can see the price had a fakeout. 2 Times retested with support. The best way to use this opportunity is to place a Buy order with, 🗣 BUY ORDER AT 1.358300 🗣 TAKE PROFIT 01 1.36000 🗣 TAKE PROFIT 02 1.36300 🗣 STOP LOSS AT 1.3530 The upcoming news will not influence your orders within the...
I'm expecting to see a continuation of this local uptrend, fully breaking through my descending dynamic channel. USD has improving data, with CAD declining, and quite a lot of data this week that I believe will confirm my assumptions.
Hey Traders, in the coming week we are monitoring USDCAD for a buying opportunity around 1.35300 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.35300 support and resistance area. Trade safe, Joe.
USDCAD is currently in a range, as we can see on the volume profile we have made a very nice distribution curve, we are also in a smaller distribution amongst this larger one. If we manage to break the high of the smaller balance, we may be likely to head to 1.3 area. Keep an eye on it next week, to find its path.
In the upcoming week, our focus shifts to USDCAD, where we're eyeing a potential buying opportunity around the 1.34300 zone. Currently, USDCAD is entrenched in an uptrend but is undergoing a corrective phase as it nears the 1.34300 support and resistance area. Adding a fundamental layer to this analysis, recent hot CPI and PPI data in the US underscore the...
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.34630 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.34630 support and resistance area. Adding a fundamental layer, The recent CPI data in the US has shown signs of inflationary pressure, with...
USDCAD at 4h time frame FVG taken just we need Waite for bullish price will rise to 1.35400
The USD/CAD pair on the M30 timeframe exhibits a potential selling opportunity due to a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Key Points: Bearish Channel: As visualized on the M30 chart, the price has been confined within a descending...
In the one-hour timeframe, the price has reached a support range. We have to wait for the news results. If the news is positive, this level will be broken.Which is likely to be the case.
On our last USDCAD analysis (December 01 2023, see chart below), the price action gave us an excellent sell entry that easily hit our 1.3400 target: The pair has since rebounded above both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). We expect the 1D MA50 to hold and deliver a new short-term rebound towards the 0.618 Fibonacci level (Target...
Greeting Traders! In today's trading session, we're eyeing a potential buying opportunity for USDCAD around the 1.34000 zone. Currently, USDCAD is in an uptrend but undergoing a correction phase as it nears the 1.34000 support and resistance area. Adding a fundamental layer to our analysis, Chair Powell's recent shift in stance regarding a March rate cut is...