Waiting for a break and retest of 1.30784 or a pullback into 1.29591 to long USDCAD back to swing high target at 1.32235.
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Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Here you can see a uptrend prediction of USDCAD.
i think market touch the demand zone but due to strong demand on that area smart money didn't break the demand zone so we can see a short term trade for buy side.
if the trend go against the prediction then we just need to wait for the retracement then we enter in a trade.
but my i thought and i'm confident of my...
Hello traders , USDCAD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe.
According to the count, Waves 1, 2 and 3 of a leading downward trend have ended and are now within their 4th wave.
The general structure of wave 4 is a zigzag structure, and from this zigzag, waves a and b are formed...
Reading price action, we can see USDCAD has been making a series of higher highs and lows. Price created a double bottom at 1.27500 key psychological and reacted however we failed to clear 1.28500. soon after price aggressively snapped back to 1.27500. If price breaks below, we will be looking for shorts down to 1.27000. If price manages to hold look for longs...
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USDCAD has broken the downward trend, also it touched a key level, so looks like a nice pullback and nice...
The USD/CAD is actually a nice long trading opportunity.
The trendline is broken and the USD/CAD is on the upper end of the trading range.
The moving average is also broken and we have a potential to the first target of around 100 pips.
Possible long for USDCAD. Price has been moving above the 200 EMA and the 50 EMA for the last few months and has stayed with an ascending trend line channel, indicating a long bias overall. Price has also recently been in a parallel trend line channel for the past few weeks and I am predicting that It will continue to go on and create another swing high/higher...
ANALYSIS:
Support and Resistance.
INDICATORS:
1. RSI
2. MACD
3. Moving average 20, 50,100
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Hi guys i'm already in short from the top i want to hold it till the end of the move! this an entry opertunity for you guys to go for short and don't forgrt to move SL at Breakeven When market start's moving in your profit side ! Use money management! :)
Usdcad seems strong support above 1.300 level and also strong Demand zone if hold above we can see a correction upward
1.3250-1.33
Advice to buy in range of 1.3090-1.3030 sl below 1.2970 TP 1.33
If we see Daily candles of Usdcad we can See Strong Rejection we found around 1.32-1.3280 level and many bearish pin bar formed around this level that means Seller are more powerful on this area then Buyers
So advice sell in range of 1.32-1.3270 sl above 1.3350 tp 1.30
