Price action patterns often don't create perfect double tops or double bottoms. Usually the spike of second High reach to top of body of previous high. In this case Previous high is in first yellow circle from 5th April 2016. Right now the spike on H4 reached the top of body of the candle from previous high. It also is around big round number (1.32000) and on...
USD/CAD Technical Strategy: Selling the Rip Remains Favored Play on USD Weakness Trader Sentiment Favors Further CAD Strength LT 38.2% Fibonacci Retracement Line at 1.2750 In Focus
A chart speaks a thousand words! Entry was spot on...! :) www.tradingsignalreviews.com
SUMMARY: The secondary trend of USD/CAD is bearish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 1.3800. If it breaks this level on the downside and sustains...
in main analizy the usd after all positive will change now to his state ( comfort zone ) as i think it start SHORT will givew around 100 pip OR MORE SO , gust see ferist after you can take your risk HAPPY TRADING
The USD has spent most of Monday recovering and although progress has been subdued on USD/CAD there are reasonable signs that a swing low may be in place at 1.38 area. Price sits just above the 38.2 fib of last weeks range and a LONG trade here (I'm in at 1.3834) looks a to have a decent chance though I'm not loving it. Tight STOP at 1.3804 for a 30 pip risk with...
RECOMMENDATION: SELL SUMMARY: The secondary trend of USD/CAD is bearish on charts and price is trading below the trend line in its daily chart. In daily chart the price is sustaining above 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 1.4100 and support at the level of...
1.41022 USD/CAD: 3.Target (2576 Chance) 1.40162 USD/CAD: 2.Target (1716 Chance) 1.39771 USD/CAD: 1.Target (1325 Chance) 1.38446 USD/CAD: last Price 1.36369 USD/CAD: last Support (2077 Risk) You can use the support levels as stop-loss price level. And alle 3 targets also even as take profit price leves too, if you want. But take care! Think about it - and create...
SUMMARY: The secondary trend of USD/CAD is bullish on charts and price is trading above the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining below 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 1.3997 and support at the level of 1.3883. If it breaks its...
SUMMARY: The secondary trend of USD/CAD is bullish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining above 50 day SMA and taking support of 200 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 1.3980 and support at the level of 1.3840. If it breaks its...
Hello Traders! The weekly forecasts prepared at the personal request of the Trader - AdeOluseun! Dear traders, we ask you to be careful with USDCAD currency pair, as the market is currently highly overbought on daily chart and we see by means of EWA/EWP, Volume, Cluster&Delta, Market Profile analysis, that major market participants lose interest in the growth...
Hello Traders! Suggest you, take a look at the USDCAD (6C) currency pair, in terms of the Elliotte Waves, Fibonacci, Market Profile, Volume, Cluster&Delta analysis! We hope that our modest work, will help many traders in the World to find the way of truth in future market prices! (We are sure, that you can predict better, than this one) Have a Nice Trades &...
Please feel free to leave me any comment or recommendation of constructive criticism so I can improve or make commentary more clear for you to read;or if you agree or like this idea support by thumbs up. Thank you.Sam USDCAD is offering relative aggressive trade with entry at current levels based on consecutive shooting stars at resistance levels. Accompanied...
While I like the short of this pair much better, price still illustrates that this pair is range bound. Will consider a smaller position size on the long. Confirmation of a continued uptrend will occur on breakout above 1.28500.