Pair: FX:USDCAD
Timeframe: D1 - Long Term (LT)
Direction: Short
Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames
- Price action is at the top-end resistance of a parallel channel
- Horizontal trendline looks like a supply zone across few periods
- Aiming for the 32.8% Fibo Retracement with 23.6% as...
The USD/CAD currency pair presents an intriguing opportunity for a sell trade, with technical indicators suggesting a potential downward movement in price.
Technical Analysis:
Resistance Level: The pair is currently approaching a significant resistance level, which has historically acted as a barrier to further upside movement. This resistance level indicates a...
1 HR and 4 HR time frames are Bullish
There is 1 HR and 4 HR Demand zones
Price Broke Structure and is retesting Demand Zones for possible Bullish Run
Wait for Your favorite Entry signal in Demand Zone
Place SL below Demand Zone
The Loonie has been hovering between 1.31 and 1.39 for the past two years, and we're quickly approaching the upper boundary of this weekly range. Will there be another sell-off?
Let's dive into what the price charts reveal. We're riding a 17-week uptrend on the weekly chart, with last week's candle showing an especially bullish move—over 200 pips—pushing us near...
The reasons why I strongly believe this move will happen are the following:
According to the CFTC non-commercials are shorting CAD.
Non-commercials have 20,388 positions long and 68,914 positions shorts. This means that they are selling more CAD than they actually buying it. According to this info we could expect a move to the upside.
From a monthly...
Welcome back! Let me know your thoughts in the comments!
** USDCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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This is our Day Trade master plan to Heist Bullish side of USDCAD Bank. My dear Robbers U can enter at the any point above my entered area, Our target is Red Zone that is High risk Dangerous area. Be safe and be careful and Be rich. Loot and escape near the target 🎯
Hello traders, we want to check the USDCAD chart. The price is moving in an ascending channel and has reached the specified resistance level. We expect this level to stop the upward trend of the price and the price will fall to around 1.36600. Good luck.
Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look only for long position. My point of interest is if price makes a retracement to fill the imbalance lower and then to reject from trendline + S/R zone + institutional big figure 1.36000.
Like, comment and...
Trading Setup:
A Trading Signal is seen in the USDCAD Currency Pair.
Traders can open their Sell Trades NOW
⬇️Sell Now or Sell on 1.3703
⭕️SL@ 1.3738
🔵TP1@ 1.3588
🔵TP2@ 1.3528
🔵TP3@ 1.3421
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading...
USDCAD is moving in an ascending channel.
The volatility of price movement has decreased.
The chart has reached the 50% retracement level of the last upward impulse.
The price is above the level of dynamic support.
We expect a rebound after a retest of the current support.
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Share your opinion in the comments and support the idea with...
Towards the end of last year, FX:USDCAD found itself testing the crucial support zone at 1.32. Subsequently, the pair reversed its course and, as of the beginning of February, has been consistently forming higher lows on our daily chart while pressing the significant resistance level at 1.36.
I anticipate that this resistance will ultimately be breached, paving...
✔️USDCAD is expected to rise
✔️Recommended to consider buying
🟢 Try to BUY🔼 all the Dips !!!
✔️Confirmation Buyer Limit Area
Trade active:
Now try to go up with new buyers...
✔️Buy the dips!!!
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDCAD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the...
Pair : USDCAD ( U.S Dollar / Canadian Dollar )
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame
Break of Structure
RSI - Divergence
Completed " 12 " Impulsive Waves
Demand Zone
USDCAD has reached the retracement level of 78.6%.
The price broke through the level of dynamic resistance, which will now act as support.
The chart worked out the growth of the previously formed harmonic pattern "Bat".
We expect a retest of the nearest level followed by a rebound from it.
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Share your opinion in the comments and support...
USDCAD is moving in the local descending channel.
The chart reacted 4 times with an immediate decline on reaching the upper boundary of the channel.
The price is still under strong resistance coinciding with the 88.6% retracement level.
We expect a pullback from the upper boundary of the channel.
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Share your opinion in the comments and...
USDCAD has failed to break the resistance level more than 6 times.
The price formed a bearish takeover from the level.
We expect a pullback from resistance and a retest of the 50% retracement.
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