As the market continues to push lower we have approached the end of the beginning of a potential trend continuation opportunity. Testing the true low of 2016, we may relieve the spontaneous Loonie Bull pressure before breaking through that resistance level around the 1.2520ish handle and retesting structure levels with a series of lower highs and lower lows. For...
Hi traders! USDCAD has been consolidating in a small region for quite some time now that it has touched a huge support. It may finally be the support we been waiting for.. FOR THAT BOUNCE! Long term is still bearish-ish... but now we can stand tall and LONG this trade now. MACD & RSI begging for a correction!! USDCAD LONG : ENTRY : 1.24911 SL : 1.23758 TP :...
USDCAD made a good progression till it showed us Head and Shoulders formation till MAY and it touched its Fibbo %61.8 band. And touched trough 1.25 band and its one of the MAJOR Resistances for USDCAD. It will show us where to go now. 1st it can test the trend line which tried couple times before and rejected. It might see 1.2440band as we see fibbo %-27 band. 2nd...
Hi traders! USDCAD has been falling like rock for quite some time now. It is due to correct itself if it wants to continue this fall. I aim for a 0.5 FIB retracement for this analysis. RSI AND MACD begging for a correction up before dying as indicators for life!! Trade safe!
USDCAD short setup looking prime. Nice rejection of 61.8 fib
Our preference: position below 1.5005 with targets at 1.4925 & 1.4900 in extension. Alternative Scenario: In excess of 1,5005, aim for a continuation of the rise with 1,5030 & 1,5075 in line of sight. Comment: The RSI is bearish and militates for a continuation of the decline.
Our preference: sales position below 1,2925 with targets at 1,2865 & 1,2830 in extension. Alternative scenario: in excess of 1,2925, aim for a continuation of the rise with 1,2950 & 1,2970 in line of sight. Comment: as long as 1.22925 is not exceeded the risk of a depression of 1.2865 is important.
in this area and in a long term view, price complete two strong bullish pattern. so we have a strong support here.
Really good opportunity to buy USDCAD from current point with low risk and good ratio up to 1/4 AB=CD almost 99 % completed Watch closely H4 timezone
I'm still waiting for a big down side move on the USDCAD
USDCAD If I was to pick a trade for next week it will be this one. Downtrend continuation is eminent next week with this pair.
Right now, I have no suitable reason to avoid this trade. Every single parameter I check before entry, all are positive in this setup. # Multiple time-frame pitchfork support. # Multiple time-frame MACD Regular Bullish Divergence. # Multiple time-frame Stochastic RSI "Over Sold" # Bullish Harmonic Pattern. My Facebook Page: web.facebook.com
search a rejection candle in selected aria, stop loss below 1.3150.
As requested by one of my Facebook page's followers, I've published a trading analysis for the USDCAD Forex pair. As shown on the graph represented to you, the US Dollar-Canadian Loonie Forex pair has been trading on a rising channel for quite some time. Whenever the prices hit the top/bottom of the rising channel, a substantial fall/rise follows. That being...
Our preference: position bought above 1.3220 with targets at 1.3300 & 1.3345 in extension. Alternative scenario: in break of 1.3220, a continuation of the decrease will be envisageable with 1,3185 & 1,360 in line of sight. Comment: The RSI is bullish and militates for a continuation of the rise.