USD-CAD will soon hit The horizontal resistance Of 1.35257 from where We are likely to see A local bearish correction !
As you can see, I expected that the price rose to more than 180 Pips and had a bearish reaction after collecting the liquidity above the previous high. Now, by examining the 12-hour chart we can see the price created the FVG and I expect it to fill in the short term, then we can define a bullish order block where we should study the price in the lower time frame...
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here I think we are still bullish, so I am looking for short. I expect price to continue the retracement to fill half of imbalance and then to reject from support zone + institutional big figure 1.34000. Fundamental news: Tomorrow we will see results of Unemployment Rate on CAD. Like,...
By examining the 8-hour USDCAD chart, we can define the market structure as bearish. There is a strong supply zone that broke the structure and also it coincided with the POC line, previously the price felt the FVG but could not enter to supply zone and was rejected. Now the price created the liquidity pool formed as an equal high below the institutional...
Hello Traders, here is the full analysis. The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity USDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or...
15minute timeframe entry After NFP session Friday price has reached new highs. Scaling into lower timeframes we're anticipating the sell off to rebalance market structure.
Pair : USDCAD ( U.S Dollar / Canadian Dollar ) Description : Completed " 1234 " Impulsive Waves and Rejection from Daily Demand Zone or Fibonacci Level - 50.0%. Bullish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line. Strong Divergence in RSI and Break of Structure
USD-CAD went up to retest The horizontal resistance Of 1.34272from where I think we will see A local move down !
USDCAD is displaying a bullish trend on the 4-hour chart, supported by a breakout above the ascending trendline after completing the 5th wave. The current formation suggests a bullish pattern following a 38% retracement and adherence to an ABC wave structure. Consider potential long entries in anticipation of a continued upward trajectory in the market.
I am waiting for a retrace on USDCAD. After the break and retest of major trendline, i think we will see a sell pressure till the buy zone in the 1.334-1.336 area. This is a good bounce point targeting the 4Hr resistance at 1.3475
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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
USDCAD could fall 138 pips if it can stay below 1.35342 Why 1.35342? Let's just round it and say $1.353 Canadian dollar. The exchange price for the United States Dollar is decreasing which means Canadians are able to buy the Dollar at a cheaper price. Evidence High(H) & Low(L) Per the 4 our timeframe, price is declining. The current falling price of...
There are indications that the USD/CAD pair is poised for a shift towards a bearish trend. A double top pattern has emerged on the 4-hour chart, suggesting a potential reversal. Additionally, the presence of a breakout from the existing trend raises the prospect of a trend reversal. Traders may anticipate a retest of the breached zone, providing an opportunity to...
I see a tipycal setup on USDCAD. Break of major trendline, retest, divergence on H4 timeframe. I expect a drop of the price till the daily resistance at 1.336. Dollar weakness should confirm the setup
The USDCAD pair has overbought conditions and Canadian dollar gains strength on strong crude oil prices, which indicates a potential downside move for USDCAD.
Pair : USDCAD ( U.S Dollar / Canadian Dollar ) Description : Completed " 12345 " Impulsive Waves and " A - 1234 " Impulsive Waves. Falling Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retracement. Break of Structure and Retracement.
USDCAD pulled back from the resistance level. The market created a divergence and bounced off the support. Price is most likely to break the channel and make a new extension. We anticipate a retest of the major resistance and a complete AB=CD pattern. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Topdown analysis on USDCAD. The dollar pairs are kinda bullish, but i still trust the USDCAD to drop