What a beautiful move we've seen in this Pair... As we mentioned in our previous post about USDCAD that its approaching towards critical point 1.3310... And it did showed respect at our mentioned area and built a solid support and bounced back We congratulate to those who took profit out of this previous analysis 👍
Is oil moving up again? I don’t see that. Remember this Canadian dollor is supposed to be a commodity currency pushed by the price of oil. I checked the USD’s DXY, which shows a little strength in the US dollar over the last few days. There seems to be no solid drive here for this incline, but I am unsure if it is sustainable over the long run. There are hardly...
USDCAD Bullish BAT Harmonic Reversal. Confirmation by Bullish Divergence and new HH HL printing BUY/LONG Order Executed. RR is 1:1 but will ride the trend after TP1 with SL at BE.
This is for short term And this is risky too. Please DYOR before entering the trade.
Hey Eveeyone, hope you are doing great, USDCAD has been bearish since last week due to CAD being extremely bullish. So what we are looking at right now with USDCAD is we expect this pair to drop a bit more as now more buyers will come in the market and more likely stop hunts will begin. GOOD LUCK and Trade Safe!!!!
Hey Fam, i'm getting into a buy position on usdcad pair Good luck all and follow for more
FX:USDCAD on the daily, there is the support channel from the beginning of the year being respected and reversing the price. entry from 1.34394 to 1.33969 SL 1.33530 TP 1.38047
The USDCAD pair succeeded to continuing the bearish trend on the intraday and short term basis, paving the way to head towards 1.3310 as a critical point which if breaks will put additional pressure of selling with mentioned targets in above mentioned Chart. the bearish bias will be expected in the upcoming sessions
Descending channel at daily support. Price has decelerated after approaching support - now looking for a small reversal.
Hello Traders, this is my intraday trading idea for usdcad. Target 1.357
Despite USD news and economy in the country we cant forget about technical behaviors, we have a reached a demand zone that can push price up to local resistance following a potential push down to highlighted area. BUY!!
Dear Traders, after creating HH price dropped significcntly due to CAD being extremely bullish. DXY has been bearish and we have no strong bias. As we progress through the week, we strongly believe DXY to bullish which will help USDCAD to continue towards our premium selling zone. USDCAD, SHOULD NOT break this area as otherwise it may test the daily lower low....
Its update of my last analysis of USDCAD. The price had pullback and broken up correction, so I think the price get back to up as soon as possible.
- Descending channel at daily support - 0.5 fib retracement at entry point - Equal measured move at entry point
USDCAD broke a triangle and retested it I expect it to reach the target specified on the chart, with expectations of strength for the Canadian dollar and weakness for the US dollar
A falling wedge occurs when the price makes multiple swings to new swing lows, but the price waves are getting smaller. This creates a downtrend where the price waves to the downside are contracting or converging.
Hey Guys! I just took a long entry at 1.3732 with a stop loss at 1.3627 and the main target at 1.3976. In this video I review the reason for the entry as well as how I plan to manage this trade. That's it! I'll keep you guys updated! Have a great day! Ken
I have just picked up a long entry on USD/CAD looking for 1.38622 as my overall target.