Another USDCAD $$$ on the Way. Price broke out of a correction after retesting/making a 3rd touch on a bullish flag on higher TF.
⭐️ Smart investment, Strong finance ⭐️ USDCAD INFORMATION: The USD/CAD continues to decline for the third straight session, trading below the psychological level of 1.3600 during Tuesday's Asian session. The Canadian Dollar (CAD) receives some support from the rise in Crude oil prices and positive market sentiment. Currently, the price of Western Texas...
USDCAD closed a bear candle below its bull channel support last week, leaving the bulls to wonder if this is the beginning of the end! Will the US Dollar recover and bring us back into the bull channel? How do we trade this? We closed a candle below the bull channel, it's reasonable to be biased to short in the short term. The price may want to make contact...
Dear Traders, Our last idea on USDCAD, was a successful one it rejected at our area and dropped 160 pip; with this setup we anticipating price to do a retracement before it drop further. With accurate stop loss and risk management we can successfully achieve our target on this idea. what do you think of USDCAD?
USD/CAD is forming a Head and Shoulders reversal pattern, potentially signaling the end of this bull channel. The price action has begun to stall and oscillate around the 1.37000 level and is now falling below the 200EMA. We are now faced with a reversal signal in a bull channel. How do we trade this? The probability of profit is greater longing in a bull...
This is for short term Daily candle break the structure lookin for sell Marked Possible Sell zone Once Reached Entry zone Look for Liquidity sweep and BOS in LTF then Enter And this is risky too. Please DYOR before entering the trade.
This is for short term Marked Possible Buy zone Once Reached Entry zone Look for Liquidity sweep and BOS in LTF then Enter And this is risky too. Please DYOR before entering the trade.
The US dollar faces its biggest weekly decline in months against the euro, yen and franc. This comes after investors began selling in anticipation of a near 100 basis point interest rate cut in the United States expected next year. By Friday, the dollar had fallen 1.6% from a week earlier, trading at $1.0854 against the euro, its steepest decline since...
Pair : USDCAD ( U.S Dollar / Canadian Dollar ) Description : Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Completed the Retracement at Fibonacci Level - 78.60%. Completed Impulsive Waves " 12345 " and " AB " Corrective Wave Entry Precautions : Don't Enter Until it complete Correction
This is for short term Marked Possible Buy zone Once Reached Entry zone Look for Liquidity sweep and BOS in LTF then Enter And this is risky too. Please DYOR before entering the trade.
USD/CAD bounced nicely off of 1.36300 for a nice 200+ pip run to the upside. We ended last week with a Daily Pin Bar Bear candle, and DXY (Dollar Index) was in a trading range. Where does that leave us for this week? First, we're in a bull channel which means the probability of profit is in the bull's favor. I am looking for a long entry and have no interest in...
H4 - Bearish convergence. Currently it looks like a pullback is happening. Bearish hidden divergence. H1 - Bearish trend pattern. Currently it looks like a pullback is happening. Bearish divergence. Until the two strong resistance zones hold my short term view remains bearish here.
Speaking on Tuesday, a number of hardline Fed members hinted that the economy may be weaker as a result of the tightening of financial conditions since July, which has seen a rise in 10-year Treasury yields of more than 100 basis points. However, it will take more time to determine if this effect is sustained. "Inflation has decreased somewhat, but it is still...
The Canadian dollar has depreciated below the 1.37 per USD mark, nearing the one-year low of 1.39 recorded on November 1st, due to the ongoing influence of the Federal Reserve's hawkish stance, which is putting pressure on the loonie.
Dear traders, USD/CAD has slowed down after hitting the top of the price channel on the daily chart. If the channel resistance holds, we can expect USD/CAD to gradually fall back to the bottom of the channel. So, selling the rallies in USDCAD@1.3800-1.3840, SL : 1.39 and TP : 1.3570 is a probable sell trade.
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.37000. Fundamental news: Tomorrow will be released...
U.S. stocks are on track to post their biggest weekly gain this year as investors express optimism that U.S. interest rate hikes will be halted. This also led to higher bond prices and a weaker dollar. The focus now shifts to the US jobs report, which will be released later today. The Federal Reserve's decision to keep interest rates on hold on Wednesday,...