#USDCAD
USDCAD is currently going UP. This is because the CAD is quite WEAK and the US CPI DATA is very POSITIVE. Currently, MARKETS OVERALL RISK is being OFF. For that reason, we can see that CAD is becoming quite WEAK. They are currently working to make the USD STRONG with ECONOMIC DATA. Therefore, according to today's US ECONOMIC DATA, STOCKS can go down...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hi TRADERS this is my trade set up for the USD/CAD
USD/CAD after creating a possible M pattern looks like going to drop Lower so after break of area take a sell trade
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
please follow like and comment thanks
USDCAD has been bounced from weekly and daily support and is likely to uprise. A buying opportunity arises as per the sketch.
Leave a comment below if you have any questions and press the like the button if you find value in this analysis.
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to...
Hello Sophisticated Trader,
Along with the DXY renewed strength due to the coronavirus fear, the fundamentals seem to point to a potentially weaken the Canadian economy. The Pair has recently broken above the 100MA, a major resistance level and is suggesting a potential rise over the coming week. While 1.3500 stay supported, the pair would have its sight at...
Hello fellow traders, it is clear that price is approaching the upper band, I will wait for the market to pull up one more time and look for a sell setup around the boundary zone,I have also noticed on the cot report, that banks have been increasing longs from 50's(%) to 70"s(%) in the last four weeks yet price is still moving up, a big drop is just around the corner
SL may need revising..
Price just coming off a line of resistance however daily trend suggests price is in a very grey area.
In other words it it can either hit SL or TP, just like every other trade.
USDCAD fell quite sharply over the past few days, It tested and broke out multi days up trend line, which seems to be a false break out as the momentum is quite weaker. I am looking for sharp rallies here, watch out this area and look for buys setups.
Trade Safe.
USDCAD has benefited from the weakness in USD and since 19 December 2017, it has been in a downtrend starting from the high of 1.2920 and in 5 weeks, this pair has moved approximately 600 pips.
Investors like you may be wondering this pair's movement in the following week. From a technical outlook, you would agree that it has a downward bias. Having said that,...
