So it's true that the usdcad has gone out of the rising channel but you can not ignore the current situation. In the weekly chart, the USDCAD is still on the rise. You can see that currently the usdcad is supported by the support of the Ichimoku cloud, so long as we stay above the cloud it is a positive sign. And in the end, we left the most important point-...
UCAD is in a clear sell on the weekly timeframe. However, the daily MACD shows the moving averages touches with a possible crossover to the upside. The 4hr shows a slight move to the upside but closely approaching the 50EMA zone at 1.311. Will look to see what price does here. Will take long position if price breaks the EMA and retests. Also, divergence on...
Only in the weekly graph are we still on the upward trend, in all other chart times (H4, D1, MN), the model has changed to a bearish model. The USDCAD was stopped at 1.3090 because of the support we have there. The Stochastic is currently at Oversold. Short term: The USDCAD can rise to 1.3170 / 80 Long term: 1.2950
OANDA:USDCAD SELL LIMIT 1.3460-1.3490 TP1-1.3360 TP2-1.3270 SL-1.3540
Will be looking at the PRICE ACTION near support. There are two SUPPORTS, one at 1.3380 and the other at 1.3338. I will be looking for BUYs if price reaches these SUPPORT LEVELS and target 1.3520 as TP.
Hi everyone. Please refer to the image. Beware of CAD news coming out tonight (SEA time). It might move the pairs then. For now its still not moving much. Maybe waiting for news data. TAYOR and all the best traders! KHALID HAMID
Hello guys. Please refer to the image. This is what I see for USDCAD. After a nice drop following my previous analysis, I'm going for a long because the resistance has been retested multiple times, making it weaker. Usually, price will go back there to break it. Let's see. Don't forget to put a risk on your trade. TAYOR! KHALID HAMID @ tfspriceaction
Disclaimer - I could be wrong/Trade at your own risk...
Price has been pushing down while forming LHs and LLs on the smaller time frame, my entry was based on the H4 close which broke 1.34200 and pushed up for liquidity forming another LH on H1 as it retested it's broken support. My goal is to ride the current market momentum to the daily demand zone for a 1:3.
In the H4 chart, USDCAD is expected to test the 3/8 level, rebound from it, and then falling towards the support at the 0/8 one.The lines in the H4 and H1 charts are completely the same and confirm the scenario described above. 50-day and 100-day simple moving average (SMA) near 1.3350/40 could restrict the pair’s near-term declines, a break of which can recall...
FX_IDC:USDCAD I am demo trading and documenting my progress. This is not intended to be a sell signal ! Wedge Structure on 1H Retest of Daily Support and bounce off 1.3330 - Buy prediction on 4H and 1HR with SL set at daily support Buy at CMP - 1.3340 SL - 1.3330 TP - 1.3370
OANDA:USDCAD I am demo trading and documenting my progress. This is not intended to be a buy signal ! Ascending Trendline Structure on 4H Possible Retest of 4H Support - Currently Competing M Structure - Buying At Support Zone Buy Limit - 1.33200 SL - 1.3247 TP - 1.3617
I can see this move play out on USD/CAD Daily chart, slight pull back nothing major and a retest at trend line resistance and Daily resistance zone!
Both fundamental and technical analysis confirm an imminent downward move. Beware the short squeeze as the institutional traders try to vacuum up all the 'dumb money'.
Pair: USDCAD Prediction: Buy / Long Target: 1.32000
Inverted Head and Shoulders in USDCAD! -Wait for the breakout of the neckline for confirmations! ALSO: Possible outome #2: DOUBBLE BOTTOM! - Be carefull with bear traps ;)