Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bearish market structure from daily perspective, so I am looking for short. I want price to continue the retracement to fill the imbalance higher and then to reject from 4H bearish order block + institutional big figure 1.36000. Like, comment and subscribe to be in touch...
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trade ideas and full analysis with confirmations of 2 trades im currently in USDCAD BUY EURCHF SELL
Remember HTF is key, using weekly TF we can see that usdcad has broken structure cleanly to the upside leaving a very juicy fvg for next week trading and respective buyside liquidity above as draw on liquidity (dol) I believe Tuesday or Wednesday go possibly trade back to the fvg and create the low of the week thereby expanding as a result of the fomc on Wednesday...
On the H4 timeframe, there is bullish order flow, with higher lows and higher highs created. A throwback to support zone at 1.3380, which is in line with the 61.8% Fibonacci retracement level, could provide bullish acceleration towards the resistance zone at 1.3580, which coincides with the 141.4% Fibonacci extension level. Price is currently hovering above...
This is a possible long setup, without any lower timeframe confirmation, targeting 1.346 at least. However, this may just have been the retracement before heading lower, so I would suggest waiting for more confirmation on lower timeframes to support the entry. R2F
The USD/CAD currency pair, often referred to as the "Loonie", appears to be on an upward trajectory recently. Several factors contribute to this positive momentum for the US dollar against the Canadian counterpart. Here are the primary drivers behind the bullish outlook: Oil Price Dynamics: CAD is closely linked to crude oil prices, given Canada's significant oil...
H4 - Strong bullish momentum Higher highs No opposite signs. Until the two strong support zones hold my short term view remains bullish here.
Market Grabbed the Liquidity and Expanded Much. Leaving a Liquidity Zone and Buy Area Pending on Lower Side. After MSS, We waited for Inducement Level, Increasing the Setup Probability. Now, Expecting another MSS on M15 in POI Zone for Further Buying.
"The train may already have left the station " on this trade but would consider an entry if it came back to the blue zone and rejected and showed signs of continuation to look for longs
I have identified a potentially bullish move for the USD/CAD forex pair Ascending Triangle Pattern: On the daily chart, the USD/CAD has been forming an ascending triangle pattern. This pattern is characterized by a horizontal resistance level and higher lows, indicating potential bullish pressure building up. A breakout above the resistance level could trigger a...
USD/CAD has experienced an ascending trading range breakout, indicating a potential long opportunity. Traders can consider opening long positions as the price surpasses the upper boundary of the range. This breakout suggests a shift in momentum and a potential continuation of the upward trend.
Hi, According to my analysis of the USD pair. There is a high probability of falling. The pair broke the strong support at 1.33350. A very negative candle on the weekly chart. He also tested the same area, but could not break through the broken support. Good luck everyone
looking bullish trend in weekly timeframe bec follow bullish flag pattern
From a technical point of view, it could be interesting to follow FX:USDCAD pair in the next sessions. If we look at the intraday chart Trend is bearish but at the same time, we think that at least one technical rebound around 1.3198 will happen. In conclusion, it might be interesting to accumulate long positions (buy the dip) with small sizes follow 1H Chart. ...
USD-CAD broke out of the Narrowing wedge and The breakout is confirmed So I think that we will see Some more growth !
In the ever-fluctuating world of foreign exchange markets, the upward trajectory of the USD/CAD pair has recently become a focal point of attention. The pair, symbolizing the value of one U.S. dollar in terms of the Canadian dollar, has embarked on an upward trend, signifying the strengthening of the U.S. dollar relative to its Canadian counterpart. One of the...
USDCAD - 24h expiry Trend line support is located at 1.3125. A lower correction is expected. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 1.3175 will confirm the bullish momentum. We look to Buy at 1.3125 (stop at 1.3090) Our profit targets will be 1.3215 and 1.3240 Resistance: 1.3200 /...