In my opinion, USDCAD appears to be showing signs of a potential reversal as it forms a falling wedge pattern on the 1-hour timeframe, with the current price finding support at a specific level. The falling wedge pattern typically indicates a bullish reversal, suggesting that the downward momentum may be weakening.
Considering this pattern and the support level,...
USD-CAD is trading in a
Range and the pair went
Down to retest the support
Level of the range (1.33336) and we are
Seeing a bullish reaction
Already so I think that
We will see some
Further growth soon !
Dear traders, USD/CAD is on a support level in the daily chart.
So far, the bears have not been able to break the support level.
So, if the level continues to hold, there is possibility of going long
in USDCAD@1.33-1.3320 with SL below the support level and
TPs at 1.3470,1.2550 and 1.3650 respectively .
I'm feeling too generous giving away half of my setups for free haven't done this in a while so if you see this in time your welcome....If not follow the page might become a regular thing
Hello Traders
In This Chart USDCAD DAILY Forex Forecast By FOREX PLANET
today USDJPYD analysis 👆
🟢This Chart includes_ (USDCAD market update)
🟢What is The Next Opportunity on USDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
Hello, all!
Potential reversal in USDCAD coming, with it bouncing off of 50% Fibonacci level traced back from 2020. highs.
Also, Canadian employment data are in favor of this potential move.
Targeting the 200-day Moving averages.
Currency Pair: USD/CAD
Trade Details:
- Entry: Buy USD/CAD at the current market price
- Stop Loss (SL): 1.33169
- Take Profit (TP): 1.36383
Trade Rationale:
Based on technical analysis, there are several factors indicating a possible reversal for USD/CAD and a potential upward move of at least 280 pips:
1. Support Level: The price has reached a significant...
there is a change in the elliot notation on this pair. if you look at the pattern that has occurred, then a complex correction has occurred and may enter the final period. I am more inclined to buy. looking at the existing history, the price always responds positively to the trend line, so the big possibility is bullish. bullish analysis can fail when the price...
USDCAD is range bound between 1.3320 to 1.3650 region. Sometime ranges are good option to trade just sell the top and buy the bottom. Will USDCAD play this scenario this time ?
Dear traders, after Bank of Canada's rate event yesterday, USD/CAD dropped
to the 1.3321 level. However, the fall was arrested as it is a strong support level .
Based on the current price action, it seems the 1.3320 support level would continue
to hold.
So, if price action becomes bullish at this level and the support level stays
unbroken, traders can consider...
as we can see, there is a FTR near here and since the price have reacted to the mouth FL of this FTR, I believe that there is a good chance that with this CP approach, we'll see a good reaction to this supply zone.
⚠️ Notice:
I will enter one third of my position when price touch the box and the rest of it in the middle of the box. My TP would be R/R=3 and...
The USD/CAD has been consolidating since late last Friday. Key levels include 1.346 and 1.345 for the upper bound and 1.341 and 1.340 for the lower bound. The market appears to be in the middle of the storm that might be unleashed after the Bank of Canada’s (BoC) interest rate decision on Wednesday.
In January, the BoC made history by being the first major...
USDCAD made a reasonable impulse from the channel and has currently printed another continuation pattern.
looking forward to taking the break outside the pattern and setting my stops just above.
Potential Bullish Entry Dow Theory In Place -
Higher High and Higher Low Expected in Place
Formation of double bottom coupled with bullish divergence (Bullish reversal pattern)
Entry, SL & TP Levels are defined.
USDCAD seems to have turned bullish on multiple time frames. We are waiting for a correction to end on the lower time frames before we enter long.
Various factors and patterns supporting out bullish stance has been plotted on the price chart.
