Market on USDCAD has clear move to upside trend. It will make continuation. Buy at: 1.34797 Stop Loss: 1.34241 Take Profit: 1.35982
USDCAD is at the bottom of a trading range and near the Weekly 200EMA which acted as good support in the last bull trend opportunity from July to October. Now that we're here, should we long? How do we trade this? 🤔 We almost have enough price action to justify a long entry. Longing now would be maximally risky because we don't have a good buy signal bar yet....
USDCAD overtaked 9 january high. So i am bollish on usdcad today.
There are several reasons why we could see a bullish move in the USD/CAD currency pair: 1. **Moderating Canadian Inflation**: Multiple sources, including RBC Economics, NBF, and CIBC, suggest that Canadian inflation is expected to moderate in November. This is primarily driven by factors like a drop in gasoline prices, easing food price growth, and a slowdown in...
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...
As we can see bullish structure on weekly and daily and price has already reacted from the daily support level we can expect price will come down to the demand level marked on 2H time frame before moving further up
USD/CAD has had a hard rejection at the top of the Daily Bull channel. Unfortunately, we did not close the gap between 1.39 and 1.40. Instead, we fall back down to the 1.36500 area and still have some room to fall. I would start longing around 1.36, look for entries on the 1hr or 4hr chart and hold a position until the top of the bull channel. Key Points: 1....
USD/CAD had a fantastic bounce off of the bull channel bottom (1.36600) just below the 1HR 200EMA, leading to a 120 pip run to the top of the channel (1.37800). If you followed my last USD/CAD 1HR Analysis, this was the exact move I was after, which has now ended. Where do we go from here? Key Points when considering a long: 1. We're at the top of a bull...
USD/CAD had a fantastic move to the upside the first week of October which came to an end with a nice double-top reversal pattern last Thursday at 1.37850. Since then, we have had 2 pushes down and landed in a high-volume zone around 1.35800. At this moment, we have a two-leg pull back and about 24 hours of sideways price action on USD/CAD. The longer the price...
Sep 25 Hello Traders In This Chart USDCAD HOURLY Forex Forecast By FOREX PLANET today USDCAD 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 CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding...
H4 - Strong bullish momentum Higher highs No opposite signs. Until the two strong support zones hold my short term view remains bullish here.
USDCAD wi;; come back to test the trendline again, place your buy orders then. Manage your risk accordingly!
there is a good demand zone south the price and I think it would make the price react to it
OANDA:USDCAD USD CAD Long Trade Setup 1 in 1 Hr TF. Price Break Previous L.H
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...
Price broke the previous lower high of the structure, expecting price to resume bullish to test the previous higher high
USDCAD Bullish BAT Harmonic Reversal. Confirmation by Bullish Divergence and new HH HL printing BUY/LONG Order Executed. RR is 1:1 but will ride the trend after TP1 with SL at BE.
This is for short term And this is risky too. Please DYOR before entering the trade.