The USD/CAD exchange rate is uncertain around the 1.3170-80 level early on Wednesday morning in Europe. Although the downtrend has paused for now, traders are still looking for more evidence to support buying the Canadian dollar against its US counterpart, especially after a slow Asian session. On one hand, Canada's inflation numbers were disappointing, while the...
We outlined a bearish bias in a previous USD/CAD article which clearly did not play out, thanks to hawkish comments from Fed members, hawkish FOMC minutes and stronger economic data for the US. However, a strong Canadian employment report on Friday has now seen odds shift in favour of a 25bp BOC hike this week – and if that is to be coupled with a soft(er) than...
Very much still in a down trend and has pulled back and rejected to around the 50% fib level, now waiting for break below previous level and signs of continuation on the 15m to look for sells
Waiting for a retest of 1.32050 or 1.32773 to short USDCAD back to 4H swing lows at 1.30927 If you agree drop a like and if you have any questions leave a comment :)
Friends, please support this idea with a BOOST if you find it useful. Might get a strong pullback even if it is uptrend in higher time frames. Reason: - The price is now trading near a strong resistance area . - Weaker support to the downside. Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the...
In a 30-minute timeframe, a sell position towards a specified target was observed on the USD/CAD chart. The designated area, as indicated by the price, must be touched. Please ensure proper risk-to-reward ratio and do not forget to set a stop-loss.
Here is my analysis for USDCAD on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
USDCAD after BOC statment has dropped down which propbebly will retrace to fill the gaps and imnalnces befor it goes down again waiting for a good RR entery and getting the confirmation from my other order flow tools
USDCAD CHART ANALYSIS POSTED ON SUNDAY 09 JULY 2023 Hello Everyone, Welcome to FXMYWORLD. Make sure you do your research and based on your confluence please look for the entry. Don't rush your trades without any confirmation. Thanks in advance for checking my trade idea.
USD-CAD looks nice for a short setup, but first, we need a break of support zone at 1.32659 (pointed white line ) and confirmation on 15min tf to enter in this short setup.
Script shows signs of reversal with upcoming CAD news today. Bearish divergence and AB=CD reversal patterns shows CAD NEWS of employment change will be bearish. Would the chart pattern supports the news or NOT? Also need to check old saying "SHOW ME THE CHART, I WILL TELL YOU THE NEWS"
Hello, according to my analysis of the USD pair, there is a high probability of an upside. With the price breaking the descending channel. Also break a strong model with a double button. Good luck everyone
#USDCAD Let's Short For Short Time, Then Long For Mid Time..All zones in picture ...
If the next bullish candle and breakout than market goes down.This idea is only for educational purpose take trade your own risk .
Position Trade - USDCAD In the Monthly Chart, - Price is reaching again the Supply zone - Although price has been testing it over the years, the Supply zone has been holding. Thus, the price may reach deeper into the zone before dropping again, thereby presenting opportunities in the lower TFs i.e. WK or D1 for SHORTS In the Weekly Chart, - 2 things can...
After the liquidity taken and change of character and the rejection of the FVG we will see a drop in the price it's just idea
I think that the last downward movement can be up to OB or the bottom of the channel, of course, the end of the classic pattern is AB=CD and then the upward movement.
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts. I expect bearish price action from here as we can see that price rejected from half of imbalance + 1H breaker block. Fundamental analysis: Tomorrow we have news on CAD, will be released...