USD/CAD: Awaiting US Retail Sales Amidst Central Bank Divergence As the European trading session kicks off on Monday, the USD/CAD pair grapples with resistance under the 1.3450 area. The downward pressure on the pair is attributed to a weakening US Dollar (USD), compounded by a less-than-robust US Producer Price Index (PPI) report. Market Dynamics: Elevated...
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 How To...
Very Choppy price action, and would prefer shorts, but in order to look for the entry I would look for a 4h close back into structure and below blue line and a retest on a lower time frame and a lower low to take the entry. However if there is a bullish close and a Higher High close on the 4h there may be an opportunity to go long
As it is clear from the chart the overall trend is bearish but the is a bullish orderblock at 1.32 which support the price until 1.34 At this price range there is a Bearish FVG and Bearish mitigation which indicates the possible bearish scenario SL would be equal highs at 1.36 The first target is reaching to bullish orderblock again.
HELLO TRADERS!! As i can see after a big downtrend on USDCAD now a retrace done and its showing rejection here at this level again also you can see it is unable to break the trend line and US $ weakness is the ongoing.. Wars ahead around the middle east escalating more and more which is not good for US $ friends charts are clear like diamond our risk and reward...
USD/CAD Bears Unleashed: Navigating the Bearish Momentum The USD/CAD pair maintains its downward trajectory, securing another leg of the bearish journey after encountering resistance at the pivotal 1.3400 level. The 50% Fibonacci level once again proves to be a significant turning point, serving as a robust barrier within the 50% - 61.8% Fibonacci resistance...
HELLO TRADERS !!! As i can see this pair USDCAD formed a double top pattern after a test of a solid horizontal resistance on an hourly time frame. I expect a retracement till design Tps Friends its just an trade idea kindly share ur thoughts with us in comment sessions
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here I think we have a good short opportunity from premium zone if price continues to go higher to fill the imbalance and then to react from institutional big figure 1.35000. Like, comment and subscribe to be in touch with my content!
looking bearish trend in 4h timeframe beacuse follow 12345 waves pattern
USDCAD breaks out a rising Wedge which is a continuation pattern. The market was already in a downward trend then this deep retracement happened which formed the rising Wedge correctively. PS: USD High impact News coming in less than an hour. Be careful.
USDCAD still inside strong channel down, we can follow bearish movement to reach previous support at 1.31203 if this channel broken, we still have fibonacci resistance at 1.34526 to hold bullish. Best stoploss above fibonacci resistance. Good luck
Hello traders, this week, there hasn't been much significant movement in the DXY. We've observed two inside bars on the daily timeframe, indicating a period of ranging. Personally, I'm looking for the CPI data to potentially drive the price down. This would align with my interest in selling USDCAD, especially after taking the ERL. I anticipate targeting the next...
USDCAD W1 - The price is near the lower border of the sideways band, but was unable to break through the previous lows. Expecting a rebound to the upper limit with an update to the previous high of 1.38990. It is also worth considering that there may still be a move down to update the minimum, or a continuation of the downward movement in the event of...
Down trend still in tact looking for a bearish 4h close below the blue line in order to look for shorts
Looking for shorts going into next week after the holidays. Looking for a pull back and rejection on a 4h close to invalidate the temp usd strength and to look for the short
USDCAD has been Ranging in higher timeframes. On lower timeframes, a Bear market predominates. Price approaching Significant Zone: 1.30900 - 1.31775 Although zone was used previously as support, momentum indicates probable continuation passed this zone onto lower prices - unless proven otherwise by future price movements. Opinion is currently Neutral ...
Hello Traders! This is my perspective for USDCAD H1. As we can see, in this parity we're in a bearish trend, and I expect a retracement until the price of 1.33100, where we have a resistance level and also an OB. Also, it looks like a formation of BOSS vs COACH. Traders, if you liked my idea or if you have a different vision related to this trade, write in the...