USDCAD broke the Crucial consolidation support, liquidity was grabbed at London session. Going Short On USDCAD
I am biased for a sell on USDCAD. I believe it is heading to the 4 hour trend line. This sell is formed by a break and retest to the downside heading towards support on 1 hour structure.
H4 - Bearish convergence. Currently it looks like a pullback is happening. Bearish hidden divergence. H1 - Bearish trend pattern. Currently it looks like a pullback is happening. Bearish divergence. Until the two strong resistance zones hold my short term view remains bearish here.
Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity USDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
The Canadian dollar has depreciated below the 1.37 per USD mark, nearing the one-year low of 1.39 recorded on November 1st, due to the ongoing influence of the Federal Reserve's hawkish stance, which is putting pressure on the loonie.
USDCAD for some time now has been revolving around 1.310 support and 1.3878 resistance level. The overall structure can be said to be bearish looking at the WXYXZ structure formation. From, trading perspective, I expect it to continue to fall from that height 1.3800 back to 1.3100 zone to complete the z of the WXYXZ complex structure.
As it is clear from the chart USDCAD has run the buy side liquidity at 1.385 Then we see 2 strong down candle which can indicate a market structure shift. There are equal lows at 1.345 which price can runs there and raids the liquidity below.
-------------USDCAD SHORT------------- As USD runs out of steam it becomes more clear that this will be a longer correction. All USD pairs are affected, even USDCAD. So I expect this pair to move downwards. Trendline of monthly level around 1.35 can put an end to this corrective move. This is a not a financial advice. Do your own research and analysis.
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.37000. Fundamental news: Tomorrow will be released...
My USDCAD Trade hit TP 🎯. What a move. NFP volatility also helps. Next week we look for another opportunity to short again.
U.S. stocks are on track to post their biggest weekly gain this year as investors express optimism that U.S. interest rate hikes will be halted. This also led to higher bond prices and a weaker dollar. The focus now shifts to the US jobs report, which will be released later today. The Federal Reserve's decision to keep interest rates on hold on Wednesday,...
🚩 New Signal Notification 🔔Scalping(Intraday) & Swing (A couple of day) Strategy Notification time: 2023/11/3 12:19:59 Symbol: USDCAD Direction: Short Price: Between White line and Red line OR Sell Limit on Levels OR Indicator AI signal Take profit: Yellow lines/ min.7 pips Stop Loss: Red lines OR Indicator Thick MA #SB AI signal #New strategy #USDCAD
Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity USDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCAD making the head and shoulder pattern on the H1 timeframe. I'm looking to sell if Candle closes the red line. Share you thoughts., Thanks!
I am sold it because on D1 time frame market made HH but the confirmation of sell I got on H4 time frame. Hope we will make handsome profit on it. This trade may be long term trade to hit TAKE PROFIT 3.
The USDCAD currency pair has recently exhibited a noticeable five-wave impulsive upward movement. This analysis suggests that wave 5 of this impulsive move has concluded at the level of 1.3791 . Consequently, I'm anticipating a corrective ABC wave pattern to the downside. At present, my analysis indicates the potential for the support level at 1.36892 to be...
OANDA:USDCAD The technical analysis of the current market conditions reveals a bullish channel coexisting within a bearish trend. This implies that the breakage of the channel's lower boundary would trigger a subsequent bearish trend. The current price point has reached the channel's apex, and there is a possibility that it may retreat to the lower boundary,...