4h IFC (Institutional Funding Candle) made a new high & closed on the low. may short cmp with low risk. set sell limit order as well 1.3600. stop loss: 1.3620-25, target: 1.3480
USD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair. The USD/CAD rate, as indicated on the live chart, shows traders how many Canadian Dollars are required to buy one US Dollar. Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis. Our expert industry insights will...
USD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair. The USD/CAD rate, as indicated on the live chart, shows traders how many Canadian Dollars are required to buy one US Dollar. Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis. Our expert industry insights will...
USDCAD is printing a bearish harmonic pattern in the ascending channel.
Price is creating an equal-measured move on the hourly chart.
The market is consolidating at the D chart, and it has bearish momentum.
We expect further consolidation, meaning bounce-offs between consolidation borders.
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Share your opinion in the comments and support...
USD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair. The USD/CAD rate, as indicated on the live chart, shows traders how many Canadian Dollars are required to buy one US Dollar. Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis. Our expert industry insights will...
Market Analysis: USDCAD on the Daily Time Frame
The USDCAD currency pair has exhibited a notable upward trend on the daily time frame. This trend is characterized by a consistent pattern of higher highs and higher lows, indicating bullish momentum. Additionally, there is a clear breakout (BoS) to the upside, further supporting the bullish bias.
As we anticipate...
Hello Traders, here is the full analysis.
The completed correction, hint at the continuation of growth. GOOD LUCK! Great BUY opportunity USDCAD
I still did my best and this is the most likely count for me at the moment.
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USDCAD is currently trading in an ascending channel.
The market broke and closed above the consolidation zone and psychological level at 1.35000.
Price pulled back to the kill zone: support at 1.35000 and 50% fibo retreatment.
We anticipate a retest of the major resistance.
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#USDCAD froming higher high and higher low in 4h time frame, price broker 1.3540 strong resistance level. Demand zone for long 1.3470-3440, stop loss below 1.3420, target: 1.3535.
On Tuesday, February 20, Canada will unveil the latest inflation data. It is anticipated that headline annual inflation will decrease to 3.2%, marking its first deceleration since October 2023, compared to December's figure of 3.4%. Bear in mind, the Bank of Canada's previously indicated that they expected inflation to persist near 3.5% until mid-2024. The...
Well, as you can see the market structure is still bullish.
Now there are two modes that I will explain.
The first one, there is a strong demand zone that can hold the price and push it up. This demand zone is located at the 0.705 Fibonacci level which makes it more reliable.
The second scenario is the price continues the retracement to the extreme bullish...
Hello Traders, here is the full analysis.
The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! Great BUY 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...
Pair : USDCAD ( U.S Dollar / Canadian Dollar )
Description :
Completed " 1234 " Impulsive Waves and Rejection from Daily Demand Zone or Fibonacci Level - 50.0%. Bullish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line. Strong Divergence in RSI and Break of Structure
Pair : USDCAD ( U.S Dollar / Canadian Dollar )
Description :
Completed " 12345 " Impulsive Waves and " A - 1234 " Impulsive Waves. Falling Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retracement. Break of Structure and Retracement.
USDCAD pulled back from the resistance level.
The market created a divergence and bounced off the support.
Price is most likely to break the channel and make a new extension.
We anticipate a retest of the major resistance and a complete AB=CD pattern.
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