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
USD-CAD went up to retest The horizontal resistance Of 1.34272from where I think we will see A local move down !
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. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY. 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 if you have your own opinion about it, write in the...
USDCAD on daily has shown that within the channel trade it will begin to reverse and has confirmed a rejection point. We should see a further sell off from here on out. Below is the trade analysis please be advised that we urge proper risk management for the safety of your margin accounts. Thank you. USDCAD Sell/Short ENTRY: 1.34809 TAKE PROFIT: TP 1:...
Merry Christmas Everyone, Dear Traders, This week we waited USD to reverse and show some strong bullish momentum though it did not, however, this week we may see some bullish price movement. It is advisable that we may see uncertain price action due to low liquidity and low volume which is result of holidays worldwide. Good Luck and Trade Safe.
USDCAD is currently trading in an ascending channel, making higher highs. It broke and closed above the resistance level at 1.34000, which is a psychological level as well. The market is consolidating on the higher timeframes in an ascending manner. We anticipate a retest of the major resistance and bullish move. ------------------- Share your opinion in the...
Hello traders, we want to check the USDCAD chart. The overall price trend is bearish and the price has made a correction to the indicated key level. We expect this level to play the role of a resistance level and the price will fall to around 1.31800. Good luck.
In the existing downtrend of the USDCAD currency pair, there is a distinct possibility that the exchange rate may approach and test the support level at 1.31142, unless there is a significant breakthrough in market dynamics. The technical analysis of the market structure points towards a potential pullback, implying a temporary reversal in the prevailing downward...
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...
FX:USDCAD possible downtrend to continue towards 1.3200, as price have shown significant bearish pressure in last few days of the week. while dxy remain bearish cad has gained vast majority of bullish interest and it is likely that this is just beginning of downfall for USDCAD. Good Luck
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!
Recently, the USDCAD has demonstrated a strong downward trend, touching a significant support level on both daily and weekly charts. In the accompanying video, a detailed examination of this trend is presented, carefully analysing price movements and identifying possible trading opportunities through a thorough analysis across multiple timeframes, ranging from...
USDCAD fell out of the bull channel as predicted from last week's analysis and hit the profit target of 135.500. We are now sitting on the 200EMA with no sign of support, do we short? How do we trade this? 🤔 We do not short! We're on potential support, the RSI is at 32.00, we haven't had a good pullback in 10 bars, best to wait on the sidelines. What we...
hello traders this is my analysis for usdcad based on the fib the zone is very good to sell, as always risk managment is the key.
Hello traders, we want to check the USDCAD chart. The price is moving in a descending channel and has reached a key level that the price has reacted to several times in the past. We expect this level to play the role of a support level and the price will grow to around 1.34900. Good luck.