USDCAD is moving in a descending channel, and it's pulling back to resistance at 136500. Price action is making lower lows and lower closes, indicating a bearish trend on the 1 hourly chart. We might see continuation of the bearish trend from the confluence zone where we have fibo golden zone dynamic resistance and channel border. ------------------- Share...
Hello traders, we want to check the USDCAD chart. The price is moving in a descending channel and has pulled back to 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 maintain the downward trend of the price. We expect the price to fall to around 1.34900. Good luck.
Pair : USDCAD ( U.S Dollar / Canadian Dollar ) Description : Bearish Channel as an Corrective Pattern in Long Time Frame and Bullish Channel as an Corrective Pattern in Short Time Frame. Completed " 1234 " Impulsive at Daily Demand Zone and Rejection from Fibonacci Level - 61.80% Entry Precautions : Wait until it Reject or Complete its Retest
USD/CAD still maintains a downtrend after the decision of the Bank of Canada USD/CAD has remained in a downtrend since Wednesday after the BoC voted to keep interest rates unchanged at 5.0%. However, the BoC still leaves open the possibility of raising interest rates even though the economy has weakened somewhat. From a technical perspective, USD/CAD fell below...
🕛 TOPDOWN - Anticipating a Bullish Breakout in a Super Consolidation Phase Overview: The market has been in a super consolidation phase from 2016 to 2023, forming a yearly flag, signaling a potential continuation. Monthly and weekly scenarios reveal a ranging market, seemingly dull, but with indications of a change. The Wyckoff spring on the weekly chart signals...
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 decelerated while approaching support; it created a bullish harmonic pattern. Price is near the psychological level of 1.35000. If you look left, the last time the price surged from the support level We anticipate the same price action, a retest of the resistance, and 38.2% fibo retracement levels. ------------------- Share your opinion in the comments...
USDCAD closed a bear candle below its bull channel support last week, leaving the bulls to wonder if this is the beginning of the end! Will the US Dollar recover and bring us back into the bull channel? How do we trade this? We closed a candle below the bull channel, it's reasonable to be biased to short in the short term. The price may want to make contact...
Dear Traders, Our last idea on USDCAD, was a successful one it rejected at our area and dropped 160 pip; with this setup we anticipating price to do a retracement before it drop further. With accurate stop loss and risk management we can successfully achieve our target on this idea. what do you think of USDCAD?
USD/CAD is forming a Head and Shoulders reversal pattern, potentially signaling the end of this bull channel. The price action has begun to stall and oscillate around the 1.37000 level and is now falling below the 200EMA. We are now faced with a reversal signal in a bull channel. How do we trade this? The probability of profit is greater longing in a bull...
Pair : USDCAD ( U.S Dollar / Canadian Dollar ) Description : Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Completed the Retracement at Fibonacci Level - 78.60%. Completed Impulsive Waves " 12345 " and " AB " Corrective Wave Entry Precautions : Don't Enter Until it complete Correction
The FX:USDCAD pair experiences downward pressure following the release of weaker US inflation data on Tuesday. Moreover, the uptick in crude oil prices is likely supporting the Canadian Dollar (CAD), adding to the pressure on the USD/CAD pair. The technical indicators paint a bearish picture for the USD/CAD pair. The 14-day Relative Strength Index (RSI) below...
Previous USDCAD post was taken down for reasons. I did call a Sell/Short however is not visible to see no longer. My analysis was on point and we did short at the top. Please continue to follow the signal that is now posted for a great profitable session. Shows clear downtrend M formation and has a classic meltdown from here after a multi-pump day....
Hello traders, we want to check the USDCAD chart. The price has broken the ascending channel to the bottom and pulled back to the key level indicated. We expect this level to act as a resistance level and cause the price to fall. If the price cannot break this level and the price falls, we expect the price to fall to around 1.36500. Good luck.
USD/CAD is currently in an uptrend, and the analysis suggests a promising opportunity for a long trade. The key area to watch is the zone between 1.37863 and 1.37787, where there's a potential for a retest. If the price revisits this zone and demonstrates a clear bullish bias along with entry confirmation, it presents an attractive long trade opportunity. The...
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...
According to my analysis, Sell zone opportunity on H1. Observe the money management (Use 1% of your balance )and the stop loss. To notify the analysis, follow me and comments, and questions.
Pair : USDCAD ( U.S Dollar / Canadian Dollar ) Description : Completed " 12345 " Impulsive Waves at Daily Resistance Level. Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from the Upper Trend Line. We have CHoCH and Divergence in RSI Entry Precaution : Wait for the Proper Rejection or Breakout