This analysis is still in line with last week's analysis, still looks bullish. on TF H4 seen forming a flag, most likely it is to continue the bullish trend when it breaks from the flag. valid analysis as long as the price does not fall more than the invalid area
-fundamentally we have a strong USD compared to CAD considering the banking crisis stabilizing and predicting a higher chance for a soft landing for the fed -on the technical side : we have reached a a key level in the Daily and the 4H timeframes , RSI divergence in 5\15min timeframes, double bottom break in the 15min timeframe
The USDCAD pair hit last week the Higher Lows trend-line from the June 08 2022 Low and rebounded but yesterday the mini rise stopped on the 1D MA50 (blue trend-line). A 1D candle closing above the 1D MA50 will be a buy signal, targeting 1.38500 (below Resistance 1). If instead it closes below the 1D MA200 (orange trend-line) and naturally the June 2022 trend-line,...
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.
USD is weak against the CAD. I believe its falling journey will remain continue to the next week. It is better to look sell opportunity on it.
i see that usdcad for buy from this point usd cad now at good support that will push it up ...
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: 2:📆Monthly: 3:📅Weekly: 4:🕛Daily: 😇7 Dimension analysis 🟢 analysis time frame D1: 5: 1 Price Structure: bearish 6: 2 Pattern Candle Chart: long wick. descending triangle 7: 3 Volume: Bearish is more than bullish 8: 4 Momentum UNCONVENTIONAL Rsi: Range shift from bullish bearish and bearish divergence...
Hello Everyone I m looking for Short setup in USDCAD pair If it successfully broken this support area We will enter in short trade. This will be a good short trade. Keep an eye on these levels. Cheers
The USDCAD pair topped back in October and has turned sideways inside a Rectangle pattern since the November 15 Low. With the 1D MA50 (blue trend-line) used as the Pivot, the 1D MACD indicator can offer a confirmed buy and sell entry when it makes a Bullish and Bearish Cross respectively. Notice when Support 1 was created (previous High turned into Low), hence we...
USD-CAD is trading along The rising support line and the pair Is about to retest the support So I am bullish biased and I think We will see a bullish rebound
The USDCAD couldn't have confirmed our bearish view two months ago, when we called for a sell opportunity based on the RSI Bearish Divergence (Lower Highs against the price's Higher Highs): As you see the divergence sell signal was spot on and the previous two times that this was spotted, helped us in a great way to spot this. Right now the price again above...
USDCAD, I am Short (After a Bull Shot), be ready to take entry after reaching the POI area
USDCAD is trading at resistance level of Ascending channel pattern. According to chart pattern analysis we might see USDCAD o downside towards the support level as shown in chart. trade with stop loss and own capital risk management system views/opinions are welcome to disucss.
The USD/CAD appears to be doing a recovery from the weekly low as the price bounces off the key level identified on the daily timeframe around the C$1.32000 area. So, I have identified two key levels which we shall be using as a yardstick for trading activities in the new week, and these levels are situated at C$1.32000 and C$1.3500. The coming week is laced with...
#USDCAD USDCAD is now quite BUY. This is because OIL is slightly WEAK, CAD is WEAK and USD is slightly UP with RETAIL SALES being POSITIVE. Also, MARKETS RISK has been ON again due to this reason. But this time US CPI data was NEGATIVE. The FOMC OUTLOOK was also very NEUTRAL. So now USD is very WEAK. But now with US YEILD getting a good CORRECTION, USD is...
Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.30500 zone. When the trade is confirmed bullish, it will be executed.
The USDCAD couldn't have confirmed our bearish view more than a month ago, when we called for a sell opportunity based on the RSI Bearish Divergence (Lower Highs against the price's Higher Highs): As you see the divergence sell signal was spot on and the previous two times that this was spotted, helped us in a great way to spot this. Right now the price is...
🟢 USDCAD TF: 4H Side: Long SL: $1.33873 Entry: $1.34289 TP 1: $1.34867 TP 2: $1.35481 TP 3: $1.35978 USD is gaining strength again so it's time to start buying it.