The market of USDCAD is near to its demand zone. Wait for the rejection on demand zone then take buy position on it. If market gives breakout to its demand zone then dont try to buy it.
You can wait for price to pull back up to 1.350 before selling and placing your stoploss just directly on the resistance @ 1.3540. And your TP1@ 1.3353, TP2 @ 1.3153 If the resistance breaks @1.3540 you can change you bais to BUY For the buys ; if the resistance @ 1.3540 breaks and price continues to trade above that level you can go long from 1.3540 to...
USDCAD 4h, After NFP release USDCAD has changed it's uptrend to downtrend on the lower timeframe. As the price has broken down with a strong momentum, currently the price retracing to the previous resistance turned support. It is highly likely price will test the 20EMA on the 4h and will bounce off. Upon rejection a sell trade is high probable targeting monthly...
It is important to note here how the price of crude oil is directly proportional to the value of the Canadian Dollar and if we take into consideration the OPEC+ decision a couple of weeks ago to cut down production by 2 million barrels per day; the likelihood of soaring oil price remains inevitable. The consumption of crude oil has remained steady despite...
The USDCAD pair has been following for a very long time our 1W trading pattern and as per our trading plan on November 01 2021, it reached our 1.36000 target for 2022 already: As you see the projection couldn't have been better and this approach is a great way for long-term investors to benefit with relatively low risk. Currently however we shift our focus on...
USD-CAD broke out of the rising channel So I am bearish biased on the pair But I think that we will first see a move up To retest the broken support line of the channel at 1.30971 And only then the price will go down Towards the target level below
USD-CAD is trading in a up channel And as the pair is going down To retest the support leve at 1.30771 I think we will see a bullish rebound And a move up to retest the Rising resistance of the up channel again
The USDCAD pair has been trading within a Channel Up pattern since September 2021. This 1 year of steady growth has given us a very clear trading outlook for buy-low sell-high set-ups. It is how we got an almost perfect buy on the 1D MA200 (orange trend-line) on our last update more than a month ago: The price is now again near the Higher Highs (top)...
Potentially Inverse Head & Shoulder formation is forming and classic RSI Bullish divergence looking for Long once the trend changes
we see a nice buy chance on USDCAD from the current price . TP & SL are shown on the chart use proper risk management
USDCAD (4H) has been rejected monthly resistance. As the price was moving along an upward channel, the price is likely to drop back to the support zone. Currently, on 4H we see a head & shoulder with double Doji, possible breakdown ahead? Press like button if you like this idea :)
USDCAD ( Daily) has created a head & shoulder on the daily and strong bearish price action. It is highly likely that it will have a big drop in the monthly support zone. As per price action shown on the daily, we have seen back-to-back 2 bearish engulfing has formed. Also, we have 10EMA and 20EMA cross-over on a daily time frame. We could see a potentially larger...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied. Dear Traders, If you like this idea, do not forget to...
The USDCAD appears to be aiming for a bullish moment in the new week after identifying multiple rejections of the 1.28500 area by the buyers. However, we cannot ignore the possibility of a bearish momentum drive after witnessing the breakdown of the bullish trendline identified in the daily timeframe. Risk Disclaimer: Margin trading in the foreign exchange market...
The USDCAD pair has been trading within a 1 year Channel Up pattern as we've mentioned on our last analysis in early June: As you see, the rebound on the Channel's Higher Lows (bottom) trend-line worked perfectly as a buy entry and hit our Higher High target in short time. The price is now on a pull-back after the Higher Highs (broke above but still closed...
The Greenback relinquished some of its profit on the last day of last week's trading session to close below the key level identified at the C$1.29000 area to set the tone for a possible trend continuation to the downside. This video explains how I intend to trade the appearance of a selling set-up on the daily timeframe. Risk Disclaimer: Margin trading in the...
USDCAD is currently DOWN. This is because CAD is STRONG. They are currently working to STRONG USD. So it could be STOCKS DOWN again. But right now USDCAD is going down very well in a DOWNSIDE CHANNEL. We think it will be down to 1.2714 LEVEL again due to some NEGATIVE SENTIMENT given by FED. However, the USDCAD UP will have the opportunity to return to...
The Canadian dollar appears to be gaining momentum on the back of lower Treasury yields and weaker US data as we head into the new week. From a technical perspective, the multiple rejections of the 1.030500 area in the space of a month further emphasize the strength of the sellers at this juncture in the market hereby raising my inclination for a selling...