USD/CAD is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 1.3702 which is a pullback support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 1.3608 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 1.3828...
Hey Rich Friends,
Happy Tuesday! Here is my technical analysis for USDCAD. Always check the news and cross-reference the indicators on your chart before entering any trades. I think that there are opportunities to sell and here is what I am looking at:
- The market has already rejected a previous supply zone on the weekly time frame
- There is an evening star...
Welcome to our latest analysis of the USDCAD currency pair! In this video, we delve into the current market conditions, dissecting key trends and providing insights to help you navigate the dynamic forex landscape.
Join us as we analyze recent price action, identifying critical support and resistance levels that are shaping the USDCAD's trajectory. From...
the price is standing at a strong area of resistance since Oct 2022 this area pushes the price each time very strongly. the second entry reason is that the price created this reversal head and shoulders pattern so we can enter a sell trade directly around the neckline
USD/CAD is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 1.3738 which is a pullback support that aligns with a 38.2% Fibonacci retracement level.
Stop loss is at 1.3715 which is a level that lies underneath an overlap support.
Take profit is at 1.3807 which is a pullback resistance that aligns...
USD/CAD could fall towards a potential breakout level and drop lower from here.
Sell entry is at 1.3689 which is a potential breakout level ( wait for the 1-hr candle to close below 1.3689 for confirmation ).
Stop loss is at 1.3735 which is a level that sits above the 100.0% Fibonacci projection and a pullback resistance.
Take profit is at 1.3628 which is a...
Welcome back! Let me know your thoughts in the comments!
** USDCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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In this episode I share my results in the two week competition I'm participating in. I talk about changes to The Leap competition and also discuss the ways I avoid boredom while trading.
the price is standing at a strong area of resistance since Oct 2022 this area pushes the price each time very strongly. the second entry reason is that the price created this reversal head and shoulders pattern so we can enter a sell trade directly around the neckline
USDCAD Technical Analysis -
The USDCAD pair breaks the key resistance area and extends the rally above the channel.
daily chart,
We can see that USDCAD broke the key resistance of 1.3620 following the hot US CPI report and extended the climb to the top of the channel.
This has opened the door for a climb to the 1/3862 resistance, so buyers will look for...
Everything was pretty much said in the video.
Basically price reached a higher timeframe Premium Array on the 3D chart, so now I have the expectation of lower prices based on the lower timeframe Premium Arrays, specifically a 2h Sibi.
Today is CPI, so anything can happen. Price can always go above and beyond what is ordinary in such events.
- R2F
ive been watching usdcad to potentionally short since last week because USDCAD found resistance its been refusing to break but now that it looks more bullish and looks to have found major support im looking for buys
Today's focus: USDCAD
Pattern – Heavy Resistance
Support – 1.3514, 1.3454
Resistance – 1.3602
Hi, traders; thanks for tuning in for today's update. Today, we are looking at USDCAD daily.
What are we discussing and asking today after looking at USDCAD?
Will current heavy resistance contnue to block buyers? Does price have enough momentum in its current bull...
USD/CAD is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 1.35800 which is an overlap support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 1.35400 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level.
Take profit is at...
