www.tradingview.com USDCAD quick analysis on 15min chart timeframe price avec an implusive move goes down for a corrective move ABC and as you can see in the chart the ABC corrective move is finished after the wave C reach the 1.618 fibo level so technically price now will go up at least hit the previous resistance if break above it it will continue . i will...
Looking closely, we could see USDCAD to short from today through tomorrow with the Unemployment/Employment news. As price broke support, the news for tomorrow could cause a big drop in price; however, be careful at all times of the news. Please stay tune on the price today for USD 30y Bond Action since it dropped from the CAD Speech. TP:1.3675 or below
now we are in a perfect Zone on USDCAD in 4H - 1H Scale so using Lower Time Frame PA u can put a liitle risk on it to take a BUY ...
the USDCAD currency pair is presenting a selling opportunity at the price level of 1.37251. This means traders might consider initiating a sell position at this price point. To optimize potential gains and manage risk effectively, traders could set multiple take profit targets. These targets are identified at 1.37000, 1.36600, and 1.36400 respectively, indicating...
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action to continue after price rejected from bearish order block + trendline. My target is imbalance lower. Fundamental news: Tomorrow (GMT+3) we will see results of...
USDCAD appears to be going bearish at this time. Due to the 2 strong impulses and small correction. I will go short on this pair ONLY if the following criteria is met. - Price returns to the previous level of support with candlestick confirmation - Fibonacci levels enter the 61.8% zone. *always remember to use proper RISK MAANGEMENT*
Hello and respect to all dear traders, Today, I have analyzed the Canadian dollar, which has behaved almost similarly to the DXY chart. Everything is set for a short-term uptrend, followed by a probable drop. There is a strong likelihood of this happening due to a significant weekly imbalance in this upward trend. I have drawn a simple and smooth chart for easy...
USDCAD pair to fall The presence of a descending price channel line The presence of strong display areas on the 4-hour frame
The USD/CAD pair on the M30 timeframe presents a possible shorting opportunity due to the presence of a channel pattern. Potential Short Trade: Entry: Consider entering a short position (selling) only after a confirmed breakout below the support trendline of the channel. Ideally, this would be around 1.3750 or lower if the price continues to decline after the...
We can see a beautiful downtrend on USD/CAD on the 1HR timeframe. The price has touched the trend line and is also around the 1.37500 key level. If we see reejction from the trend line as well as the 1.37500 area, we can look at potential sells with the long term target being 1.3500 level.
Market Analysis: USD/CAD Regains Strength USD/CAD is rising and might aim for more gains above the 1.3760 resistance. Important Takeaways for USD/CAD Analysis Today USD/CAD is showing positive signs above the 1.3685 support zone. There is a major bullish trend line forming with support at 1.3720 on the hourly chart at FXOpen. USD/CAD Technical...
USDCAD is a strong bullish as retail traders are at 67% short selling this trading pairs. Just use proper risk management and be careful at the speak in around 1 more hour.
USDCAD - Bearish Reversal Harmonic BAT Pattern Trade Plan - Bearish Reversal BAT Pattern Point D is confirmed with divergence Sell Stop - 1.37158 Stop Loss at PTZ - 1.37634 Risk Reward 1:1 1.36653 Risk Reward 1:2 1.36152
USDCAD is in bearish ABCD pattern, it took the correction by touching FIB 0.618 level and we will go for long after the break of level B, keeping the stop loss at LH.
The price perfectly fulfills my last idea. It hit the target level. FX:USDCAD is basically moving sideways between 1.36000 and 1.38000. The market broke and closed above the strong level at 1.37000. On the daily timeframe, we can see that the major trend is bullish. Additionally, there is a long-tailed bar that took liquidity below the range zone. I expect the...
Usdcad price is moving in ascending triangle and price follow triangle channel as it is continue pattern
It strong resistance it can be to downtrend more There’s two target of usdcad
The sell zone seems solid as the price has been rejected multiple times in the past. I do notice that the price is trading below the Ichimoku cloud, which is a good sign of bearish momentum. Let's see how this plays out. Potential Trade Opportunity: Currency Pair: USDCAD Position: long Risk to Reward Ratio: 3R Trade Parameters: SellLimit: Entry Point:...