We look for Long during next week. Everything depends on what DXY does, however looking at the current USDCAD trend we are more biased towards Long.
The Loonie (USD/CAD) is falling towards the pivot and could bounce to the 1st resistance. Pivot: 1.3647 1st Support: 1.3611 1st Resistance: 1.3717 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please...
USD/CAD could rise towards an overlap resistance that has been identified as the pivot. Could this FX pair stall around this level before potentially reversing to drop lower towards the 1st support? Pivot: 1.3718 1st Support: 1.3628 1st Resistance: 1.3784 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only...
USDCAD has been oscillating at high levels recently. Currently, you can pay attention to the support near 1.3520. Once it is in place, you can pay attention to the potential bullish bat pattern. After stabilizing, it is expected to start upward.
I think we can give a good buy with low volume and this is risky!
Hello,Traders! USD-CAD is hovering above A strong horizontal support Of 1.3522 and we are Bullish biased so a Swing move up It to be expected Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
The current buying zone for CAD/USD stands at 0.7310, indicating a favorable entry point for traders looking to purchase Canadian dollars with US dollars. This suggests that the Canadian dollar is valued at 0.7310 US dollars, presenting an opportunity for investors to enter the market at this level. As for potential gains, traders can set their take-profit levels...
Potential Trade Opportunity: Currency Pair: USD/CAD Position: Long Risk to Reward Ratio: 3R Trade Parameters: Entry Point: 1.36624 Stop Loss: 1.3657 Take Profit: 1.36814 Disclaimer: This trade signal is provided for informational purposes only and does not constitute financial advice. Trading in the forex market involves substantial risk, and past performance...
Hello guys; over 70pips locked in on USDCAD trade; lets adjust the target to 1.38750. I notice the current move is just to retest the 'D' which may lead to a strong move downwards. Enjoy!
Greetings, everyone! I'm back with a new analysis and am looking for a sell opportunity in the OANDA:USDCAD pair, after taken out the inducement there are two points of interest (POIs) available for sale. I will consider selling after confirming the details at any of these POIs
holding this trade on usdcad with the 4h , have close my profit though but still holding some while on break even
Hello Everyone, The USD/CAD is approaching a critical juncture, where the sustainability of resistance becomes pivotal. Failure to maintain resistance could pave the way for another upward surge. In terms of trends, there's a discernible gradual bullish retracement, indicating a potential long-term bearish outlook. In summary, should the daily resistance prove...
USDCAD pair to fall The presence of a descending price channel line The presence of strong display areas on the 4-hour frame
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.
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*
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.
It is unavoidable to operate in a structure that is too symmetrical... Symmetry always brings accumulation, that's why these structures are quite juicy! With a good risk management and a good entry model, you're done. Keep it simple! If you like me, don't forget to follow me !!!
The USD/CAD pair faces headwinds due to a strengthening Canadian dollar fueled by rising crude oil prices. This week's release of April employment statistics and Canada's Ivey PMI will provide insights into inflation and economic trends. Additionally, Fedspeak from Thomas Barkin and John Williams will be monitored closely. Recent US data suggesting a cooling labor...