Here is my analysis of USD/CAD Price is bouncing off the uptrend trend line and testing support on the micro trendline on the 1h and 4h. Im long on this position however need a clear confirmation before entering trade. EMA has yet to cross over but will keep an eye out on 1H to get sniper entry
USDCAD to further breaktrend and continue to the downside.
As it can be inferred from higher-timeframe charts of USDCAD, the sentiment of the market has turned bearish. After breaking out of the ascending channel plotted on the graph, the price is currently attempting to re-test the key zone portrayed on the chart and complete the formation of a H&S pattern before continuing its bearish movements.
USDCAD moved out of the descending channel and created an ascending channel. The market is consolidating after bouncing off of resistance and dynamic resistance (trendline). Price is expected to fall from psychological level 1.35000. We expect the downtrend to continue since the trend is bearish . ------------------- Share your opinion in the comments and...
USD/CAD Inside a Bearish channel in the last sessions breaks the dynamic trendline of the bear flag after the rebound on the 61.8% Fibonacci level forming a potential AB=CD pattern. Our forecast is for a SHORT setup waiting for the today's release news about the USD ISM Services PMI
This is my view for this week on USDCAD. I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. I really hope you liked this content and I would like to know what do you think about this analysis, so please use the comment section below to give me...
Hi, Slightly late entry on the USD/CAD pair, but perfect set up for a scalp. Target remains at 2R, I will move stop loss to entry once 1R has been hit.
This pair has pulled back and with the recent fundamental insight, the US seems to be on a stronger path than the CAD. Sticking with prior technical analysis as this pair should continue an uptrend beyond the previous high
USDCAD becomes a pattern that can go up once more. Let's watch the CPI data for December 13th. If the CPI data goes down, there will be a second bearish wave. And, a monthly upward wave is expected to be drawn in the monthly demand zone. This uptrend will renew the previous high.
USDCAD on 4hour time frame has been trading in a bullish trend . The price has been holding an important rising support. Now the price has approached to the rising trendline. The 100MA also confluence with the rising support. The bulls need to hold this support and so can show a strength at this level. Manage your levels accordingly.
updated chart of USD/CAD BUY- TP1:1.34846, final @ TP2:1.35443
USDCAD SELL @1.33950 TP1 @1.33750 TP3 @1.33450 TP3 @1.32350 SL @1.35000 Note:- We are waiting for channel breakout. Use exact Entry or below this level. Trade in sell stop only only.
These are 4 confirmations for me to enter a trade. IF I DONT SEE THE ENGLUFING PATTERN THE TRADE IS RISKY.. Just because it hits the 61.8 doesnt mean its going to reverse. What youre looking for is a breakout after the 61.8 hit,, 1. Did it hit the 61.8 2. With-in the high and low did a engulfing pattern happen on the 30m or 1hr 3. find a nice clean breakout, and...
Usdcad long position Tp1: 1.3545 Tp2 1.3594 Tp3: 1.3644
well here we have a trade entry for usdcad in which we taking 70 pips target for it and taking a sell entry from CMP .
This is my attempt at accurately picking the bottom of a very long pullback for UC. It feels like a downtrend, but in reality I think it's a pullback within an uptrend. Therefore, this pair is bullish. Be aware of the very wide SL, in case this entry fails and keeps pushing down further.
USDCAD - Price trading inside strong bearish . Impulse Short entries can be taken once price retest the previous order block / previous low region. Once price rejects that area, we can look at immediate market execution. China reopening optimism and dovish Fed expectations offset higher US Treasury yields. With risk flows dominating as China expands the Covid...
Based on monthly support and resistance, Dow Theory and trend line, Day trade with two take profits and stop loss slightly lower than the last Higher Low.