The Loonie (USD/CAD) is falling towards the pivot which has been identified as an overlap support and could potentially bounce from this level to the 1st resistance. Pivot: 1.3561 1st Support: 1.3515 1st Resistance: 1.3631 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...
⭕️Wave X Complete, Wave Y Pending. ⭕️Pending Liquidity At Previous High. ⭕️DXY Bullish.
it is possible that the USD/CAD FX:USDCAD will make another upward wave. After an impulse upward wave we can see a correction in USDCAD. it seems the price has reached the end of correction and it is likely to go up. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team...
currently in a decsending triangle. Break the S2 line and we can expect price to fall from there
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...
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...
My dear followers, This is my opinion on the USDCAD next move: The asset is approaching an important pivot point 1.3639 Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.3657 About Used Indicators: For more efficient signals,...
Base on my technical analysis usd/cad would be bullish trend continue once it perfect correction finished
Hello,Traders! USD-CAD will soon Retest the long-term rising Support line from where I believe we will see A local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Intraday Update: The USDCAD is desperately trying to hold 1.3600 as the CAD looks weak against many currencies today (see EURCAD, GBPCAD, AUDCAD, etc) which was a key pivot for many months this spring. If the USD is going to recover, it may show up here before other currencies.
Hello again! As you liked the previous analysis and signal, here comes the second one. Please try to be patient and wait for confirmation before entering at the right place. This way, you won't have to place your stop loss far away from the entry point. The most important thing in trading is having a plan and always aiming for the win. However, you should...
buy position is good and news for cad was weak 1.36850 for tp is best
The USDCAD creates a support level at 1.36200. There is also a vertical downward trendline that touches three times its trendline, which may drain the market downward. If the market holds this support level then the market goes upward to the trendline. But if the market breaks this support zone then the market goes downward to the 1.35600 level.
It is expected that the price will fluctuate in the current support range and then the beginning of an upward trend will be formed. Crossing the resistance range will create a continuation of the upward trend.
USDCAD based on daily data is conveying a significant increase in short positions -- and buyers/LONGS exiting. Expect some series of descend (downside) from the current price point. Spotted at 1.36 TAYOR Safeguard capital always.
ABC correction of recent downtrend in progress. Current bullishtrend should reach at least 37.6k. A from ABC correction hits double top. This is for better structure. Triangles show resistance and weaknesses of chart progression. The current triangle should be repelling it, making chart go more directly toward objective. The w to z waves are to identify a...
Market rejected off a level impulsively and we are at the corrective phase I'm now expecting another impulse