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
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.
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice.
looks like a nice setup with good RR only 21 pips risk it's early Monday so... price could move lets see
I'm not a fan of the #CanadianDollars recent performance versus the #USDollar. Now, on the brink of an important breakdown. Usually, it tracks well with #silver... until now! So the questions is, who is lying?
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H1 & H4 time-frame - Price action is at a Supply Zone area - Price action may reverse towards the ascending support Trendline - Targeting the 38.2% Fibo retracement Suggested Trade: Entry @ Area of Interest 1.3760 - 1.3800 SL @ 1.3854 TP 1 @ 1.3697 (Close Half-Position & move SL to...
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...
USD/CAD is rising towards a resistance level which is a pullback resistance. A reversal from this level could indicate a double top pattern which could lead to a potential price drop to our take profit. Entry: 1.36919 Why we like it: There is a pullback resistance level. Stop loss: 1.37294 Why we like it: There is a pullback resistance level which aligns with...
Investor caution boosts USD/CAD towards 1.3350. Insights on inflation, rates await in FOMC minutes. Canada anticipates a 5.9% jobless rate, up from November's 5.8%.
USDCAD chart is printing bearish trend with no divergence and using ABCD harmonics pattern EP: 1.36092 SL: 1.36982 TP1: 1.35200 TP2: 1.34310
🕵️♂️ Let's delve into analyzing the popular forex pair USDCAD for the upcoming week! 🌟 In higher time frames, particularly weekly, the US dollar versus the Canadian dollar has been ranging between the price levels of 1.31811 and 1.38292 over the past 600 days. This indicates a logical fluctuation without any significant market-moving news. 🕯️ After reaching...
After NFP gragra, the actual trend resumes, wave 'B' is completed and wave '1' of the wave 'C' is already in motion. Buy USDCAD, goodluck
Hello friends In the USDCAD currency pair, we see the formation of a clear Elliott pattern. We are currently in wave 4 of C or 3. According to the formation of 5 microwaves in wave 4, a zigzag should be forming, which has a structure of 5-3-5. So we are waiting for a small wave 5 in wave 4 and then price growth to the range of 1.3850 and 1.3970. Usually wave 4...
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!
USD/CAD is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.3779 which is a swing-high resistance. Stop loss is at 1.3815 which is a level that sits above a pullback resistance. Take profit is at 1.3717 which is an overlap support. High Risk Investment Warning Trading Forex/CFDs on margin...
We looking for buying opportunities as we are having a continuation of a bullish flag which is the correction heading to the upside which will result in buys as we are on the support level
The USDCAD currency pair is currently navigating through a crucial demand zone, with the primary level resting at 1.36820. This zone denotes a significant area where buyers are exhibiting heightened interest, potentially signaling a shift in market sentiment towards bullishness. Traders closely monitor this demand zone as it represents a key inflection point where...