Expecting bullish move may possible price will break buy side liquidity line.
Hi fellow traders, USDCAD is ready to make a move lower from the blue box after completing the flag correction. Target the 1.3563 level. Good luck and trade safe!
USD/CAD has broken the 1.36361 Support area Looking to go Short @ 1. A retest of the 1.36361 area or 2. A break and retest of 1.35869 area and hold until price reaches the next Support
Howdy! The daily frame showed an inverted hammer candlestick pattern. Support and resistance lines were placed on the most recent swing highs and swing lows. Moving on to the 4-hour frame, a trendline formed a descending triangle. The price did not break through the support line but through the trendline, and a retracement was made. I predicted that the trend...
I am currently in a Buy position on USD/CAD looking for a bullish continuation. 1.36000 is a very strong area of resistance now turning support. If you go to the monthly timeframe you can see that we are in a bullish market.
Preferred direction: SELL Comment: All of our previous trading ideas against the US dollar are currently fixed at take profit, however, we continue to adhere to the short-term priority of selling the US currency. At the moment, the USDCAD currency pair is one of the most promising for a short trade, since there is the fact of a rollback and, accordingly, a...
USDCAD is currently at a support level at 1.35994 and if price respects it we shall see buys towards 1.37806. but if price breaks below our support level we shall see sell towards 1.34986.Remember we also have the CAD CPI on Tuesday
Im still looking bullish for this pair. Trade with your own risk
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Here I have USD/CAD on the Daily Chart! Price on UCAD has been Ranging between the Resistance Zone @ ( 1.3880 - 1.3804 ) & Support Zone @ ( 1.3223 - 1.3116 ) since Sept. 2022!!! Price revisited the Resistance Zone on Apr. 16th-17th and since has created a LOWER LOW with price finding a Minor Support Level @ ( 1.3647 - 1.3616 ) Suspecting Price may be creating a...
Please, check our technical outlook for USDCAD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.360. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all...
You can learn a methodology trust the methodology and be consistent. This weekly planning session is based on the H4 Indices, the idea is to do another major basket analysis after Tuesday trading. This analysis examined the AUD/USD, GBP/USD, USDJPY & USDCAD. H4 Indices Portfolio Selection BULLISH: AUD, JPY, GBP, CAD, NZD BEARISH: USD,...
Fundamental analysis The US economy should weaken, as the sharp rise in interest rates will still have its effect. If there are signs of a slowdown in the US economy, the reaction on the markets should be strong and a rapid upward movement of EUR/USD should be the result. For 2024, we expect a relatively better development of the economy in the Eurozone, where...
Hi Jack, Thanks for sending your charts over. I have ignored a lot of your mark ups because if they make sense to you, you should keep doing what you are doing. There are a bunch of ways to trade the markets. There is no one right way. However, I wouldn't have taken your trade and this video is supposed to describe why. If it doesn't make sense, or if you need...
Looking at the chart of USDCAD right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely. ❤️ Please, support our work with like & comment! ❤️
Usdcad am on a long on usdcad because the market changes its direction and is now on a uptrend it broke de resistance and retest on it to show its now a support zone so we buy and target the high
here you can place an order to buy order to the bullish divergence and it seem to hit our target
Important April and year-over-year inflation data from Canada will be released this afternoon, which according to Statistics Canada has seen a housing production crisis unheard of in the country, leading to a runaway increase in housing prices and access to housing. It has also reflected a very strong increase in inflation in rents, transportation, and the...