Pair Name : USD/CAD
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Short )
Type : Mid Term Swing
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Bearish Break
1.36500...
FX:USDCAD is declining on the back of a weak dollar index and breaking the support of the descending triangle, which generally allows bears to dominate the market. The price may go down to 0.355
The uptrend is not broken, a correction is forming after a retest of resistance. A descending triangle is forming on the chart as the dollar index is starting to show...
#USDCAD
UPDATE
Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about USDCAD. USDCAD is making the Descending channel pattern in 8H timeframe. We can see gain here 100Pips+ in this move. Keep in touch we will update further soon.
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...
We expect a decline, and the decline will be confirmed when 1.35498 is broken when the daily candle closes below this number. We expect a decline to the next number 1.33632.
Canadian job market expanded by 90.4K fresh payrolls while annual wage growth slowed to 4.8%. Fed Bostic said the central bank is uncertain about when and how much interest rates should be reduced.
Oil Price Decrease boosting the USD on the other hand. Gaza tension also could increase the flow to safe haven Dollar, increase the Dollar Strength
Technical...
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.
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Thanks For Reading
Team...
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,...
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.36500 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.36500 support and resistance area.
Trade safe, Joe.
📊Due to the decrease in the downward momentum of the price movement, if the range of 1.368 units is broken upwards and the price stabilizes above it, the price may increase to the range of 1.373 🎯and in the case of the strength of the range of 1.383 units🎯🎯.
📊Otherwise, the possibility of price correction up to the range of 1.356 units.
USDCAD is trading along the rising support
And as the pair will soon retest it I am expecting the price to go up To retest the supply levels above at
Hello Traders, here is the full analysis.
Price reversal going up, levels for BUY. Great BUY opportunity USDCAD. ! GOOD LUCK!
I still did my best and this is the most likely count for me at the...
This pair is forming a bullish wedge pattern. The price is likely to break out to the upside in the near future, presenting a potential buying opportunity for traders looking to go long on this pair. However, currently the price is at a support zone, so we consider buying. Our target is 1.37266 price area.We anticipate a potential rebound from this support...
Hello my dear Friends !
I didn't post my trades for a long time !
But from now on , I'm going to share my trades here again and also in my X !
So you can join me for some great trades and have fun together !
Don't hesitate and ask questions if you want !
USD/CAD - We are overall bullish on the higher timeframes on UC . Price ranging respecting our fib levels 0.62 - 0.79 . I'm mainly looking for buys but if price breaks below 1.36300 I will look for some shorts .
Daily :
4 Hour :
The USD/CAD pair on the M30 timeframe presents a possible shorting opportunity due to the presence of a channel pattern.
Potential Short Trade:
Entry: Consider entering a short position (selling) only after a confirmed breakout below the support trendline of the channel. Ideally, this would be around 1.3750 or lower if the price continues to decline after the...
