USDCAD - Working in a tight range todayYesterday was insane. I'm expecting the markets to move relatively sideways today. Only strong news action we have is at 8:30.
-Be safe.
Dollarcad
USDCAD - DAILY - Sell setup for a big swing downUSDCAD - Daily chart - Expecting price to reverse down sharply from the daily supply zone around 1.33 which should get triggered tomorrow.. This analysis correlates well with my Oil buy setup for this week as well.. lets see how it goes!!
USDCAD - Weekly structure calls for further downside Usdcad - Weekly - Sellers in control as price continues to make lower lows and lower highs and leaving behind fresh supply zones.
USDCAD Weekly Showing Strong Bearish SignsDollarCad Weekly Formed A Bearish Engulfing CandleStick Formation after breaking out of its long term channel,
USDCAD already retraced back up creating a lower high and now we have this bearish candlestick formation with a counter trend line break.
the daily seems to be a little low already and might retrace, I don't plan getting out since its the beginning of the move from the weekly, what Im planing to do though if it retaraces on the daily I might look to add to my position.
if you not in yet I would say probably the best thing to do is to wait for a pullback, Risk Disclaimer I'm not telling you what to do im just saying what I would do.
I Wish You To Make Lots Of Money
USDCAD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.3375.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.3295.
TP4: S2=1.3225.
Set the stoploss of these orders at breakout of R2=1.3395.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.3395.
In this situation, there is an expectation to reach the target R3=1.347.
Set the stoploss of reverse orders at breakout of R1=1.3375.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
USDCAD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.334.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.329.
TP4: S2=1.3255.
Set the stoploss of these orders at breakout of R2=1.3365.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.3365.
In this situation, there is an expectation to reach the target R3=1.3445.
Set the stoploss of reverse orders at breakout of R1=1.334.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
POSSIBLE LONG POSITION:USD/CAD RANGE.Here you can see my technical analysis on USDCAD for the week ahead, there seems there may be a range forming between a recent high and a resistance that has been tested many times which has given a strong resistance - in this case I believe that it will have turned into a support bouncing off the trend line I have fond on 4H and the support/resistance I have found on all time frames.
in terms of indicators the 8,5 EMA'S I have are soon to cross over on 15m, 30m and 5m which shows a reversal in price instead of a retracement which supports my idea of a range.
additionally, bearish momentum is slowing down and is in oversold territory and it moving averages crossing over - once again indicating a reversal.
I have showed my long position with TP and SL visible
thanks for reading - please leave ideas and feedback
USDCAD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.337.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.332.
TP4: S2=1.329.
Set the stoploss of these orders at breakout of R2=1.3385.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.3385.
In this situation, there is an expectation to reach the target R3=1.3455.
Set the stoploss of reverse orders at breakout of R1=1.337.
Set the stoploss of reverse orders at breakout of R1=0.996. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
USDCAD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.3225.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.3175.
TP4: S2=1.3155.
Set the stoploss of these orders at breakout of R2=1.3245.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.3245.
In this situation, there is an expectation to reach the target R3=1.332.
Set the stoploss of reverse orders at breakout of R1=1.3225.
Set the stoploss of reverse orders at breakout of R1=0.996. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
USDCAD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.3225.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.3175.
TP4: S2=1.3155.
Set the stoploss of these orders at breakout of R2=1.3245.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.3245.
In this situation, there is an expectation to reach the target R3=1.332.
Set the stoploss of reverse orders at breakout of R1=1.3225.
Set the stoploss of reverse orders at breakout of R1=0.996. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
USDCAD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.3265.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.332.
TP4: R2=1.335.
Set the stoploss of these orders at breakout of S2=1.3245.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.3245.
In this situation, there is an expectation to reach the target S3=1.317.
Set the stoploss of reverse orders at breakout of S1=1.3265.
Set the stoploss of reverse orders at breakout of R1=0.996. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
USDCAD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.301.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.308.
TP4: R2=1.3125.
Set the stoploss of these orders at breakout of S2=1.2995.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2995.
In this situation, there is an expectation to reach the target S3=1.2925.
Set the stoploss of reverse orders at breakout of S1=1.301.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
USDCAD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.301.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.308.
TP4: R2=1.3125.
Set the stoploss of these orders at breakout of S2=1.2995.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2995.
In this situation, there is an expectation to reach the target S3=1.2925.
Set the stoploss of reverse orders at breakout of S1=1.301.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
While 1.2885 is not broken, bullish wave in price would begin.Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.2885 would begin in Midterm.
Trading suggestion:
By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 1.3080 on 09/27/2018, so more losses minimum to Major Support (1.2885) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 41.
Supports and Resistances:
1: 1.4690
2: 1.4200
3: 1.3795
4: 1.3385
5: 1.3260
6: 1.3000
7: 1.2805
8: 1.2730
9: 1.2665
10: 1.2545
11: 1.2465
12: 1.2250
13: 1.2060
While 1.2885 is not broken, bullish wave in price would begin.Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.2885 would begin in Midterm.
Trading suggestion:
By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 1.3080 on 09/27/2018, so more losses minimum to Major Support (1.2885) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 41.
Supports and Resistances:
1: 1.4690
2: 1.4200
3: 1.3795
4: 1.3385
5: 1.3260
6: 1.3000
7: 1.2805
8: 1.2730
9: 1.2665
10: 1.2545
11: 1.2465
12: 1.2250
13: 1.2060
USDCAD broken out of corrective structureUSDCAD has broken out of a 3 wave corrective structure. This would indicate that the 5th wave to the bottom is not on the cards right now and that we should see the move up that I have been waiting for.
usd cad w usd cad w
trend analysis
support and tesistace
sell 1.3200 ant 1.3280 ant 1.3150
stop loss 1.3380
tp 1.2900
tp1.2700
tp 1.2500
nedar naef
USDCAD - DAILY - SELL SETUPUsdcad - Daily chart - I see price struggling in a daily supply zone so I am expecting a sharp drop for this pair.
USD/CAD - Bearish Minor C - End of CorrectionUSD/CAD previous Bearish views and set-ups worked out amazingly good and the Members cashed in some impressive green pips.
Previous Articles:
USD/CAD (dollar/loonie) - Elliott Wave - Long Term Forecast - BUY & SELL
USD/CAD-Dollar/Loonie – Bearish Break-Out – Intermediate (C)
Now it looks like another Bearish Wave could be preparing, therefore, I am signalling the alarm once more because we could be in for another dip.
Intermediate (Y) (red) is expected to complete along with Minot C (red).
Minor B (red) Technicals:
61.8% Fibonacci Retracements of Minor A (red)
100% Fibonacci Extensions of Minutes w&x (purple)
150-161.8% Fibonacci Extensions of Minuettes (a)&(b) (orange)
Decreasing volumes pointing towards an upcoming Bearish Divergence
As you can see, the Fibs are aligning for a possible Bearish outcome.
USD/CAD - SELL Positions:
Moderate Entry @ 1.3100 with SL @ 1.3400
Conservative Entry @ 1.3330 with SL @ 1.3600
Targets @ 1.2800 / 1.2500 / 1.2200 / 1.1900 / 1.1600
Many pips ahead!
UsdCad - Strong Cad Data Points To Further DeclinesWith strong economic data coming out of Canada last Friday and a weak USD, further declines are expected. A pullback and re-test of broken support, turning resistance, at 1.27730 will provide a great place to look for Shorts down towards the targets of 1.26382 and 1.25675 respectively.
