USDCAD near strong level USDCAD fell as we predicted, though it never reached the resistance line.
I expect that there will be an growth from the level of 1.3528.
target is resistance line
Forex-usdcad
Elliott Wave View: Dips in USDCAD Should Find BuyersUSDCAD 45 minutes chart below shows that the pair has ended 3 wave pullback from June 15 high in wave 2. The pullback unfolded as double three Elliott Wave structure and ended at 1.3482 low. Afterwards, the pair resumed higher in wave 3. Up from 1.3482 low, wave ((i)) ended at 1.3559 high. Wave ((ii)) pullback ended at 1.3525 low. The pair then extended higher in wave ((iii)), which ended at 1.3666 high. The internal subwave of wave ((iii)) unfolded as 5 waves impulse Elliott Wave structure in lesser degree. The pullback in wave ((iv)) then unfolded as a triangle and ended at 1.3632 low. From there, the pair pushed higher in wave ((v)) which ended at 1.3715 high. This final move completed wave 3 in higher degree and ended cycle from June 23 low.
The pair is currently doing a pullback in wave 4 to correct the cycle from June 23 low. The correction is unfolding as a double three structure. Down from wave 3 high, the pair ended wave ((w)) at 1.3642 low. Wave ((x)) bounce ended at 1.3705 high. Wave ((y)) is currently in progress. While above 1.3482 low, expect the dips to find support in 7 or 11 swings for more upside. The 100 -161.8% extension of wave ((w))-((x)) where wave ((y)) can potentially end is at 1.3586 – 1.3631 area and shown with a blue box. That area, if reached later, can see a reaction for 3 waves bounce at least.
USDCAD near strong resistance line USDCAD has almost reached the resistance line.
I expect a fall from this strong resistance line to 1.3528
USDCAD near strong resistance line USDCAD continued to grow as we planned. I expect that after the price reaches the resistance line there will be a fall.
Target - Level 135.28
USDCAD LongI see a potential fakeout to the downside spike below or at the 35000 level hitting that major level of demand and key area on 4h then upside after price action rejection!
Price has been consolidating so once it breaks one way it could move well.
USDCAD near resistance line USDCAD will soon be on a strong resistance line. I expect a fall from this line to the level of 135.28
USD/CAD analisysHello Traders.
Today Analysis i expect further decline on USD/CAD if the pattern i recognize is in fact a zigzag correction (ABC)
RSI and Stochastic are overbought on the 1 hour and 4 hour. Price may go higher hitting the 200 EMA and .618 fibonacci level before start to decline again. one think i notice it's the RSI and stochastic are oversold on the daily chart, so it's kind of tricky where the trend is going
Thanks
USD/CAD 1 Hour Chart AnalysisHello Traders. According to my wave count further decline is expected for this pair.
I expect the market to decline to 1.3200 level during London Session
Where to buy USDCADUSDCAD has been falling for a long time, but soon the price will reach a strong support line.
I expect growth from this line to the level of 1.352
USDCAD. Will the dollar fall to the bottom?Hello dear subscribers!
The price of the American dollar should fall to the support level,
and then reach a key level, and if the situation with the dollar stabilizes,
then rise to the level of 1.40000.
Good luck to you!
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This idea does not provide the financial advice.
USDCAD near support line USDCAD walks between two lines.
Now the price has approached the support line and I expect growth to the resistance line.
USD|CAD Will the price drop?Hello, everyone. Thanks for reading.
You can sell, risk reward is good.
Thanks for reading
Dont foreget to leave a like if you liked my idea
Where to sell USDCAD Hello traders!
USDCAD began to grow from the support line as we predicted.
I expect the price to rise to the resistance line, after which the price will return to the support line.
Buy USDCAD USDCAD has reached our target. The price dropped to the support line.
I expect growth to the resistance line.
Trade Set up USD/CAD Short 1 hour chartUSD/CAD price is on a triangle pattern right now on a daily chart. however on a 1 hour chart we can see diagonal pattern (either leading or ending) getting close to the triangle top resistance level. RSI and Stochastic are showing an strong divergence indicating a possible trend reversal. I have a pending sell order right now with stop loss and take profits as shown on chart.
USDCAD will continue to fallHello friends!
USDCAD hit the resistance line and the price started to fall. I expect the fall to continue to the support line.
USD/CAD SHORTUSD/CAD SHORT, price is in an uptrend on H4 with the final of the impulsive direction. Price touched 1.41 psychological zone and it seems it will be reject fromt here
Bulls are losing power on MACD indicator H4,H1,M30
STOP LOSS - above the 1.41 zone and last wick
USDCAD on two resistance line Hello Friends!
USDCAD has reached our goal and the price is now on two lines of resistance.
I expect a fall to the support line.
USDCAD near strong support line Hello friends!
USDCAD will soon reach a strong support line.
I expect that there will be growth after reaching this line.
The goal is the line of resistance.
Highlight & Parallel Channel on USDCAD.Parallel channel(value area)
(B) support for pushing the price (c)
Let's little more deeper throughout zooming the chart for the co-relationship by using parallel channel of (A) (B) and (B) moved.
If you want to trade on this pair , just comment then I will update trade-level into timeline.
