Sell USDCAD on H1, M30- Structure: Downtrend
- Tendency: Downward
- Break Support zone
- Wait for Euro season and sell.
Stoploss: 1.391
Forex-usdcad
USD/CAD shows serious signs of weaknessThe USD/CAD just made a strong rejection at a long-term lower high. Because of this failure, I'm expecting at least a return to the 50-line (average) marked on the chart by the purple line. Recent strength in commodity currencies (NOR/CAD/AUD/NZD) provides confluence for this.
> Numerous factors suggest that commodity-currencies (NOR/CAD/AUD/NZD) will do well against the USD and EUR for the foreseeable future:
1. Oil (CL) is at multi-year lows, trading as of this writing (April 2020) at around $20. This is likely a bottom. Countries which depend on Oil cannot sustain these oil prices.
2. The ECB and Fed. Reserve are pumping in MASSIVE amounts of liquidity to stabilize the credit markets (bonds/repo/etc.). All of this is only inflation. There's no economy to speak of at this time. And suggests that these currencies will face serious devaluation.
USDCAD one more chance to SELLUSDCAD could not break the resistance line, as we predicted.
The price is returning to this line again and I expect a fall to the support line.
usdcad profit 140 pips
Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
Please any trader who has entered into this trading with me can move the stop loss to the entry level
USDCAD short Hello my friend!
My idea for USDCAD
USDCAD is still in the triangle.
I expect the bottom line of the triangle to be broken and the price will go lower.
Long - Stand above 0.382 , target 0.786 ( Fib Retracement)The most biggest trend is Head and Shoulders Bottom, so from the small part, using Fib Retracement, if the price can stand above 0.382,
it may reach to target at 0.786 in a short term trend.
usdcadWith the rise in oil prices, the Canadian dollar will be strengthened
Technically, we might see a drop after breaking the triangle on the chart
Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
USDCAD still Short The resistance line that I drew in the previous forecast is still working.
The price returned to her again and after reaching this line began to fall.
I expect a drop to the support line.
1 hour consolidation- Expecting UptrendThe blue line is from the monthly chart, providing a general idea of where major support is at. the 1 hour chart is ranging, meaning its going to pick a direction to run.
USDCAD ( ELITE Perspective)This analsysis is on the Monthly Chart (I also demonstrate the change in the psychology of the market from bearish to bullish) , It allows us to see the there is HUGE Bullish momentum on the monthly, theirfore allowing us to look and find Opportunities on the lower time frames for bullish channels (Pips are going to die lmao) everything after this idea being published will be superb analsysis, all my other posts were before I got mentored by two different million dollar traders. Enjoy!
USDCAD will break support linesWe are waiting for the breakdown of two resistance lines and sell USDCAD.
The price has reached its target - a strong resistance level of 1.467 and I expect the fall to continue to a strong support line.
USDCAD Market Outlook | Daily Forex Market BreakdownUSDCAD
USDCAD is looking really good. As you can see on the chart right now we’re seeing a clean rejection off the 78.6 fib, if you look at the -27 fib level you can see it lines up very close to the psychology key level of 1.400 If the bears can take control I believe we could melt down to 1.400 easily. Keeping a very close eye on this pair for the time being.
USDCAD hit strong resisgance levelUSDCAD reached a strong resistance level of 1.468, after which the price began to fall.
I predict that the decline will continue to two lines of support.
USDCAD Cup & handle formationI'd be expecting a pullback in USDCAD before a breakout. The cup & handle pattern is a bullish indicator. At this time, USDCAD is up against a heavy Daily resistance area. A short term SHORT play has set up, as the 1Hr chart has formed an ascending, which is a common reversal signal when up against larger time frame resistance.
PURPLE lines notate profit zones in either direction you chose to take. Playing both sides of this move is certainly possible.
CONCLUSION: Short term SHORT play, long term LONG...
USDCAD CUP & HANDLEAnalysis for pattern traders. Using chart patterns on larger time frames maximize profits.
Use lower timeframe patterns to hop onto the larger timeframe trend direction.
USDCAD - REVERSAL TRADING (Shorting)Hey Everyone,
USDCAD has approached Monthly Supply zone
with overbought ratios and expected to reverse
use these preferences to trade,
USDCAD SELL - 1.37283
STOP LOSS - 1.38748
TARGET - 1.34188
USDCAD Measured MoveThe USD/CAD has completed a measured move with today's high. A correction suggests a return to the bottom of the formation near 1.3518.
USDCAD will fall to 1,3323The dollar fell sharply, but USDCAD rose. USDCAD has reached the resistance line and now I expect a fall to the support line near the support level of 1.3323
USDCAD still SELLI expect a slight correction on USDCAD after which the price will continue to fall to the support line at 1.326.
USDCAD on strong resistance levelUSDCAD has reached a strong resistance level of 1.3344 and I expect a drop from this level to the level of 1.326
