The 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...
break 1.40584 then look for buys.....whats your views people?
USDCAD 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.
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
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.
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.
With 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...
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.
The 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.
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...
We 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 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 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.
I'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...
Analysis for pattern traders. Using chart patterns on larger time frames maximize profits. Use lower timeframe patterns to hop onto the larger timeframe trend direction.
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
The 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.
The 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