USDCAD may continue the growth phase within the local uptrend. The favorable background for the currency pair is the strong dollar, which is strengthening after last week's news. The pair may test the resistance and after a small correction continue the growth to the far target. Reasons for further gains: 1) A strong dollar that continues to rise 2) Against this...
USDCAD price is in a correction period. and is an upward trend The current price is near the support zone. 1.34293-1.34645 If the price cannot break through the level of 1.34293, it is expected that there is a chance that the price will rebound. Consider buying a red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
Here I have USD/CAD on the 1 HR Chart! Price has outlined a very clear Double Bottom pattern with the two Lows! RSI is giving us a Bullish Divergence which tells me price really wants to work higher from this point! Price has now broken the Confirmation of Pattern! With this PA of now Higher Highs, we look for the next Low to be Higher than the Low of the...
USDCAD came sharply to the downside back in November and December of 2023, which looks like an impulse in 4h time frame, so more weakness can be seen until we see five subwaves down completed. Ideally, that's now a wave 4 rally from 1.32 that is already trading into 1.3450-1.350 resistance at the 38.2-50% Fibo., around the former swing low. Ideally market will...
USDCAD trend is still in a downtrend. The price has an opportunity to test the 1.31142 support level if it does not break through. The technical structure is subject to pullback. Consider buying a red zone. >>Thank you and GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
USDCAD price is in the important support zone 1.32758. If the price cannot break through It is expected that in the short term there is a chance that prices will rebound. Consider buying a red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
USDCAD is on a big support! Till now we saw a nice reaction at this level Easy play! Cut bellow grey box
Here I have USD/CAD on the Daily Chart! Price has been creating Higher Lows into Lower Highs which is outlining a Pennant Pattern! Important factors to mention: The High price created at the First Touch of the Falling Resistance was unable to stay above the Previous Highs made on Oct. 13th '22 and Mar. 10th '23 and seems to be struggling with this Resistance at...
Preferred direction: BUY Comment: The British currency is also beginning to win back its lost positions against the US dollar. Here, growth is harder than with your teammates. However, an upward movement is expected with a target of 1.25600. Thank you for like and share your views!
Previous USDCAD post was taken down for reasons. I did call a Sell/Short however is not visible to see no longer. My analysis was on point and we did short at the top. Please continue to follow the signal that is now posted for a great profitable session. Shows clear downtrend M formation and has a classic meltdown from here after a multi-pump day....
Hello, Karina's wonderful friends! USD/CAD has dropped sharply to around 1.3800 as the US dollar weakened amid the Federal Reserve's stable monetary policy. The USD index fell to around 106.16 as investors saw the Fed completing its interest rate hikes. Investors are now waiting for employment data from the US and Canada for further guidance. On the chart, using...
Hello dear friends! Currently, USDCAD is pausing at a new high level of 1.386, and the upward trend shows no signs of cooling down. After conquering the resistance level at 1.378, this currency pair has maintained its momentum and continued to increase in value. The previous upward channel has been completely broken, and the next target for the upcoming week is to...
Preferred direction: BUY Comment: The situation for metals has not changed since yesterday and the instrument continues to be considered for purchases. In the next 2 days, many significant events and comments are expected to which the metal will most likely react. The goal of growth is to update the local high. Thank you for like and share your views!
After successive trades to liquidity target, the market seems to have lost its Bearish momentum for a bit. This has seen the market take out our zone in a bid to turning Bullish. For now, we are on a middle course. With the 1 hour reversing Bullish while the 4 hour maintains its Bearish momentum, it is difficult to say whichi direction the market would go for...
Hello dear friends! Currently, USDCAD is trading around the price level of 1.363, showing consolidation. From the technical analysis chart, it can be observed that the price range is gradually narrowing and is close to the area of EMA 34. There is a high possibility of an upward price movement if USDCAD breaks out of the current trend and continues to increase...
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This week I am looking to deploy capital depending on if the overall market outlooks becomes more favorable. I have USDCAD on my watchlist as it has been struggling to break higher above 1.3600 for the past 3 months. Recently, we've had a false breakout 3 times in the past month and each time bears stepped in and drove price back towards lows of 1.3500 creating...
Now the price looks to be in a pullback phase because it is showing momentum down in this major uptrend. Price might be attracted to support level, and it will have a good chance of continuing up in that zone. That's what the rules of trading are anyway — trade with the trend. If price goes past support level, it then becomes resistance and will have a higher...