A counter trend trade? A positive FOMC could strengthen the USD, driving the USDCAD off the support of 1.2950, up towards 1.3050
USDCAD to continue lower, due to USD weakness This is the start of a series of trades setups i'll be identifying, for traders who just haven't got the time. So a trade to enter before going to bed and achieving a profit by the time they wake up. This is only a probability setup, please remember to manage your risk and ensure to know why you are entering the...
USDCAD retested the 1.2690 zone which previously acted as resisteance and is not support. The trend appears to be headed towards the 1.2800 zone
Hey guys ! Here is a nice potential short entry on USD/CAD . Accumulation of : - Bearish structure - Fib 61.8 / resistance zone combo - Standard deviation - Weekly trendline - SMA 100 & overbought combo Im looking for a double top on the channel You can follow me for more high probability setup . Good luck ! :)
I’ll be paying attention the CAD GDP this evening, as a surprise could present. The USDCAD has been trading in a 100pip range (1.2280 and 1.2380), a break of the support could see price extend toward 1.2100.
Now everyone know that USD is weak and we have FOMC in a while. The longer trend is DOWN for this pair, but it is good to expect the unexpected. We might have 1.238 region as a minor retracement. Trade Safe s0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk...
I'm bearish USDCAD for the short term but I think we may get a better entry given the price action of the last days. A test of 1.26-1.271 looks probable. We have a confirmed upward pitchfork that sets the regression price short term at around 1.265. From the basic pitchfork trading rules, when you are expecting a reversal, you should expect the next pivot to...
usdcad has shown a lot of downwards momentum recently and as long as we remain below 1.26500 my outlook will remain bearish on this pair. i am now awaiting a break of the ascending trend-line and a corrective structure to confirm downwards movement.
USD/CAD was in "Sort of" oversold region after hitting eating up decent SL of the long. Now it is very like in the retracement mode. USD/CAD UP mean Oil can be down too. In the longer term, we are still in BEAR but it "may" be time for a decent swing back as there are many shortists piling up to get wacked. 1.2590 and 1.272 will be nice targets. Trade...
There's an opportunity to have the third wave pretty soon.
Bulls are likely going to deliver another upward impulse.
In celebration for the milestone of earning 1000 reputation on tradingview I decided to do a bonus analysis on an old pair I used to trade but not so much anymore. Recent fundamentals has given CAD some weakness as they decided to keep interest rates the same at the last meeting after a couple previous rate hikes and rumours about further rate hikes next year....
Reloading back down to 1.2465
USDCAD broke Support on the 4h Candle, now I'm heading to 1.2465 1:1 Risk/Reward
Now everyone hate USD. I think it "may" be priming for short covering rally. It may not be a start of uptrend but at least a possible swing back. I expect the region near 1.24 will be highly defended. If you have play weakness of USD, try looking other pairs.. not USD/CAD Possible Swing up from that level. Wait for it. IF you ever take any Long position, it...
I can't help but see the very good support level of 1.2440 area. If you are having a short, just be careful At the same time, do not rush in with he long positions as well, I am planning to send into some long scouts to test water. It is not outright bullish calls yet. Let's see and trade Safe. s0nic Disclaimer : This analysis not include personal...