USDCAD is trading in a strong bearish trend. Now we see a local correctional move. It looks like soon bears will push further. Be prepared to sell! Please, Like This Post & Write a Lovely Comment
Price currently in demand zone, and Risk/Reward looks decent. Could potentially be a head and shoulders on the daily which would indicate a trend reversal but looking at the high I'm going to say price will bounce off of support and continue back to the supply zone!!!!!
Price is currently, showing a lot of bullish strength around 1.2578 area, if we have a break above the previous resistance at 1.2624 then surely, price is going to head to the supply at 1.2775 which is an area where sellers are likely to come back in to the market.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Just entered into my USD/CAD short position. Entered at the level we analysed from this mornings watchlist which I shared on here too (link will be attached below)
In our previous forecast, we correctly anticipated the price to start a corrective B wave. In the coming days, we expect the price to make a small pullback and continue towards the $1.28 level. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice....
BUY LIMIT USDCAD ON 1.2600 TP: 1.2727 SL 1.2550 #forex #usdcad
It seems like a short USDCAD, Its being a down trend since 1.27200
Sell: USD / CAD SL @ 1.26400 TP @ 1.25500 Max Risk: 2% (When calculating, do not forget about different spreads from Brokers) Leave comments or likes to keep our content free and alive. Have a good week to everyone
Hey traders, During the last two weeks, we were monitoring carefully USDCAD pair together. We were waiting for a daily structure breakout and consequent bullish continuation. With a valid structure breakout, we were looking for a confirmation to buy the market on a retest. With my students, we spotted a bullish flag pattern on 1H. Its bullish breakout and...
USDCAD has found strong support. New early in the morning is expected to push up the market in US favor.
The U.S. Dollar continue strenghten during this day, and today, we have a good news that Federal Reserve it's running the inflation in the economy. For that, this it's a good news in the economy as investor hope with more news about the next check stimulus about the covid-19 recovery in America. Now, I put a long position in the market price at $1.2520 CAD and...
Very Simple setup. Head and shoulders pattern on the 4hr timeframe (strong confirmation). Looking for USDCAD to push down to the 1.23500.
Last week, the pair gained more bullish momentum and increased, despite our forecast in which we expected the price to reach the liquidity pool before resuming the uptrend. For this week we expect the price to lose some momentum until it reaches the confluence between the support and the trendline. After that, we anticipate the bullish momentum to return. Trade...
RSI (DIV) Break Out Take Profit: According to Fib Extension & Resistance
Hi, Welcome to our Analysis, we are on 4H chart of USDCAD, there are Five-Factor which is telling about bullish momentum in the market 1. Conversion line crossed above the baseline 2. baseline crosses below the conversion line. 3. Wait for Chiku span (yellow line) or lagging span to break above the Price line. 4. Kumo Cloud Formation is getting Smaller Day by...
We have seen price break our descending trendline. Could this be a sign that things are starting to turn for the USD? Have a great trading day, remember - Jobless Claims data release is out today and every Thursday.