USDCAD! 10/30 ! Resistance H4 SELL signal USDCAD trend forecast October 30, 2024
The USD/CAD pair continues its upward trend on Tuesday, rising 0.23% to 1.3910, near Monday’s three-month high of 1.3908. The Greenback's strength, coupled with a drop in oil prices, supports this movement. Positive US economic data has fueled expectations for Fed rate cuts in November. September’s JOLTs report was mixed but slightly below forecasts, while August home price indices exceeded expectations, indicating persistent shelter inflation.
Resistance H4 - overbought zone. In the context of the falling dollar, inflation cooling down in the US, causing the USD/XXX currency pairs to adjust down.
/// SELL USDCAD : zone 1.39300 - 1.39500
SL: 1.39800
TP: 60 - 100 - 250 pips (1.37000)
Safe and profitable trading
Sellusdcad
USD/CAD Full Detailed Analysis + Possible Trade as described on the chart the price is moving in down trendline and creating lower highs and lower lows, right now the price is creating the next lower high and this will be great point to sell the pair. also if we used a Fibonacci tool to measure the next wave 1.37 will be great point to sell the pair, also u can wait for a good a bearish price action around the 71 and 61 fib level and then enter ur sell trade.
USDCAD +90 Pips Congratulations All the price is standing at a strong area of resistance since Oct 2022 this area pushes the price each time very strongly. the second entry reason is that the price created this reversal head and shoulders pattern so we can enter a sell trade directly around the neckline
WOHOO USD Is MELTING So As My USDCAD Tradethe price is standing at a strong area of resistance since Oct 2022 this area pushes the price each time very strongly. the second entry reason is that the price created this reversal head and shoulders pattern so we can enter a sell trade directly around the neckline.
The price melted from the neckline after closing below it and my trade is in 70 Pips now !!
Congratulations if u entered with me
USD/CAD Will Drop Down Soon With This Reversal Patternthe price is standing at a strong area of resistance since Oct 2022 this area pushes the price each time very strongly. the second entry reason is that the price created this reversal head and shoulders pattern so we can enter a sell trade directly around the neckline
USD/ CAD !! DOWN correction wave ! 11/4/24 ⭐️ Smart investment, Strong finance
⭐️ USD/CAD INFORMATION:
The USD/CAD pair consolidates gains above 1.3650 in Asian trading hours, supported by stronger-than-expected US inflation. The Greenback reached a yearly high of 105.30. Investors are watching for cues from the US Producer Price Index (PPI) later today, with estimates of a 2.2% YoY increase in the headline PPI and a 2.3% YoY increase in the Core PPI.
The Bank of Canada (BoC) kept its key interest rate at 5% for the sixth consecutive time since July. BoC Governor Tiff Macklem stated that while recent inflation progress is encouraging, he needs more evidence before considering rate cuts. He also mentioned the possibility of an interest rate cut in June.
⭐️ Personal comments NOVA:
After a strong increase in price, the price needs an adjustment - a down wave to create liquidity and wait for the next motivational news.
⭐️ SET UP PRICE:
🔥SELL USD/ CAD zone: 1.36800 - 1.36950 SL 1.37400
TP1: 1.36500
TP2: 1.36100
TP3: 1.35800
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
USD/CAD Can We Expect The Next Move On This Pair ?!USDCDAD is a hard pair to expect its next move, but now we have this nicely respected up trendline. if we look at the trand line and put our fib tool we will see that we are near the trend an also near the fib 61% and 71% FIB levels.
all we can do now is to wait for a bullish price action around our 2 point ( fib level, trendline ) and from there we can enter a buy trade on this pair.
USDCAD !!! 31/1/24 TREND DOWN ! SELL NOW ⭐️ Smart investment, Strong finance
⭐️ USDCAD INFORMATION:
During the early Asian session on Wednesday, the USD/CAD pair ends its four-day losing streak. The recovery of the pair is supported by positive US job openings and consumer confidence data, which contribute to the strengthening of the US dollar (USD). The focus is now on the Federal Reserve (Fed) monetary policy meeting scheduled for Wednesday, where no changes in interest rates are expected. Currently, USD/CAD is trading at 1.3405, showing a 0.04% gain for the day.
Unexpectedly, the number of available jobs in the US increased in December to 9.026 million, as reported by the Bureau of Labor Statistics on Tuesday. This marks the first time that job openings have surpassed 9 million since September. In addition, the Conference Board Consumer Confidence index rose to 114.8 in January, compared to the previous reading of 108.0, reaching its highest level in two years.
⭐️ Personal comments NOVA:
The long-term price range is still in a DOWN trend, the next bottom is gradually lower than the previous bottom. Touching the trendline sets up a SELL signal. CAD economic data also does not have much important information
⭐️ SET UP PRICE:
🔥SELL USDCAD zone: 1.34200 - 1.34350 SL 1.34800
TP1: 1.33900
TP2: 1.33600
TP3: 1.33300
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
USD/CAD!! 7/12 Resistance zone for SELL signal⭐️ Smart investment, Strong finance
⭐️ USD/CAD INFORMATION:
During the Asian trading hours on Thursday, the USD/CAD pair is experiencing a stronger performance. This improvement can be attributed to the increased demand for the US Dollar (USD) and the decrease in oil prices. Currently, the USD/CAD is trading at 1.3605, representing a 0.09% decline for the day.
⭐️ Personal comments NOVA:
The nearest resistance area and buying volume decreased, setting up a SELL signal during the day
⭐️ SET UP USD/CAD PRICE:
🔥SELL USD/CAD zone: 1.36150 - 1.36300 SL 1.36700
TP1: 1.35900
TP2: 1.35600
TP3: 1.35300
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Sell USDCAD SW 260523 16.25📌📌Signal Sell USDCAD 📌📌
Link :
📍📍Open order 1.364
Sell lim 1 1.366
Sell lim 2 1.369
Sell lim 3 1.372
Sell lim 4 1.376
Sell lim 5 1.379
Sell lim 6 1.383
Sell lim 7 1.389
Tp 1.352
Sl 1.393
Warning !!! (Swing trade must be use pending orders)
!!!Pending orders should be set up lot size step by step
Example
(15,000$)
Open order 0.1 lot
Sell lim 1 0.15 lot
Sell lim 2 0.20 lot
Sell lim 3 0.25 lot
Sell lim 4 0.30 lot
Sell lim 5 0. 40 lot
Sell lim 6 (last order) = 0.1+0.15+0.2+0.25+0.3 = 1.1 lot
Example
(3,000$)
Open order 0.04 lot
Sell lim 1 0.05 lot
Sell lim 2 0.06 lot
Sell lim 3 0.07 lot
Sell lim 4 0.08 lot
Sell lim 5 0.10 lot
Sell lim 6 (last order) = 0.04+0.05+0.06+0.07+0.08 +0.1 = 0.4 lot
!!When any pending orders are open and the profits are covered by loss it is up to your decision.!!
Sell USDCAD SW 150523 16.55📌📌Signal Sell USDCAD 📌📌
Link :
📍📍Open order 1.3515
Sell lim 1 1.354
Sell lim 2 1.3565
Sell lim 3 1.3595
Sell lim 4 1.3625
Sell lim 5 1.365
Sell lim 6 1.3685
Sell lim 7 1.371
Tp 1.3365
Sl 1.3745
Warning !!! (Swing trade must be use pending orders)
!!!Pending orders should be set up lot size step by step
Example
(15,000$)
Open order 0.1 lot
Sell lim 1 0.15 lot
Sell lim 2 0.20 lot
Sell lim 3 0.25 lot
Sell lim 4 0.30 lot
Sell lim 5 0. 40 lot
Sell lim 6 (last order) = 0.1+0.15+0.2+0.25+0.3 = 1.1 lot
Example
(3,000$)
Open order 0.04 lot
Sell lim 1 0.05 lot
Sell lim 2 0.06 lot
Sell lim 3 0.07 lot
Sell lim 4 0.08 lot
Sell lim 5 0.10 lot
Sell lim 6 (last order) = 0.04+0.05+0.06+0.07+0.08 +0.1 = 0.4 lot
!!When any pending orders are open and the profits are covered by loss it is up to your decision.!!
USDCAD, BoC to hike rates this week?Hey traders, in this week we are monitoring USDCAD for a selling opportunity around 1.26 zone, in this week we have BoC rate announcement where it's expected for BoC to hike rates by 0.50. this should contribute to CAD strength.
Once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.