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Uascad

USDCAD Potential for Bullish Continuation| 24th August 2022On the H4, with the price above the ichimoku cloud and moving within the ascending trendline, we have a bullish bias that if the price break the buy entry at 1.29836, which is the current swing high and 38.2% fibonacci retracement, the price may rise to the take profit at 1.30632, which is in line with the swing high. Alternatively, the price may drop to the stop loss at 1.28899, where the 50% fibonacci retracement is. Take note the price of 1.29328 could be the intermediate support, if the price breaks this support, the ascending trendline will be broken. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
2
USDCAD-multi time frame - expecting dumping from 1.25900🇺🇸 USDCAD Setup / Analysis 🕐 4hr's / Daily / Chart 📋 Educational —————**- 🗒 Just browsing through my analysis means a lot to me. ➡️ Please follow the analysis very carefully and every detail of the chart means a lot. And always entry depends on many reasons carefully studied Always enter into deals when there are more than 5 reasons combined ➕ Key Technical / Reason's Short ——————————— Bearish reversal 1.25900 Area 1) major turn level 2) counter break out 3) hnv 4hrs 4) daily turn level 5) daily price action 6) week low Bullish Reversal 1.24700 Area 1) Major Turn level 2) Weekly HVN 3) Daily Retest 4) Weekly Retest 5) Month High 6) Daily Value Area
Short
by GoldenEngine
4
USDCAD - Full Analysis BreakdownToday I am highlighting possible trade ares on USDCAD, if you any questions on the pair let me know in the comment section below. Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful . If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner. Feel free to comment a pair or subject you would like me to cover next. Trade Safe Alpha Trading Group.
Editors' picks
by AlphaTrading-Group
2