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Ucad

🔰USD/CAD - Simple Analysis to catch Pips by your own this week 🔰 USD/CAD will follow DXY lead - So for this pair is Bullish 🔰 🔻 USDCAD Daily Candle closed Bearish - But the price is trading above our Blue dotted line which was representing a Resistance to this Bearish Trend from last year 🔹 Our Next Bearish Support from here is 1.2600 following our Target as a Major Support for the week 🔹 As long as the price is holding Above 1.2600 will remain in Bullish Market ✅ Bullish Oil + DXY will support this pair to trade Higher 🔔 We will trade USDCAD when the price give us a good Risk to Reward opportunity - at the moment before London Session we will remain Neutral
by PipOfLife
2
🔰 USD/CAD — is losing it - watch what will happen Today 🔻 USDCAD Daily Candle will close Bearish as the DXY is dropping - DXY has created a Lower Low ( LL ) and reached our Target successfully 🔹 Our major Support from here is 1.2400 Level then to 1.2300 figure 🔹 as long as the price is holding below 1.2600 will remain Bearish ✅ Oil + DXY will support this pair to drop more to the downside 🔔 We will trade USDCAD when the DXY is going down - This pair is highly affected by Dollar Index
Short
by PipOfLife
🔰 USD/CAD — We will see more bearishness 🔰 🔻 USDCAD Daily Candle closed same as DXY as a Doji — If you noticed Price traded to the Upside respecting the Order Block ( OB ) that is has given last night then dropped down to create another Lower Low ( LL ) — Another Doji Candle will give us a further space to the downside 🔹 Our major Support from here is 1.2500 Zone then to 1.2400 Level 🔹 We are under Bearish market unless we see a price trading above 1.2700 which is too far from here ✅ Oil + DXY will help the price drop more - as we aim to short this pair in the upcoming sessions ( London + New York ) 🔔 We will trade USDCAD when the DXY is trading lower as right now the Dollar Index Trading at our Support Zone
Short
by PipOfLife
🔰 USD/CAD — Is Bearish for the week but we could have pullback🔻 USDCAD Weekly Candle closed bearish after a Doji Daily Candle - The market will face a bearish movement 🔹 Our major Support from here is 1.2500 Zone 🔹 As long as the price is trading below our red dot line will remain Bearish ✅ The next bearishness likely to come from Oil + DXY which they are dropping from last night ( This is the Liquidity for USDCAD Pair ) 🔔 USDCAD is only bullish when the DXY is going up
Short
by PipOfLife
My guess on ucadYou will hate me for that, but thats my guess for the next 4 weeks of ucad, to me its very likely that we extend the current downtrend, QE will push the usd further down, no matter what politicans say, as long as Jerome Powell isnt saying he wants the dollar to rise, the dollar will not rise Stocks and bonds may rise, the dollar wont, thats my guess so far, we will see how it develops ... we ll keep an vigilant eye of those bigger moves 1st Option highlited is a short continuation to the downside followed by a strong consolidation phase 2nd Option highlited is a longer move down till february, which may be could be interrupted by 1 or 2 consolidation phases Of course there is always a probability for other developments, thats why we constantly track whats happening in front of us!
Short
by MrKrft
2
Usd / Cad Is it time to resale?Usd / Cad Is it time to resale? When you look at the pattern like the one I described, it will seem that the price will continue to fall into the buy area, but is this true? if you see the previous history, I made a buy transaction in this history s3.tradingview.com and at this time the price seems not to continue the opportunity to go up again, I see there is still a chance to go down. I will take this opportunity when the price breaks the validation to sell line with a target that can be quite deep. when are these opportunities? let's wait for the next few days, hopefully this trading plan can be executed.
by Hokusai_FX