bearish scenarion on USDCAD, wee look to see it continue going lower taking old lows
The Japanese yen has started the week with slight gains and is trading at 144.39 in the European session, up 0.16%. It was a rough week for the yen, which declined 2.5% against the US dollar, which has looked sharp against most of the majors since New Year's. US nonfarm payrolls ended 2023 on a strong note. The economy added 216,000 jobs in December, compared to...
Share your idea in the comment section of this pair and let's debate Good Week, Michel_FRX DISCLAIMER: 1. Be aware this is not financial advice so trade carefully and have stop loss for sure 2. Past performance is not indicative of future results
USDCAD Channel: GREEN WK Pivot: GREEN AOB: WP CON: EngB BUY Stop: 1.37578 Stop Loss: 1.36602 TP01: 1.38554 DWR present as a buy setup on 25 OCT, with Channel and Pivot are green bouncing off EngB However, trade is not taken/considered SPX500: SELL DXY: UNSURE OIL: BUY GOLD: BUY
The Canadian dollar has steadied on Thursday. In the North American session, USD/CAD is trading at 1.3728, down 0.12%. The Canadian currency has stabilized after a nasty four-day slide, in which it declined 1.9%. The US dollar continues to look strong against the majors, as "US exceptionalism" continues to make the greenback attractive to investors. The Canadian...
USDCAD retrace back to demand zone spotting a rejection and an engulf reversal candle pattern hence a potential long target 1.33332
On USDCAD, we have a critical setup, which means that the price is at a point of demand and supply at the same time. By analyzing the chart, I can infer that the price could drop to 1.3530, creating a short setup, and then bounce back to the supply level before descending further with a target at 1.34. Alternatively, the price could retrace directly to 1.3540,...
OANDA:USDCAD Canadian dollar tags along with WTI going higher. Took a hard 10pip TP short on the USD/CAD
If USDCAD is on a uptrend then it should not go below 1.3402 (previous 8hour low). Price will likely pullback during the Asian session till London open. You can go long at around 1.3420 with a 20pip stop loss. Weekly , daily, 8 hour stochastic is going up and daily candlestick ended green so most likely price will continue to go up. Remember to close all...
We are waiting for the price to settle, either for a sale or a purchase. We will update this pair in the near future.
• Parallel channels on the weekly chart • This pair almost always moves in channels • We are now in an ascending channel, so further upside expected • Decreasing oil prices supporting the bullish stance
USDCAD - What is this ranging FX pair's next move? Watch and let me know what you think.
#USDCAD Looking for Sell trade setup as I mentioned in the Chart.! Keep Supporting LIKE, COMMENT And FOLLOW.! Thank You.!
Analysis on #USDCAD The USDCAD is near its daily trend line support and might see a pause in here to explore buyer and seller interest in the pair, I have been eyeing this setup for a confirmation to get in buy but it kept falling to the downside below 1.2600 key support level. We all know the correlation between oil and CAD strength, and if the oil market...
I see the opportunity to sell USDCAD right now it is the time to sell Enjoy trading If you like signal please help to like and follow Thank you
trade plan is buy (no signal) like if u agree with me
When Bullish Bat Pattern meets Bullish ABCD Pattern within the buy zone would you disregard the Canada Rates Decision? Well, I will still engage the trade but will revisit it at 10.30pm.(GMT +8) 30minutes before the rate decision.
Overall, USD/CAD is ranging across. Recently, USD/CAD trended into the support zone of 1.26100. Currently, USD/CAD is testing the support zone of 1.26100 and its next resistance zone is at 1.29200. Look for short-term selling opportunities of USD/CAD if it breaks the support zone of 1.26100.