The Canadian Dollar is expected to trade below the first triangle at the end of Tuesday, according to Rhombus theory analysts expectations.
USDCAD RANGING. We are trading between Support and Resistance, I will let you know I see a breakout from one of these levels.
By using weekly supports, Fibonacci, and a major downtrend, I concluded a small analysis of this trend. I put 3 price targets for sell opportunities during the retracements. Enjoy! edit: My target prices might be a little too optimistic :') edit 2: There seems to be a resistance zone at 1.26000-1.26075, its has been tested multiple times (on the 1h chart) nut...
Prices are facing bearish pressure where we could see a further drop below this level.
Prices are facing bearish pressure from our resistance, in line with our 23.6% fibonacci retracement where we could see a further drop below this level to our support target. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
• Pair approaching YTD lows near 1.24680 • The latter should act as medium term support and prevent further losses • Strong Canadian jobs data signal a stronger recovery compared to the U.S • Rising oil prices adds to the downside pressure • Breaking 1.24680 exposes 2017 lows near 1.22470
• First descending short term trend line was broken • Second descending long term trend line is the next target (near 1.2780) • Before that lies the 50-day moving average near 1.2750 • USD picking up pace after strong retail sales data • Long positions should be short lived since the CAD is supported by rising oil prices
I'm waiting paticently to see what price is about to do... take your time please!!!!!!!
USDCAD Basic Long Setup. The trend appears to have hit support for the third time. A third resistance hit can be expected in the coming few weeks.
USDCAD has been bearish and it's time for a change in direction.
The pair is currently stuck between the Fibonacci channels and the two major trends. If the falling trend with the 0.382 Fibonacci channel is not broken, we can see 1.41 levels again. However, if these prices break these trends, the target will be around 1.20. It contains only personal views and opinions. Does not contain legal investment advice ...
FREE SIGNAL USDCAD BUY TP 1.35264 TP 1.36207 TP 1.36998 SL 1.94076 (79 Pips) We can see market is setting itself for an uptrend, we also see the engulfing bullish candle which adds extra confluence to our trade. SL is placed below a key level of support in case of a reversal. Always use proper risk💯💯
Espero que USDCAD este en subida y después empiece a caer.!
favouring the downside, from mtf analysis