1. US Treasury yields climb, boost dollar: Rising US Treasury yields are providing some support for the dollar, putting mild upward pressure on the USD/CAD pair. 2. US employment data beats expectations: Positive US employment data released yesterday initially strengthened the US dollar, putting upward pressure on USD/CAD. However, concerns about rising US...
USDCAD / 1D Hello traders, welcome back to another market breakdown. USDCAD has failed to break bellow old lows with a follow through. The price deviated and came back inside the range. I expect the price to grow more after testing the last deviation zone where many bears are trapped. Checkout the chart for my trigger plan for more confirmation. Trade...
USDCAD has been Ranging in higher timeframes. On lower timeframes, a Bear market predominates. Price approaching Significant Zone: 1.30900 - 1.31775 Although zone was used previously as support, momentum indicates probable continuation passed this zone onto lower prices - unless proven otherwise by future price movements. Opinion is currently Neutral ...
Hey Traders, in tomorrow's trading session we are monitoring USDCAD for a selling opportunity around 1.33300 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend a 1.33300 support and resistance area. Trade safe, Joe.
USDCAD has hit the 0.236 Fibonacci level of the 15 month Rectangle pattern after a continuous decline since the November 1st High. This level has been a technical buy entry on 5 occassions. Trading Plan: 1. Buy on the current market price. Targets: 1. 1.36350 (0.618 Fibonacci level). Tips: 1. The RSI (1d) has printed a Falling Support, which has been a bottom...
In today's trading session, our primary focus is on USDCAD, where we are actively monitoring a potential selling opportunity around the 1.33900 zone. Currently entrenched in a downtrend, USDCAD demonstrates a sustained downward trajectory. Simultaneously, the currency pair is navigating a correction phase, steadily converging towards the trend at the pivotal...
Hey Traders, Check out this technical analysis on USDCAD. USDCAD is currently trading with bearish momentum by staying below the bearish trend line. So anticipate a retest of the broken support level and consider entering SELL positions. Keep a close eye on this; it could play out in either direction.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 Here is a detailed update top-down analysis for #USDCAD. Which scenario do you think is more likely to happen? and Why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
buy from 1.32500 and 1.31500 ....... take profit its open as you like stop loss 1.30600
Hey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.34600 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.34600 support and resistance area. Trade safe, Joe.
USDCAD is in a big downtrend. Some resistance has already been shown in the big zone. USDCAD will most likely see a rejection around this level and could be making news lows soon after. I will be looking for short positions today and tomorrow. Let me know what you think!
USDCAD is being rejected on the 1D MA100, having turned bearish when ir crossed under the 1D MA50 on November 24th. The 1D technical outlook is naturally bearish (RSI = 40.749, MACD = -0.004, ADX = 31.294) giving us the ideal sell opportunity for an additional short, that will aim this time for a -4.00% decline from the top (TP = 1.33500). The 1D RSI is on a...
Hey Traders, in tomorrow's trading session we are monitoring USDCAD for a selling opportunity around 1.37100 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.37100 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.35800 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.35800 support and resistance area. Trade safe, Joe.
The USDCAD pair hit today the 1D MA200 (orange trend-line) for the first time since September 29. This comes after the November 01 top rejection marginally above Resistance 1 (1.38645) got accelerated by breaking below the 1D MA50 (blue trend-line). With the 1D RSI close to the 30.00 oversold barrier, we see an uncanny resemblance with the March 10 - April 03...
∙ Average true range is a volatility indicator ∙ Low readings or declining ATR line shows that volatility is shrinking and the price is in a consolidation and implies a breakout or higher volatility ahead ∙ The Canadian Dollar is trading lower benefiting from a weak US Dollar but still within the 1.33-1.38 range that is holding for more than a year (since...
Hey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.36500 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.36500 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.37900 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.37900 support and resistance area. Trade safe, Joe.