USDCAD - Looking To Buy Pullbacks In The Short TermH4 - Strong bullish momentum
Higher highs
No opposite signs.
Until the two strong support zones hold my short term view remains bullish here.
Usdcadanalysis
USDCAD Buy SetupMarket Grabbed the Liquidity and Expanded Much. Leaving a Liquidity Zone and Buy Area Pending on Lower Side. After MSS, We waited for Inducement Level, Increasing the Setup Probability. Now, Expecting another MSS on M15 in POI Zone for Further Buying.
USD CAD SHORTRisk 0.5%
TP1 = 1:2 RR
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Usd Cad LongI have identified a potentially bullish move for the USD/CAD forex pair
Ascending Triangle Pattern: On the daily chart, the USD/CAD has been forming an ascending triangle pattern. This pattern is characterized by a horizontal resistance level and higher lows, indicating potential bullish pressure building up. A breakout above the resistance level could trigger a strong upward move.
Bullish Divergence: The Relative Strength Index (RSI) on the daily chart is showing a bullish divergence. While the price has been making lower lows, the RSI is forming higher lows, suggesting that the bearish momentum is weakening and a potential reversal could occur.
Moving Averages: The 50-day moving average (MA) has recently crossed above the 200-day MA, confirming a bullish crossover known as the "golden cross." This crossover signals a shift in momentum and supports the bullish bias.
Support Confirmation: The USD/CAD has recently tested and held firm at a key support level , providing further evidence of potential upward movement.
USDCAD Sell ExpectedH2 TF FVG is Internal Structure Liquidity to be taken Out by Market. Asian and London Session are Strongly Bullish. Expecting a Fall on Today 7:00PM (PST) News Time.
Entry After M5 CHoCH.
USDCAD BREAKOUT USD/CAD has experienced an ascending trading range breakout, indicating a potential long opportunity. Traders can consider opening long positions as the price surpasses the upper boundary of the range. This breakout suggests a shift in momentum and a potential continuation of the upward trend.
USDCAD SELLHi, According to my analysis of the USD pair. There is a high probability of falling. The pair broke the strong support at 1.33350. A very negative candle on the weekly chart. He also tested the same area, but could not break through the broken support. Good luck everyone
USDCAD: Technical rebound in short termFrom a technical point of view, it could be interesting to follow FX:USDCAD pair in the next sessions. If we look at the intraday chart Trend is bearish but at the same time, we think that at least one technical rebound around 1.3198 will happen. In conclusion, it might be interesting to accumulate long positions (buy the dip) with small sizes follow 1H Chart.
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USDCAD Wedge Breakout!USD-CAD broke out of the
Narrowing wedge and
The breakout is confirmed
So I think that we will see
Some more growth !
USDCAD Analysis 30July2023The possibility of a significant movement in the next few days for this pair. If you look a week ago this pair is more likely to accumulate with a structure like sideways. I am still sure that there is an opportunity to be limited to the SND D1 area below before this pair returns to bullish.
USDCAD BearishI have mentioned all the important resistance levels, where we may see sell opportunity on it. I think we do not have to look buying opportunity on it, just sell.
DeGRAM | USDCAD break and close above the strong levelUSDCAD is currently trading in an ascending channel.
The market made higher highs and higher closes. It broke and closed above the resistance that was tested twice.
Price is coiling up before breaking through the level. We anticipate a retest of the major resistance and bullish move.
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USDCAD - Bullish?OANDA:USDCAD
I entered a buy position on USDCAD at the pullback to the swing discount, targeting the old high on 4H.
Why the old high?
Above the old high there is a weekly FVG.
Reason Behind The Buy?
Price created a swing low on the weekly time frame right at the the weekly order block serving as support for price.
So, I expect price to bounce off weekly level to fill the FVG above, which is the external liquidity.
Price already took liquidity from the old lows.
Those are my thoughts behind the trade.
USDCAD Trade IdeaUSDCAD wi;; come back to test the trendline again, place your buy orders then.
Manage your risk accordingly!
USDCAD: What will happen next?The USD/CAD pair is hovering around 1.3175-80 after experiencing its largest daily decline in eight days. This decline can be attributed to the drop in WTI crude oil price, which is Canada's main export, as well as the stronger US Dollar. The market activity on Tuesday morning in Asia has been slow.
usdcad scalpthere is a good demand zone south the price and I think it would make the price react to it
USDCAD Analysis 23July2023the D1 trendline as a strong support area is still untouched and the price looks bullishly corrected.
the possibility that what will happen is the price approaches the SR Flip area and falls back to the trendline support area and then continues its bullish trend.
USDCAD: Technical Profits Await (SELL)On Weekly Bearish, market has been bearish. And this sets the bias we will be looking for which is the sell side.
On the daily chart, Price has just broken a level that has been tested multiple times in the past.
The 4hours is a little bit more interesting because we might see being rejected by: Support now turned resistance, Trend line that has held for a very longtime and the MA. which is a perfect confluence . It's all about probability
This is a good probability setup
USDCAD: stuck in a narrow range!Earlier today, the Japanese Government released updated forecasts, revealing that consumer inflation is expected to reach 2.6% in the current fiscal year. This is an increase from the previous forecast of 1.7% in January, and it surpasses the Bank of Japan's target of 2%. Additionally, the Government revised the economic growth forecast for the current year to 1.3%, down from the initial projection of 1.5% in January. It is anticipated that inflation will fall below the Bank of Japan's target range in 2024, with a forecasted rate of 1.9%.
USDCAD - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here we are in a bearish market structure from 1H timeframe perspective, so I am looking for short. I want price to go a little bit higher to take liquidity above equal highs and to fill the imbalance, then to reject for a short position.
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USDCAD ABCD PatternUSDCAD completed ABCD pattern and now we can see the retracement from point D.
Manage your risk according to your account size.
USDCAD Analysis H1Here is my analysis for USDCAD on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
