USDCAD SellOn Friday USD showed weakness while in other hand Canadian Dollar showed much strength. I think CAD will remain strong in next week against the USD.
Usdcadanalysis
DeGRAM | USDCAD kill zone for short opportunityUSDCAD is moving in a descending channel. Price is consolidating on the D timeframe.
The market is testing the kill zone: resistance level at 1.36500, golden ratio of 61.8%, and channel's border.
We expect the downtrend to continue since the trend is bearish.
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USDCAD IS AT STRONG RESISTANCEUsdcad is now at strong horizontal resistance and here is a sell trend line also.
If market reject from here you can sell with small SL.
If market break and close above on resistance this setup will fail.
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USDCAD Next MovePair : USDCAD ( U.S Dollar / Canadian Dollar )
Description :
Bullish Channel in Long Time Frame as an Corrective Pattern and Rejection from the Lower Trend Line
Divergence
Break of Structure
Completed " 12345 " Impulsive Wave and " A " Corrective Wave
Rejecting from Fibonacci Level - 61.80%
USD/CAD bulls eye 1.3700A strong bullish trend has developed on the 1-hour chart of USD/CAD, which is underscored by its timely yet shallow retracements. It's found support along the 10-bar EMA to show bullish momentum is increasing and the OBV (on balance volume) is trending higher with prices.
A retracement has also found support around the weekly R1 pivot and the high of a prior bullish engulfing candle, whilst holding above the daily pivot point.
The bias is bullish above the daily pivot and for a rally towards 1.3700, with the daily R1` and weekly R2 pivot providing potential targets for bulls just below 1.3700.
Double Top in USDCAD may reverse the trend to bearishDouble Top in USDCAD in H1 timeframe along with bearish divergence may reverse the trend from bullish to bearish if it breaks support level of 1.352
USDCAD held our CRITICAL POINTWhat a beautiful move we've seen in this Pair...
As we mentioned in our previous post about USDCAD that its approaching towards critical point 1.3310...
And it did showed respect at our mentioned area and built a solid support and bounced back
We congratulate to those who took profit out of this previous analysis 👍
What is driving this USDCAD forex pair up?Is oil moving up again? I don’t see that. Remember this Canadian dollor is supposed to be a commodity currency pushed by the price of oil. I checked the USD’s DXY, which shows a little strength in the US dollar over the last few days. There seems to be no solid drive here for this incline, but I am unsure if it is sustainable over the long run. There are hardly any instruments moving positively today with my latest scans against the forex and CFD universe.
usdcad Trade Idea HIGH Probability Reaction!!Here we have a high probability rejection area based off of my Analysis as we can see B2B OB's as shown on the Idea
Please Feel Free to drop me a comment regarding my Analysis
disclaimer - information shared is for educational and demo purposes only
past profitable trade ideas dont guarantee a future result, trading i risky and one should master and manage their risk management
USD/CAD Multi-Timeframe & Order Flow AnalysisHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
USD/CAD SETUP UPDATEHey Guys!
There was a new long trade that formed this week, possibly resetting the weekly bias. Therefore, this bias is reset back to neutral at this point.
In this post I explain what's been happening on this weekly bias for the last couple of weeks, and moreover explain why this bias is reset at this point.
That's it! I'll keep you guys updated!
Ken
USDCAD SHORTA possible retrace on 2 hour supply, sweeping all internal liquidities then proceed to sweep external liquidities down to 1.30494 demand area.
USDCAD Bullish Continuation?
Hello Traders,
on the daily chart price is in a channel. After a bounce from the daily keylevel (white box) we have now reached a 4h key level(blue box).
If we break this level I am expecting a retest and a continuation to the above daily keylevel
Any feedback is appreciated, specially if you dont agree.
Thanks
USDCAD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here I am looking for a long position as we are in a bullish market structure on daily. My point of interest is bullish order block and imbalance filled after price took sell stop liquidity. Then I will look for a confirmation on lower timeframe.
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USDCAD H1 Short Hi
USDCAD IN Supply Area
Entry:1.34690
SL:1.34899
TP:1.34067
RR= 1:3
if You like Support & Share
USDCAD SHORTWe can see the chart tells that it is in downside momentum. Now, the is a 3-hour supply area that can be a possible area for another short entry between 1.34289 to 1.34397. Then goes down to the daily demand at the bottom.
USD/CAD bounces off Support level, time to go long?Hello traders, USD/CAD has bounced off the long-term support level that I have highlighted in my chart.
We can see the formation of Bullish candlestick pattern in the Support level that gives us a significant
reason to consider long entries in USD/CAD.
That being said, I would recommend traders to wait for a better entry before going long to minimize the risk.
1.3274 appears to be a key level to go long with SL moderately below 1.32 level and TPs at 1.35 and 1.37
respectively.
USDCAD Bullish BAT Harmonic ReversalUSDCAD Bullish BAT Harmonic Reversal. Confirmation by Bullish Divergence and new HH HL printing
BUY/LONG Order Executed. RR is 1:1 but will ride the trend after TP1 with SL at BE.
USDCAD TradingView H1Heer is my view for USDCAD on H1. 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!
UsdCad- Strong support is near. 1:4 R:R could be achievedSince October 2022, UsdCad is trading, more or less, in a 500 pips range.
At this moment, the pair is approaching the lower boundary of this range and this could offer us an opportunity to go long with a tight SL and 1:3 or 1:4 risk:reward depending of entry
buying opportunity in USDCAD -fundamentally we have a strong USD compared to CAD
considering the banking crisis stabilizing and predicting a higher chance for a soft landing for the fed
-on the technical side :
we have reached a a key level in the Daily and the 4H timeframes ,
RSI divergence in 5\15min timeframes,
double bottom break in the 15min timeframe
USDCAD LONG USDCAD arrive at an important level focus on this pair
USDCAD A good setup
But this is a conformation of trade waiting for the Market to remove Supply then we enter long using demand above then the TL
