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Usdcadanalysis

USDCAD 3h longI welcome my dear fellow readers and traders to my next analysis. We are going to see if the USDCAD will rise or if it is likely to fall further. When can you buy or is there any possibility of such a drop? When to exit? What is the reason to buy? These things we will see in this post. I saw the chart and now it is in a good place to go for a long. Although stocks have fallen sharply now, the space still has the potential to withstand further damage. If you look at the 3h chart, there is little change in price from 1.34703 to 1.33839 range. So, the market remembers this price and keeps the price change in this range. So, buying this stock at this location is the right decision. But there is also a chance to break this cycle if the stock distribution is high. Look at the chart attached for a better clarity. Perhaps, I had in my mind that if the price closed from 1.34703 to 1.33839 range, then I can enter. Now the price has closed as expected within this range. Now it is time to go long a for a while. But it is wise to follow your risk management before taking entry. I love to share my ideas. Feel free to revise the text and provide feedback. It makes it so personal and improve us in better ways. Thanks & Regards, Alpha Trading Station Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market". FOREXCOM:USDCAD
Long
by AlphaTradingStation
2
USDCAD 1:4 plus TRADE in SHORT! explained With Curve Analysis. We have a Weeky Source Supply and a 6 Months Destination Demand forming the Demand and Supply Equilibrium Curve, Currently Price is in the area which is High on the Curve hence the risk: reward ratio is very favourable in the trend direction. The Daily Supply is a potential trade in sell, risk is defined and reward is set, for analysis on a specific script plz leave ur precious comments, Enjoy Money Making !!!
Short
by WavesandZones
2
Does the pair close the year with Bear's domination?# 1.35375 has been working as a level of resistance # The sellers may go short below 1.34850 USDCAD made a good bearish move in the H4 chart. The pair had a bounce at 1.34850 and made a bullish correction. The pair has been traded around the level of 1.35375. The H4 chart shows that the price reacted at this level several times. Thus, the sellers may keep their eyes in the pair to go short if the level produces a bearish reversal candle. The sellers may go short below the level of 1.34850. The price may find its next support around 1.34000. On the other hand, if the price goes above 1.35375, the buyers may push the price towards the North as far as intraday minor charts are concerned. It means the pair may extend its bullish correction. It may end up making the H4 chart choppy for a while. Considering the scenario, it seems that the Bear has an upper hand here. Let us wait and watch how the pair finishes the year.
Short
by SikderTareq
1
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD USDCAD is now quite BUY. The reason is because OIL is slightly WEAK, CAD is WEAK and USD is slightly UP. The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK. And MARKETS RISK has been OFF again for this reason. But with RETAIL SALES, ISM MANUFACTURING DATA, and FED UPDATES, this situation may change in the future. Therefore, if the FED continues to be HAWKISH, the USD can definitely go UP. So stay tuned for FED UPDATES. We think it will go up to the 1.3792 level before going down again. Also, with this MARKET RISK ON SENTIMENT, the USDCAD PRICE can SELL to the 1.3155 LEVEL in the future. FOLLOW THE STRUCTURE GIVEN.
by benny_marshall