Will USDCAD be my best trade in 2022? Hi Traders,
This is my view for this week on USDCAD, thanks to Richard Wyckoff ;-)
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
I really hope you liked this content and I would like to know what do you think about this analysis, so please use the comment section below to give me your point of view.
Pit
DISCLAIMER:
Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice.
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Usdcadanalysis
USDCAD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
UsdCad- Correction to 1.35?After the break above the important 1.32 resistance, UsdCad accelerated its gains and reached very 1.4 psychological figure.
This top is marked by a strong bearish pin bar, suggesting that a correction could follow.
After an initial drop to 1.36, the pair is in recovery and this rally can offer bearish opportunities for selling in anticipation of a new leg down.
UsdCad should be sold above 1.38 with 1.35 in focus and negation above 1.4
USDCAD POSSIBLE BEAR MOVEMENTUptrend wedge formed on the 1hr TF
Major Zone right 1.36411, also price is sitting right on the support trendline.
Breakout from the zone and the trendline as confluence will ignite the possible bear movement.
Also another entry level is right at 1.34993 once price break the zone and retest.
USDCADHi traders, i am looking it the USDCAD chart if price go back our mentioned pattern completion area then i will be looking price action again for a short position opportunity, if price drop from the current area and break 1.37184 level without hiting our mentioned entry level then this setup will be invalidate.
If you are taking this trade so please i request you trade with your according strategy do not depend on my analysis, this analysis is just a scenario and i would love to be wrong GOOD LUCK.
USDCAD - Long from bullish orderblock ✅Hello traders!
‼️ This is my analysis on USDCAD .
Here we are still in a bullish market structure, so I am looking only for longs. I expect price to continue the retracement to fill the imbalance and to reject from bullish orderblock + institutional big figure 1.36000.
Like, comment and subscribe to be in touch with my content!
USDCADHi traders, i am currently in short position, i am expecting from price to continue and go hit our bottom mentioned area but if price go back and hit our upper mentioned area then i will be looking price action on the top for the next short position opportunity.
Trade with your according strategy do not depend on my analysis, this analysis is just a scenario and i would love to be wrong GOOD LUCK.
💰BUY USDCAD at the best place and price🌟🔰You can see the analysis of the US dollar to Canadian dollar currency pair in the 30-minute time frame (USDCAD_ 30min) 🔍🎈
✨Considering that the price has been able to break the Down trend line🖤 and then pullback to it, there is a possibility of the price going up❗️ The best area and price to buy this currency pair is in the intersection of the pullback zone and the Demand zone and Support🧡, and there is a possibility that the price will rise from this area to the Supply zone🚀🔺
Do you think this analysis can be profitable❓
I hope the analysis was useful for you🤍🌹
_______📈TRADER STREET📉______
USDCAD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCAD - Long from bullish orderblock ✅ Hello traders!
⁉️This is my analysis on USDCAD .
Here we are still in a bullish market structure, so I am looking only for longs. I expect price to continue the retracement to fill the imbalance and then to reject from bullish orderblock + institutional big figure 1.36000.
Like, comment and subscribe to be in touch with my content!
USDCAD Next Possible MoveTechnical Analysis Chart Update
USD / CAD ( U.S Dollar / Canadian Dollar )
Time Frame - M45
We have Triple Top in Long Time Frame #LTF
Strong Selling Divergence
It Rejected the Strong Resistance Level
According to the Pattern we have Bullish Channel in Short Time Frame #STF and it has Breakout the Lower Trend Line #LTL we will wait until its Retest
Looking To SELL USDCAD Around 1.40 or Above...USDCAD is fast approaching the 1.40 level which is the start of a huge Monthly SUPPLY/SELL zone that is around 700 pips in range so to find a good R/R trade we need to zoom into the weekly charts to see if there is any areas there for possible setups.
As you can see marked on the charts there is a nice Weekly SUPPLY/SELL zone starting at 1.40 this is where price actually broke down heavy from in 2020 it's also a tight zone so will provide an excellent R/R trade if the correct signal happens here.
I will be looking for a signal on my FX Reversal King indicator on approach to 1.40 on timeframes from the 6hr to Daily, the first easy target if this trade triggers is the last high in the previous trend that was just taken out at 1.34 it can drop a little lower to 1.32 .
USD/CAD likely to move up ahead CPI!Hey tradomaniacs,
USD/CAD is re-testing a strong support-zone showing that buyers (sellers in Futures CAD/USD) are imcoming to support the trend.
Technically we have a great chance here to follow the trend with a tighter stop-loss.
Overall risky to trade ahead the CPI-Data as inflation is the only thing the market cares about in order to predict rate-hikes by the FED.
Choppy market.. but good chance here I guess.
What do you think?
USDCAD: is a Wyckoff distribution schematic on?Hi Traders,
This is my view for this week on USDCAD:
I'll be long on a Intraday perspective. I'll wait for the price to reach 1.36 area. After that let's see what will happen but, probably, 1.40 will be a key area for a reversal.
I remind you that this is only a forecast based on what current data are.
I really hope you liked this content and I would like to know what do you think about this analysis, so please use the comment section below to give me your point of view.
Pit
DISCLAIMER:
Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice.
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DeGRAM | USDCAD at strong supportUSDCAD moving in the ascending channel .
The market formed a consolidation zone at the support level .
Price broke and closed above the psychological level of 1.3700.
We expect retest of the resistance level .
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Share your opinion in the comments and support the idea with like. Thanks for your support!
USDCAD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.