USDCAD buying opportunity | 21 Nov 2022USDCAD saw a downtrend until it came to test the 1.32200 support zone, where we also saw a double bottom formation with a break above its neckline at 1.33200. Price rebounded, only to tap the 1.33200 resistance zone, and proceeded to oscillate between the two zones between 14-17 November. Finally on 17 November, weak Canadian inflation and buoyant US retail sales data provided a strong fundamental upside momentum to USDCAD, which pushed prices past the 1.33200 resistance turned support zone. We forecast price to continue along the bullish trend to the next resistance zone at 1.35500, which coincides with the 100% Fibonacci retracement level. There is a buying opportunity when price approaches the lower bound of the bullish channel. Prices are lying above the Ichimoku cloud as well, supporting our bullish forecast.
Usdcadbullish
FOREX ANALYSIS: USDCAD CHART ANALYSIS w/ ORDER FLOW AND NEWSWelcome back to another video, today's video is about analysing the NASDAQ (NAS100) using the monthly, weekly and daily timeframe to understand and see price movements for possible next direction (either downwards or upwards trend).
P.S NOT A FINANCIAL ADVISOR... JUST EDUCATIONAL AND LEARNING PURPOSE ONLY...
USDCAD Long for 600+ pipsUsdCad has been in a bullish considation zone since June 2017... For the past 4 months its been gradually falling but i see opportunity to hop back into a perfect buy for the next few weeks off a double bottom on the Daily which is touching a monthly resistance, so possible swing trade for 600+ pips
USDCAD ready for next upside push??Been a bit of a slow start to the week but we are now starting to shape some possible new moves, one of them been a possible continuation on USDCAD. Ill be waiting for more rejection out of 1.24000 area before taking longs. As always risk manage and keep to that trading plan!!
USDCAD - LONG; It's over. BUY it up!This one is the worst of the worst. The RBC couldn't steal, print or borrow one more dime - not even a Canadian one - even if their lives depended on it. (Which it just might)
Whom are they kidding?! Ride it up like a rented mule!
Chances are ....
.... this isn't coming back much, if at all.