Usdcadbuy
USDCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
USD/CAD Forecast: Dollar Finds Buyers Against LoonieAt this point, it looks as if the 50 day EMA is trying to offer a bit of support, and for my money I think that we will eventually try to make a break higher to go looking towards the 1.28 handle. Breaking above that level would be very bullish, perhaps opening up towards the 1.30 level above. All things been equal, this is a market that I think continues to see choppy behavior but that is not uncommon for this pair due to the fact that the two are so highly correlated with each other in the sense that they are each other’s biggest trading partner.
Speaking of trading partners, a lot of the commerce between the two countries is at a standstill currently, simply due to the truckers protesting. As this continues to unfold, that could have a detrimental effect on the Canadian economy, while causing a minor problem for the Americans. Quite frankly, although Canada has a very robust commodity-based economy, the reality is that the majority of the damage economically will be north of the border, as Canada has to import so many things from the United States. While this has not necessarily been factored in quite yet, this is a narrative that could grab the headlines.
USD/CAD 4HR SELL AND BUY SET UPS???Hi TRADERS this is my trade set up for the USD/CAD for the new week ahead
USD/CAD Is coming to rejection area again, I am looking at two scenarios 1st it gets rejected from resistance area after touching a few times in the past so would be sell only
or 2nd scenario it breaks through the resistance area for a strong push up so we will be buying only
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
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More upside to test the top of the channel for USDCAD. Looks like there's more upside to come to test the top of the channel for the dollar cad, we will enter a long on pullback to 1.27 and exit at around 1.32. The expectation of rising fed interest rates will bring the price of oil down and cause a rally in the USDCAD.
USDCAD buy trades!!Looking for a boost out of this supportive retracement level for a further continuation back up to take out 1.27800 and further. We have created a little zone on the 1hr and the best buys ill be looking for are from the bottom of this zone (1.26600) otherwise ill wait for a push out of this zone and retest for a further move up.
USDCAD: 4HR Long! Price-Action view
As is, price is ready to advance for tests at 1.26186.
Or, Price could seek more buyers at bargain Entry prices.
Either way, there's opportunity to fit your risk : reward appetite.
Note: Idea is to complement your research.
Check comments section for future updates on idea.
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Thank you. Happy Trading.
USDCAD- BUY strategyWe have peaked a bit and declined subsequently.
We have strong cloud support 1.2626 and stochastic looks starting to go positive. I am not super committed on this suggestion, but feel it may work providing we keep stop-loss tight just below 1.2615. The profit target may be 1.2850 (expecting oil price decline etc).
Buy strategy is around 1.2670-1.2685
USDCAD SHORTS 📉📉📉📉 Expecting bearish price action on this pair from a d1/w1 perspective as price is rejecting a bearish orderblock on h4, taking out stops above 1.27500 and old high area aka resistance 1.27000. If monday closes bearish then i think the selloff will start right into sell side liquidity area.
What do you think ? Comment below..