Is This ABullish Momentum for USDCADLast week USDCAD made some nice move up.
This week I expect the price to create a false breakout then pullback before the buying pressure pushes the price upward
Usdcadbuy
USDCAD bounced from support, potential for a further rise!
USDCAD bounced off 1.40348 where it could potentially rise further to 1.41389.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD reversed from resistance, potential drop!
USDCAD reversed off its resistance at 1.41156 where it could potentially drop further to 1.40163.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USD/CAD - Double Top, Sell OpportunityPrice has formed a double top and broken the neckline. If price retraces back to our highlighted area, we will be looking for sell entries on this retest
USDCAD reversed from resistance, potential drop!
USDCAD reversed off its resistance at 1.40704 where it could potentially drop further to 1.40158.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD - SWING - 11. MAY. 2020Welcome to our weekly trade setup ( USDCAD )!
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1 HOUR
Bearish market turning bullish right now..
4 HOUR
Prices reacted to previous support zone and broke back above sr level.
DAILY
Overall sideways moving market, looking for another push to previous range high!
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FOREX SWING
BUY USDCAD
ENTRY LEVEL @ 1.40130
SL @ 1.39210
TP @ 1.41430
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
On his way to the resistance #USDCADA very interesting pattern of support and resistance was created with 3 support points and 3 resistance points, because of our proximity to the support line and the margin we have until reaching the resistance line we recommend buying
The bullish trend supports our model
Target: 1.4120
USDCAD short term Buy set upPull back return to Order block to retest the support area for a valid buy entry to retest previous high as shown. Use proper risk management.
USDCAD Buys...USDCAD Buys to 1.46000. USDCAD has been historically higher when the dollar was this strong and Oil this low. I do expect prices to rally above 1.40 medium term. Good luck!
USDCAD bounced from support, potential for a further rise!
USDCAD bounced off 1.40323 where it could potentially rise further to 1.42473.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD: Expect Further Upside Towards 1.4280Hi Traders,
USDCAD will continue with the current bullish momentum until it reaches key resistance at the 1.4280 level. At this point, I'm expecting to see some reversal where price will continue the down trend. At current levels, look to join the current upside momentum only when price pulls back. Otherwise, look for short position from the blue box.
Regards
Wave Theorist
USDCAD Buy 4Hr IdeaSo sorry I thought I posted this idea :( I'm doing really bad at this.
Lets see what happens at TP1 that will be our new entry!
USD is on the up for a short period lets see if the bullish movement will continue up to the 1.42347 area. We can then wait and see if the bullish candle breaks the resistance zone I've marked and become support letting us ride it all the way to 1.45308. Let's see what happens good luck!
USDCADUCAD has came down and tested but is an uptrend move. I have a couple positions placed but every time it comes down to a new support and tests the support I have placed a couple more. Getting more easier by the day. Stay focused and have a simple trading strategy.
USDCAD bounced from support, potential for a further rise!
USDCAD bounced off 1.38787 where it could potentially rise further to 1.40057.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD reversed from resistance, potential drop!
USDCAD reversed off its resistance at 1.40057 where it could potentially drop further to 1.38619.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD approaching support, potential for a further rise!
USDCAD approaching support at 1.39966 where it could potentially rise further to 1.41356.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD LONGupward trend in a symmetrical wedge. Demand zone met, 20 SMA has crossed 50 SMA, LONG position.
Wait for LONDON session to open, and buy.
usdcad BUYSymmetrical triangle, bottom is being tested, wait for confirmation of bullish candle and buy. BANG. Money!
USDCAD potential bounce!
USDCAD expected to reverse up to 1st support at 1.39761 where it could potentially react and bounce to its resistance at 1st resistance at 1.43392.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
