Usdcadbuy
USDCAD-opposite to the safe heaven assetsUSDCAD
The CAD movement is mostly based on the movement in oil market.
As the Canada is one of the major oil exporting countries and their economy is also depends on this type of oil based industries
After touching the march low which is 1.33250 it has reached almost 1.40000 level
We can expect short term fall back towards 1.36400 which is also a 50% Fibonacci
Suitable long positions may opened at this level
Potential take profit will be 1.40000
Stop lose may placed below the 100 EMA zone as i marked in the chart
Leave your valuable comments related to this pair
USDCAD potential bounce!
USDCAD expected to reverse up to 1st support at 1.37574 where it could potentially react and bounce to its resistance at 1st resistance at 1.39791.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD. The price is in active growth.Hello dear subscribers!
Now in such an unstable time it is difficult to analyze for the long,
but this is one of such currency pairs.
The price of the dollar will rise to its targets.
The final target is 1.40000. Good luck to you.
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This idea does not provide the financial advice.
USDCAD. It is important to keep track of the price.Hello dear subscribers!
The price of the American dollar will rise,
but before that it may fall in the buy zone,
this is just good, then you can get good benefits.
The target is located on two levels. (the first at around 1.33800).
(second at (1.34600). Continue to keep track of the price!
If you liked this idea, please like and subscribe to my profile.
This idea does not provide the financial advice.
USDCAD approaching resistance, look out for potential reversal!
USDCAD is approaching its resistance at 1.32785 where it is could reverse down to its support at 1.31828.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD - FOREX - 17. FEB. 2020Welcome to our weekly trade setup ( USDCAD )!
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1 HOUR
Bearish price action towards previous support.
4 HOUR
Bullish structure in pullback.
DAILY
Overall bullish market taking out long holders, great long entries!
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FOREX SETUP
BUY USDCAD
ENTRY LEVEL @ 1.32350
SL @ 1.31940
TP @ 1.33160
RR: 2.0
Use 0.5% risk!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN