USDCAD BUYHello Traders Happy Monday
As we can see Usdcad Make imbalace upside , in daily time frame also make Double bottom,
in my view Usdcad will fly to 1.3300
what is your idea about usdcad
please like and comments
Usdcadbuy
USDCAD BuyHello Traders as you can see Usdcad change of charachter to bullish side
if you are agree with my idea olease like
USDCAD Long Term buying Trading IdeaHello Traders
In This Chart USDCAD HOURLY Forex Forecast By FOREX PLANET
today USDCAD analysis 👆
🟢This Chart includes_ (USDCAD market update)
🟢What is The Next Opportunity on USDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
USDCAD BULLISH FEELINGHello traders ,
USDCAD looks to me in a pretty decisive situation , the price formed a double bottom on a bullish trendline.
the price broke the neckline and now its comming back to retest it.
also on the 1hour tf the price formed a double bottom broke and retested that necklin.
am very bullish biased on the pair and i believe its going to reach the top of the range.
the dollar is still very strong .
USDCAD LONGAs USDCAD, approaches the demand zone, and started to show its impact on the price, while started making higher highs in Lower Time Frame, is the indication that the market has started to reverse its downwards trend and is now moving towards shifting it to the High side. Therefore, it is recommended to go long from here. Based on my strategy. Please keep appropriate Stop loss and track that accordingly. Happy Trading.
USDCAD I Long opportunity from support Welcome back! Let me know your thoughts in the comments!
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USDCAD Long Term selling Trading IdeaHello Traders
In This Chart USDCAD HOURLY Forex Forecast By FOREX PLANET
today USDCAD analysis 👆
🟢This Chart includes_ (USDCAD market update)
🟢What is The Next Opportunity on USDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
USDCAD Buy IdeaUSDCAD broke a strong resistence, now is living a transition phase of the price but the moviment is bullish and the buyers are strong. The old resistance is now a good support, and after the retest the price can explode. Use a small SL and a railing TP.
USDCAD Long Term BUYING Trading IdeaHello Traders
In This Chart USDCAD HOURLY Forex Forecast By FOREX PLANET
today USDCAD analysis 👆
🟢This Chart includes_ (USDCAD market update)
🟢What is The Next Opportunity on USDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
USDCAD - Looking To Buy Pullbacks In The Short TermH4 - Strong bullish momentum
Higher highs
No opposite signs.
Until the two strong support zones hold my short term view remains bullish here.
Usd Cad LongI have identified a potentially bullish move for the USD/CAD forex pair
Ascending Triangle Pattern: On the daily chart, the USD/CAD has been forming an ascending triangle pattern. This pattern is characterized by a horizontal resistance level and higher lows, indicating potential bullish pressure building up. A breakout above the resistance level could trigger a strong upward move.
Bullish Divergence: The Relative Strength Index (RSI) on the daily chart is showing a bullish divergence. While the price has been making lower lows, the RSI is forming higher lows, suggesting that the bearish momentum is weakening and a potential reversal could occur.
Moving Averages: The 50-day moving average (MA) has recently crossed above the 200-day MA, confirming a bullish crossover known as the "golden cross." This crossover signals a shift in momentum and supports the bullish bias.
Support Confirmation: The USD/CAD has recently tested and held firm at a key support level , providing further evidence of potential upward movement.
USDCAD Wedge Breakout!USD-CAD broke out of the
Narrowing wedge and
The breakout is confirmed
So I think that we will see
Some more growth !
USDCAD: What will happen next?The USD/CAD pair is hovering around 1.3175-80 after experiencing its largest daily decline in eight days. This decline can be attributed to the drop in WTI crude oil price, which is Canada's main export, as well as the stronger US Dollar. The market activity on Tuesday morning in Asia has been slow.
usdcad scalpthere is a good demand zone south the price and I think it would make the price react to it
USD/CAD continues to move higher amid a broad sell-off in commodUSD/CAD continues to move higher amid a broad sell-off in commodity-related currencies.
The Canadian dollar remained near 1.35 per USD, as investors were monitoring the latest developments on the monetary policy in both Canada and the United States. The bets increased that the Bank of Canada may be forced to resume its hiking campaign after data showed inflationary pressures remain elevated. Consumer prices rose by 4.4% annually in April, well above market estimates of 4.1% and breaking the streak of 10 consecutive months of slowing inflation amid sharp increases in mortgage costs and rent. Also, in the US, comments from several Fed officials raised expectations that the rates would remain higher for longer. Fed’s Bullard suggested the possibility of raising rates by another half-point this year, while Fed's Kashkari described the decision to pause or hike rates in June as a close call.
Canada’s government budget deficit widened to CAD 44.4 billion in March 2023, from CAD 25.7 billion in the corresponding month of the previous year. Revenues decreased by $1.8 billion, or 4.5 percent, largely reflecting the one-time Grocery Rebate announced in Budget 2023. Program expenses excluding net actuarial losses were up $15.7 billion, or 25.3 percent, largely reflecting higher provisions for contingent liabilities and loans, and increased transfers to other levels of government. Public debt charges were up $1.3 billion, or 53.3 percent, reflecting higher interest rates. Net actuarial losses were down $0.1 billion, or 9.3 percent. The government posted a budgetary deficit of CAD 41.3 billion for the April to March period of the 2022-23 fiscal year, compared to a deficit of CAD 95.6 billion reported for the same period of 2021-22.
A successful test of the resistance at 1.3640 will push USD/CAD towards the next resistance level at 1.3665. If USD/CAD climbs above this level, it will move towards the resistance at 1.3695.
R1:1.3640 – R2:1.3665 – R3:1.3695
S1:1.3600 – S2:1.3565 – S3:1.3530
USDCAD: stuck in a narrow range!Earlier today, the Japanese Government released updated forecasts, revealing that consumer inflation is expected to reach 2.6% in the current fiscal year. This is an increase from the previous forecast of 1.7% in January, and it surpasses the Bank of Japan's target of 2%. Additionally, the Government revised the economic growth forecast for the current year to 1.3%, down from the initial projection of 1.5% in January. It is anticipated that inflation will fall below the Bank of Japan's target range in 2024, with a forecasted rate of 1.9%.
USDCAD - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here we are in a bearish market structure from 1H timeframe perspective, so I am looking for short. I want price to go a little bit higher to take liquidity above equal highs and to fill the imbalance, then to reject for a short position.
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USDCAD: Today!The USD/CAD exchange rate is uncertain around the 1.3170-80 level early on Wednesday morning in Europe. Although the downtrend has paused for now, traders are still looking for more evidence to support buying the Canadian dollar against its US counterpart, especially after a slow Asian session.
On one hand, Canada's inflation numbers were disappointing, while the US Retail Sales data and a decline in WTI Crude Oil prices (Canada's main export) may attract buyers of the USD/CAD pair. On the other hand, positive market sentiment and concerns about the Federal Reserve's dovish stance are likely pushing the exchange rate higher.
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 H1Here is my analysis for USDCAD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
USD-CAD - 4h - SHORT SETUPUSD-CAD looks nice for a short setup, but first, we need a break of support zone at 1.32659 (pointed white line ) and confirmation on 15min tf to enter in this short setup.
USDCAD Top-down analysis Hello 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 Weekly DemandAs we can see Usdcad at Strong Weekly Demand Zone
Also High imbalance in Buying Candles so I'm expecting to Fly Usdcad
