Usdcaddaily
USDCAD Lower high --> US dollar looking weakWhats going on everyone.
Todays favoured setup is USDCAD.
Im really liking the looks of this setup now that the US dollar and DXY have finished retracing.
Now that USDCAD has made a lower high and this is coupled with a perfect test of the 78.6 im really liking shorts here.
TP @ 1.292
Hope this helps.
USDCAD HUGE DECREASELoonie and The Funds, Are you seriously gonna decrease to 1.13216? let's wait and see, it is hard to believe but that's what I see from the future of USDCAD , Canadian Dollar looks to be so thirsty to increase dramatically.
You never quite know where the next big wave or gust of wind is coming from, but you know it is out there.
USD/CAD Technical Analysis
The counter has been trading with a bearish bias for long.
The down move can be plotted with a pitchfork and the pair is making its last leg of the move down.
Hence, we advise traders to go long at the lower parallel.
And the upswing has a great chance to break the upper end of the range.
USDCAD to climb from upside confirmation, potential bounce!
USDCAD to climb from its upside confirmation at 1.33646 where it could potentially bounce further to 1.33646.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD / BUY We can see in the chart price failed to break through support and was pushed to its next support level where it fell through.
I am waiting for price to break through the area before buying to my initial target
We can also look for an additional buy opportunity at the previous support (now resistance) level
USDCAD ANALYSIS we have two positions here,(NOT FOR SMALL ACCOUNTS, UNLESS YOU HAVE ELEPHANT BALLS) double bottom on the DAILY Time Frame (SWING) +500 PIPS TP and -150 Pips SL
Multiple Rejections of my support Level and a huge rejection of my FIB Gold zone. +200 PIPS TP and -64 Pips SL
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