Usdcaddaily
usdcad longIn case of breaking the trend line and reaching the specified area and the presence of return signs, the purchase transaction can be entered by observing the loss limit.
Of course, note that now is not the right time to enter the trade, and this is just an analysis, and just pay attention to the fact that now the chart has a good and significant situation.
USDCAD | It will rise to channel resistance +200 PipsWelcome Back.
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It is still in a downward phase and on a downward channel, and with that, the third support now arrives in the event that it is not able to break it, it will rise according to the scenario that you set
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USDCAD - LONGKey area for USDCAD here @ 1.3050-60 area as we have bounced off the key 92.48 support in DXY index. Provided that the level holds, we should see a bounce off these lows in USDCAD and a rally towards the 1.3137 fibbo resistance or even towards the 1.3190 level.
From a risk reward point of view, dollar looks oversold here with an RSI around 28 reflecting a turn in momentum and a swing to the upside.
Long USDCAD @ 1.3060
TP 1: 1.3137
TP 2: 1.3190
SL around 1.3020.
Daily Update__ Buy__ USD?CAD-- W1Disclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management.
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USDCAD - Outlook 30 Sept 2020 - Would we be in the range soon?Hi all traders,
This is a video analysis for usdcad.
As always, i have shown a few levels on how to trade this pair.
Do take note of the explanations done in the video, as this trade should be ready for a trade soon.
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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.