USDCAD Analysis H4Here is my analysis for USDCAD on H4 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!
Usdcadforecast
Might be beginning of impulse wave downPreviously it was quite strong sell on H$ chart and the current structure showing weak buyer indicates still in selling momentum. Possible sell opportunity for intraday set up, waiting for valid swing low to be formed when internal (H1) swing low to be broken. As long as no minor swing low (choch) formed, no sell opportunity.
USDCAD - Long for buy side liquidity ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here price follows bullish price action as I said in my previous analysis. I will look to add long position if price makes a retracement and then rejects from bullish order block. My target is still buy side liquidity.
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USDCAD Analysis 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 Daily Chart Analysis - The Bulls Push for a Breakout!USD/CAD broke out of weekly resistance last Thursday with some solid strength, touching 1.37850. The price action fell back down to the Daily 30EMA at 1.35700 and bounced back to the resistance line at 1.37000, but failed to break out this time. USD/CAD fell back down to the Daily 9EMA and gave a slight bounce to the upside before the week closed.
The buy pressure is there, but are we going to break out?
What we need:
-We need a higher high on the Daily chart that closes above the Weekly Resistance at 1.37000
-Follow that breakout with a test of 1.37000 Support. A Daily close again, above 1.37000, will confirm the breakout.
What we have:
-A Bull Channel without a sign of a reversal.
-Strong Bull bar and bull run from September 29th.
-Weak reaction to the Weekly resistance.
-We are currently sitting on a minor support line. Look to the left on this chart and see the price action sitting on it.
-A third attempt to break out of this Weekly bear channel, which is now a bull flag.
-DXY is strong and just closed Weekly bull candle. More upside looks promising.
All that being said, a long at this very moment would be risky. We *need* confirmation of the breakout as described above before entering a long. Once we get that confirmation above 1.37000, a long to the upper side of the bull channel around 1.40000 is reasonable, taking profits along the way.
Trade wisely and let us know what you think in the comment section below!
BluetonaFX - USDCAD Cup & Handle Pattern SHORT IdeaHi Traders!
There is a potential cup and handle pattern forming on the 4H USDCAD chart, and there is potential for further moves to the downside depending on whether we get an important support price break.
Price Action 📊
The market has had an up wave to start the cup pattern and a down wave to finish the cup pattern. The market has now almost reached our support level at 1.35618, and there is potential here for a market consolidation period, which will be the cup handle.
We are looking for a momentum price break and a close below the support line at 1.35618 for further continuation to the downside.
Fundamental Analysis 📰
Traders are currently nervous about the US dollar. With the Fed Minutes meeting tomorrow, the market will be looking for hawkish statements from the Fed in response to the very strong economic data recently published.
Support 📉
1.35618: SUPPORT LINE
Resistance 📈
1.36022: PREVIOUS DAY'S HIGH
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
USDCAD - Long active ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for long. I expect bullish price action from here as we can see that price filled the imbalance and rejected from 1H bullish order block + institutional big figure 1.36000.
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USDCAD Analysis 12Oct2023In my analysis of USDCAD, I identified a potential buying opportunity in the Fibonacci retracement zone of 0.236 to the SND area. The market structure still shows a series of bullish trends, indicating a possible upward trend. However, it is important to note that this analysis will be invalidated if the price drops below a certain level. Therefore, it is essential to keep an eye on the price movement and adjust the strategy accordingly.
USDCAD Detailed Analysis I 100 + Pip Move! Welcome back! Let me know your thoughts in the comments!
** USDCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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USDCAD Daily TFUSDCAD has recently broken free from a downward trendline that has been in place since October 2022. we are having a break and retest, I anticipate a shift towards a bullish direction in the coming two weeks. Several factors align to suggest potential buying opportunities, particularly noteworthy are the robust converging signals around the 1.36447 level.
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
New Series📒 HapHazard pairsStarting a new series today doing Analysis on random pairs.
* Leave a comment below about the next Analysis.
What pair should we look into Next? 📝
Welcome to Q4 2023. Let's do it 📊
USDCAD Analysis Today 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 - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for long. I want price to make a retracement to fill the imbalances lower and then to reject from bullish order block + institutional big figure 1.35000.
Fundamental analysis: Tomorrow we have important news on USD and CAD, will be released NFP in USA and Unemployment Rate in USA and Canada. Pay attention to the results in order to see the direction for short and medium term.
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USD/CAD sell set-up in the 4Hour chartHello traders, we are witnessing the formation of multiple rejection
candlesticks in USD/CAD in the 4hour chart. 1.3730 level could
act as a resistance.
If the level holds, selling USD/CAD@1.3710-1.3730 with SL above
1.3780 and TP at 1.3550 is a potential sell trade.
The above set-up would be valid only if price doesn't break the
region that I have highlighted in my chart
USDCAD Long Term selling Trading IdeaSep 25
Hello 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- Constructive price action after 1.34 testRecently, UsdCad dropped under 1.35 support just to test the next important support from 1.34.
Since that low on 20 September, the pair started to rise again and now is trading back at the old support now resistance and important 1.35 figure.
The rise is painting an ascending triangle on our chart and this usually means up continuation.
A break above resistance would bring confirmation and the pair could rise back to test the 1.3650 zone.
A drop under 1.3450 would put the pair in a range trading mood.
USDCAD END-WEEK ANALYSIS-UPDATE 24/09/2023USDCAD Insight: Pursuing an Upside Path - Bridging Daily Imbalances
USDCAD, a market characterized by its inverse connection with EURUSD, is presenting an intriguing scenario. Our prior forecast of a potential recovery proved accurate, but in the dynamic world of forex, we're now positioning for the next phase.
Currently, I'm focused on the prospect of USDCAD continuing its upward trajectory to address the daily imbalance. Following a recent minor decline, we anticipate a significant upward move in tandem with DXY, under the condition that DXY maintains its price above 105.864. Join me as we navigate these forex dynamics. Stay tuned for the unfolding narrative! 📈📉 #USDCADInsight #ContinuationUpside #TradingView
USDCAD Swing Short! USD-CAD was trading in
A strong uptrend but now
The pair has hit a horizontal
Resistance level of 1.37718
From where I will be expecting
A bearish correction !
USD/CAD Long Trading OpportunityUSD/CAD Long Trading Opportunity
1. The price closed above the Trend Magic Indicator line.
2. US Dollar Index DXY uptrend continues.
3. RSI indicates more uptrend power.
4. Retail trader data shows 62% of traders are net-short. Strong contrarian long signal.
SL - below the Trend Magic Indicator line
TP1 - 1.3690
TP2 - 1.3863
Keep It Simple and Always Trade With the Trend!
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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
USDCAD BuyHello Traders as you can see Usdcad change of charachter to bullish side
if you are agree with my idea olease like
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.
