Usdcadforecast
USDCAD | New perspectiveIt is important to note here how the price of crude oil is directly proportional to the value of the Canadian Dollar and if we take into consideration the OPEC+ decision a couple of weeks ago to cut down production by 2 million barrels per day; the likelihood of soaring oil price remains inevitable. The consumption of crude oil has remained steady despite consumers struggling with soaring inflation and I am of the opinion that the effect of these events will begin taking its toll on USDCAD as we witnessed multiple rejections of the C$1.4000 level in the last couple of weeks by the sellers. Will there be a sell momentum in the meantime this week?
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USDCAD BUY LONGThe US Dollar vs. the Canadian Dollar is a very popular currency pair due to the extremely large amount of cross border trading that occurs between the U.S. and Canada. The CAD is considered to be a commodity currency because of the large amount of natural resources, especially oil, that are mined and exported to southern neighbors. The USDCAD is one of the most traded currency pairs in the world.
USDCAD - Short from bearish orderblock ✅Hello traders!
‼️ This is my analysis on USDCAD.
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect price to continue the retracement to fill the imbalance and reject from bearish orderblock + institutional big figure 1.37000.
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USDCAD ! Trading in descending channel, short trade idea.📉USDCAD ended yesterday with a strong rejection after checking the level of 1.37460. Currently, opening a short trade is high risk because trading is at the support level. We need to wait make a lower high again, you should enter short trade / wait for bearish action price/. If USDCAD can make a new lower low, it's expected to down.
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.
Will USDCAD be my best trade in 2022? Hi Traders,
This is my view for this week on USDCAD, thanks to Richard Wyckoff ;-)
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
I really hope you liked this content and I would like to know what do you think about this analysis, so please use the comment section below to give me your point of view.
Pit
DISCLAIMER:
Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice.
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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- Correction to 1.35?After the break above the important 1.32 resistance, UsdCad accelerated its gains and reached very 1.4 psychological figure.
This top is marked by a strong bearish pin bar, suggesting that a correction could follow.
After an initial drop to 1.36, the pair is in recovery and this rally can offer bearish opportunities for selling in anticipation of a new leg down.
UsdCad should be sold above 1.38 with 1.35 in focus and negation above 1.4
USDCAD POSSIBLE BEAR MOVEMENTUptrend wedge formed on the 1hr TF
Major Zone right 1.36411, also price is sitting right on the support trendline.
Breakout from the zone and the trendline as confluence will ignite the possible bear movement.
Also another entry level is right at 1.34993 once price break the zone and retest.
USDCAD Idea and forecast✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
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✅ Please write any advice or suggestions.
Dear friends request any cryptocurrency pair, currencies pair for forex, and any index you want to be analyzed, and ask any questions about chart analysis.
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USDCAD - Long from bullish orderblock ✅Hello traders!
‼️ This is my analysis on USDCAD .
Here we are still in a bullish market structure, so I am looking only for longs. I expect price to continue the retracement to fill the imbalance and to reject from bullish orderblock + institutional big figure 1.36000.
Like, comment and subscribe to be in touch with my content!
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 - Long from bullish orderblock ✅ Hello traders!
⁉️This is my analysis on USDCAD .
Here we are still in a bullish market structure, so I am looking only for longs. I expect price to continue the retracement to fill the imbalance and then to reject from bullish orderblock + institutional big figure 1.36000.
Like, comment and subscribe to be in touch with my content!
USDCAD Next Possible MoveTechnical Analysis Chart Update
USD / CAD ( U.S Dollar / Canadian Dollar )
Time Frame - M45
We have Triple Top in Long Time Frame #LTF
Strong Selling Divergence
It Rejected the Strong Resistance Level
According to the Pattern we have Bullish Channel in Short Time Frame #STF and it has Breakout the Lower Trend Line #LTL we will wait until its Retest
USD/CAD likely to move up ahead CPI!Hey tradomaniacs,
USD/CAD is re-testing a strong support-zone showing that buyers (sellers in Futures CAD/USD) are imcoming to support the trend.
Technically we have a great chance here to follow the trend with a tighter stop-loss.
Overall risky to trade ahead the CPI-Data as inflation is the only thing the market cares about in order to predict rate-hikes by the FED.
Choppy market.. but good chance here I guess.
What do you think?