USDCAD IDEAHello, today I present you a pair of USDCAD.
This week and the next few days I will be taking long.
It is a good place to get in.
Good luck.
Usdcadforecast
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELSToday there is a FOMC MEETING.
- DXY is currently at 102.175 LEVEL. USD has become STRONG with RATE HIKE SENTIMENT in the last few days. Also, at present the CAD FEATURE is at 0.7794 LEVEL. However, CAD is getting a bit STRONG compared to DXY. Due to this USDCAD is selling.
- Currently the OVERALL MARKET is showing a NEUTRAL BIAS. STOCKS is currently showing a GREEN RISK ON SENTIMENT. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES shows a DOWN SIDE BIAS. Currently the market has a NEUTRAL BIAS. Therefore, in the future, all NZD CAD AUD currencies may be UP or DOWN compared to JPY CHF currencies.
- USDCAD PRICE can be DOWN to 1.2664 LEVEL before re-UP. After that the USDCAD PRICE can be UP again to 1.3189 LEVEL. The USD is slightly WEAK at this time due to the MARKET SENTIMENT. But over time, that is likely to change. The OIL PRICE applies to USDCAD, and the decisions made at OPEC MEETING will have the greatest impact on USDCAD. It could be DXY UP in the future. So stay tuned for that.
USD/CAD - USD is Getting Weaker or Not?Hi Traders,
When we look at the past of the chart, we had a big head & Shoulders in the monthly and weekly time frames.
This pattern is broken and now the price is pulling back on the neckline and we have a strong selling pressure
We are also on upward channel, which is in lower daily and weekly time frames
After a bullish rally in daily time frames, it looks like the Canadian dollar will be stronger than the dollar, and we can expect a fall to the bottom of the channel, lets see and which one will be winner!
If you would like Update of Any Charts? You Know what to Do 😉💲⏰
*Disclaimer: This is not Signal and you should do your own analysis
Good luck!
Happy/Love Pips 💲❤️
USDCAD bias 📈🌱Overall bearish, which was determined on the h4 chart. Took a proper entry on a smaller time frame and waiting for a drop at least to the 1.27645/1.27410 level. Let's see how this goes.
USDCAD long term forecastevery thing is in the picture. we are in the wave B now
the target of this wave is 1.26 then we have wave C
USDCAD BEARISH STRUCTUREUSDCAD | What'd be the next price action? As we can see on the provided timeframe(1W), price tends to be reacting to the current double top pattern that's being formed by forming a bear flag pattern which has apparently completed its cycle. So therefore in the coming weeks, so far we do not see a BMS from "1.3 - 1.35" will validate this idea. If you had stumbled on my penultimate analysis on my page, you'd notice a very similar pattern of this pair was identified on BTCUSDT chart which has been effective since then. It's not a news anymore that history repeats itself so watch out for the area to take a position. Ultimately, there'd a strong reaction at the neckline which is what would finalize this completion of the bearish double top pattern just as btc is presently reacting to its neckline area and then before taking a position make sure you have placed a reliable setup. More milk on this🤗.
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USDCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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 ideaGood evening from Johannesburg, South Africa. Today I look at USDCAD again on a three hour scale, looking to continue further upside after previous success, as well as what appears to be continuation after a correction. Enjoy your trading and all the best, I'll be back with updates.
USDCAD Long ScenarioMarket formed an overall uptrend, and now broke a structure in a downwards correction, recent higher low was created on a key market level where it got support and bounced back up, we can enter now, for a better risk to reward ratio, or enter at the point where market broke a structure for a more safe entry.
Target: 1.301 (POC)
Entry: 1.284 (Point of structure break)
Invalidation: 1.279 (Below KML)
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS- DXY currently stands at 103.64 LEVEL. USD has become STRONG with RATE HIKE SENTIMENT in the last few days. Also, at present the CAD FEATURE is at 0.7783 LEVEL.
However, CAD is getting a bit STRONG compared to DXY.
- Currently the OVERALL MARKET is showing a NEUTRAL BIAS. STOCKS is currently showing a MIXED RISK SENTIMENT. And the VOLATILITY is getting a bit DOWN. Also COMMODITIES shows a DOWN SIDE BIAS. Currently the market has a NEUTRAL BIAS. Therefore, in the future, all NZD CAD AUD currencies may be UP or DOWN compared to JPY CHF currencies.
- USDCAD PRICE can UP up to 1.2979 LEVEL before DOWNING again. After that the USDCAD PRICE can be down again to 1.2664 LEVEL. The USD is slightly stronger at this time due to the MARKET SENTIMENT. But over time, that is likely to change. The OIL PRICE applies to USDCAD, and the decisions made at OPEC MEETING will have the greatest impact on USDCAD. It could be DXY CORRECTION in the future because it has been BUY for the last few days. So stay tuned for that.
USDCAD RR1:8 and 1:16My Analysis for USDCAD Forecast I'll be following.. waiting for confirmations on LTF and coming back to entry levels..
DYOR. Thats my setup not a signal. Ill be waiting for confirmations before executing.
Thanks
USDCAD seems BullishThe market taking support on previous support and also taking support on the trend line. Better to look buying opportunity on it.
USDCAD SELL SET UPAlmost all our conditions have been met, confirmed that the trend has changed to a downward one by the break of structure which is the previous HL, now waiting for price to retrace to our Point of Interest (POI), then at that point we are looking to enter our SELLS
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS⛔️ DXY is currently at 104.525 LEVEL. USD has become STRONG with RATE HIKE SENTIMENT in the last few days. Also, at present the CAD FEATURE is at 0.7692 LEVEL. However, CAD is a bit WEAK compared to DXY.
⛔️ The OVERALL MARKET is currently RISK ON on Friday. STOCKS is currently displaying a GREEN SIDE BIAS. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES show a UP SIDE BIAS. Currently there is only one RISK ON TONE in the market. Therefore, in the future, all currencies such as NZD CAD AUD can definitely be UP. Also JPY CHF can be DOWN.
⛔️ USDCAD PRICE can be UP to LEVEL 1.3189 before DOWN. Then the USDCAD PRICE can be down again up to 1.2800 LEVEL. The USD is slightly stronger at this time due to the MARKET SENTIMENT. But over time, that is likely to change. The OIL PRICE applies to USDCAD, and the decisions made at OPEC MEETING will have the greatest impact on USDCAD. It could be DXY CORRECTION in the future because it has been BUY for the last few days. So stay tuned for that.
USDCAD WEEKLY OUTLOOKIf you look at USDCAD weekly chart the price has broken the upper BB level which shows the continuation this bull trend
Before we see a uptrend continuation a small retracement towards fibo 0.618 region could be expected from that region we can see price can continue its uptrend
We have mentioned targets on charts.
If any changes in plan, we will update you.
Note : This is my personal opinion ,do not take it as financial advise.
USDCAD_D1, Bearish Butterfly Pattern FormationUSDCAD_D1, Bearish Butterfly Pattern Formation Market will be down from this zone. Like and follow me. Thank you...
USDCAD_H4, Bearish FormationUSDCAD_H4, Bearish Formation Market will be going down, Share your opinion and like & Follow Me. Thank You
USDCAD | SELL ON BREAKUSDCAD has given a breakout from daily resistance of 1.29159. On shorter tf, it is trading in rising wedge and signaling bearish reversal.
We are looking to sell it on break of horizontal level which is also the confluence of rising wedge.
Play your levels accordingly.
USDCAD Resistance to be watched- 1.3040USDCAD halted its seven-week of the bullish trend.
Technical:
USDCAD is holding above short-term (21 EMA),
sell below 1.3055 with SL around 1.3135 for a TP of 1.2900.
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS⛔️ DXY is currently at 103.69 LEVEL. USD has become STRONG with RATE HIKE SENTIMENT in the last few days. Also, the CAD FEATURE is slightly up to 0.7688 LEVEL. However, CAD is a bit WEAK compared to DXY.
⛔️ Currently the OVERALL MARKET is RISK ON. STOCKS is currently displaying a GREEN SIDE BIAS. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES still shows a UP SIDE BIAS. Currently there is only one RISK ON TONE in the market. Therefore, all currencies such as NZD CAD AUD can definitely be UP in the future. Also JPY CHF can be DOWN.
⛔️ USDCAD PRICE can be DOWN to 1.2879 LEVEL before re-UP. Then the USDCAD PRICE can be UP again up to 1.3167 LEVEL. The USD is slightly stronger at this time due to the MARKET SENTIMENT. But over time, that is likely to change. The OIL PRICE applies to USDCAD, and the decisions made in OPEC MEETING will have the greatest impact on USDCAD. It could be a DXY CORRECTION in the future because it has been BUY for the last few days. So stay tuned for that.
UsdCad has broken above resistance. 1.35 next?Since June last year's low at 1.2, UsdCad has been trading upwards with a clear resistance just under 1.3 important figure.
Yesterday the pair has broken above this resistance and we can have a continuation to the upside.
1.29 should act as support at this moment and dips in this zone should be bought.
Back under 1.28 would negate this scenario
USD CAD CONFLUENCEUSD CAD has been on an up trend since May of 2021.
The parallel channel marked “A “clearly shows that.
Next, we have the PSR at 1.30, Its one of those round numbers like $1.20 that people automatically relate with.
Now we have confluence where the PSR and the S/R level are being reached together to form a new path. Marked “B”
This pair have broken the parallel channel and breached 1.30.
If you don’t know about Fibonacci, is one of those perfect numbers that multiplies and divides itself perfectly.
The .618 is a common retracement level. “C”
All I am suggesting is if the USD/CAD stays above 1.3 for the next week its likely to go all the way up to 1.34 then 1.36. As displayed #1
Option #2 its possible its making a false move up to 1.315 before it starts the next cycle in the parallel channel and may not see 1.30 for some time.
Sell USDCAD at 1.2765 [26/Apr/2022]Monthly: Bearish. Market is consolidating at the moment. There is liquidty at 1.2500 area that needs to be grabbed.
Weekly: Bearish. Market is consolidatnig as well.
Daily: Price is at the Point of Interest (POI), and price seems to be making a rejection.
H1: Market made a Break of Structure (BOS) which acts a confirmation for market to drop further. Waiting for price to re-enter the POI zone before we can place a trade.
Entry: 1.2765
SL: 1.2800
TP: 1.2500
