Usdcad long?The pair has approached a 4H trendline, after an attempt to break below it was foiled by the bulls, a case can be made for its bullishness.
A breakout of the descending channel can lead to more upside climatic action.
If this was remotely helpful to u...
Please like and subscribe to get more of this content in future and help encourage me, thanks in advance.
Usdcadforecast
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS- DXY is currently at 102.330 LEVEL. You may remember that USD was slightly WEAK with the recent MARKET RISK ON. Also, at present the CAD FEATURE is at 0.7900 LEVEL. However, CAD is getting a bit STRONG compared to DXY. Due to this USDCAD is selling. This is because USD receives a NEGATIVE SENTIMENT and a CAD RATE HIKE.
- Currently the OVERALL MARKET is showing RISK OFF. STOCKS is currently RED showing a RISK OFF SENTIMENT. And the VOLATILITY is getting a bit UP. Also COMMODITIES show a MIXED BIAS today. Currently the MARKET has a RISK OFF SENTIMENT. Therefore, in the future, all NZD CAD AUD currencies may be slightly lower compared to JPY CHF and USD currencies.
- USDCAD PRICE can be DOWN to 1.2523 LEVEL before re-UP. After that the USDCAD PRICE can be UP again to 1.2979 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. DXY UP can be from FOMC UPDATES in the future. So stay tuned for that.
USDCAD top-down analysis, UPDATEDHello 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 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.
DeGRAM | USDCAD approach to 1.26000USDCAD is approaching a major resistance zone 1.26000.
Price action often tends to form some kind of channel near major levels.
We can see a price deceleration and it's likely to form a descending channel.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS- JPY FEATURE is currently on the rise. Somehow it will come back up. The main reason for this is that the MARKET SENTIMENT RISK ON TONE is still playing. But JPY MARKET is now CORRECTION and we see the nature of it. JPY FEATURE stands at 0.0078 LEVEL. According to the JPY ECONOMIC PROJECTION, JPY can be WEAK in the future as well. But if the MARKETS RISK continues to be ON, the USDJPY price may go up further. USDJPY stays higher than DYNAMIC LEVELS.
- Currently the OVERALL MARKET is RISK OFF. STOCKS is currently showing a NEUTRAL BIAS. And the VOLATILITY is getting a bit UP. Also COMMODITIES still shows a UP SIDE BIAS. Currently there is only one RISK OFF TONE in the market. Therefore, all currencies such as NZD CAD AUD can definitely be DOWN in the future. Also JPY CHF can be UP.
- USDJPY PRICE can be REJECT from 129.444 LEVEL. For VOLATILITY UP, and JPY FEATURE UP.
If MARKET RISK OFF, it is very easy to continue falling to USDJPY 123.414 LEVEL.
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELSToday there is a FOMC MEMBER SPEAK. It will look at the USD SENTIMENT somewhat. Stay tuned for that.
- DXY is currently at 101.482 LEVEL. USD has become STRONG with RATE HIKE SENTIMENT in the last few weeks. Also, at present the CAD FEATURE is at 0.7873 LEVEL. However, CAD is getting a bit STRONG compared to DXY. Due to this USDCAD is selling. This is because USD receives a NEGATIVE SENTIMENT.
- Currently the OVERALL MARKET is showing RISK ON. STOCKS is currently GREEN showing a RISK ON SENTIMENT. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES show a UP SIDE BIAS today. Currently the market has a RISK ON SENTIMENT. Therefore, in the future, all NZD CAD AUD currencies may be UP compared to JPY CHF currencies.
- USDCAD PRICE can be DOWN to 1.2570 LEVEL before re-UP. After that the USDCAD PRICE can be UP again to 1.2979 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.
USDCAD | UPSIDE FORECASTUSDCAD has been in a downtrend after defining a top. The price action has broken down multiple minor supports and continues its journey downward.
Currently, it is approaching a strong horizontal level where price action may show some upside move.
Trade your levels accordingly.
USDCADHello Traders Welcome back to another profit day
If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions
Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
USDCAD view with smart money concept
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Please support this idea with a like, if you find it useful
have a good profit day guys
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 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🤗.
Your likes and comments would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates...
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.