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Usdcadforecast

USDCAD, We broken wedge triangleHello everybody According to the chart and last analysis that you can see the price is moving in downward trend but now in lower time frame from last week the prce amde a trangle and broke it and now we need a little pullback then it haspermission to open position for long to raech to the target that we shown on chart . The point is you should observe to capital management and dont forget use stoploss and you can put your stop loss as we can put on chart. If you have any question you can ask our team Good Luck Abtin
Long
by Abtin00
USDCAD possible short entryUSDCAD was supposed to reach the region in red but Canadian dollar seems to give a tough competition to the king USD. However, the Loonie dollar intention for a bullish continuation is quite questionable owing to the huge rejection candles on weekly timeframe. Therefore, I no longer confide in the bulls. "Feds are losing against BOC". The last nail in the coffin is the support region of 1.2550-1.2600 , If any daily candle successfully opens below 1.2550 we are looking at the targets marked with green rectangles. We might actually be able to see USDCAD back to 1.2000 but that is a distant story for now. Let us now observe where USDCAD decides to go. But looking at the recent weekly candlesticks, I am voting in favor of bears.
Short
by Uzi-Trades-Forex
USDCAD, If we take signal we can buy in buy zone area Hello everybody We back with amother analysis of USDCAD According to the chart, After long time when we are in downward trend at last with this wave we break the downward trend and changed it to upward. We shown buy zone area that the price is coming to reach to the target zone and when we take signal in this zone we can buy a lot and wait until the target that we shown reach. You can put your stoploss in below of the key point level a little lower than that point. Please dont forget use stop loss and observe to Capital management, Please guys check the news and be conscious on War and the impact of it to the market. Previous analysis : If you have any question send us messages Good Luck Abtin
Long
by Abtin00
USD/CADThe US dollar initially tried to rally against the Canadian dollar, showing signs of strength. However, we have given up quite a bit of the gains to form a shooting star. This was preceded by a hammer, which suggests that we are going to go back and forth and perhaps try to figure out where we will go long term. You can see that this is a chart that has been very noisy, and you can also see that we have formed an ascending triangle for this market. If we can break above the high of the weekly candlestick, then I think this market will take off to the upside. On the other hand, if we break down below the bottom of the hammer from the previous week, then it is likely we will go looking towards the 1.24 level.
by SmoothJB
USDCAD | The best scenario for climbing📝 Hello traders , USDCAD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe. According to the count, waves 1, 2 and 3 of the leading downward trend have ended and are now within their 4th wave. The general structure of wave 4 is a zigzag structure, and from this zigzag, waves a and b are formed in the form of a channel, and now there is no doubt between the end or incompleteness of wave c. Wave c in our opinion has another 5 waves to complete and we will have the view until the bottom of the orange channel is broken. The bottom of the orange channel was not broken and an ascent was formed, which is probably for wave 1 of wave 5 of c. Waves a and b and wave c of wave 4 make up half of the head and shoulder pattern, and the rest of this pattern will continue to form as we continue to climb. The correction will continue for wave 4 to the bottom of the black channel and the ascent will continue for wave 5 to the ceiling of this channel. If the specified range is completely broken and the bottom of the orange and black canal of this analysis is fielded and we enter the descending phase. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
Long
by mahdisoltaninjad