USDCAD LONG!DXY is on a major support level. The area marked is the nearest resistance to the upside. The price will break out of the consolidation zone to make a higher high to the nearest demand zone. Take proper risk.
Usdcadforecast
USD/CAD Forecast: Dollar Finds Buyers Against LoonieAt this point, it looks as if the 50 day EMA is trying to offer a bit of support, and for my money I think that we will eventually try to make a break higher to go looking towards the 1.28 handle. Breaking above that level would be very bullish, perhaps opening up towards the 1.30 level above. All things been equal, this is a market that I think continues to see choppy behavior but that is not uncommon for this pair due to the fact that the two are so highly correlated with each other in the sense that they are each other’s biggest trading partner.
Speaking of trading partners, a lot of the commerce between the two countries is at a standstill currently, simply due to the truckers protesting. As this continues to unfold, that could have a detrimental effect on the Canadian economy, while causing a minor problem for the Americans. Quite frankly, although Canada has a very robust commodity-based economy, the reality is that the majority of the damage economically will be north of the border, as Canada has to import so many things from the United States. While this has not necessarily been factored in quite yet, this is a narrative that could grab the headlines.
USDCAD retesting the top of the channel.The dollar cad has been range bound the entire week. I expect to see a breakout of the range to test the top of the channel at 1.33. Afterwhich, we will wait and see if there's a breakout of the channel.
USDCAD_H4 Bullish Rectangle and Bullish TendUSDCAD_H4 Bullish Rectangle and Bullish Tend Let see... FOREXCOM:USDCAD
USD/CAD 4HR SELL SET UPHi TRADERS this is my trade set up for the USD/CAD
USD/CAD after creating a possible M pattern looks like going to drop Lower so after break of area take a sell trade
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
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USD/CAD BUY NOW.......
Hello Traders, 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 watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
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USDCAD | The best area to climb📍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 a 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 a 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 wave c.
Wave a and b and wave c of wave 4 form half of the head and shoulder pattern, and the rest of this pattern will be formed by hitting the specified range, and then the continuation of the ascent will be formed to some extent. will have
If the bottom of the orange canal is broken, this analysis will be fielded.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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USDCAD Chart H1Here is my view for USDCAD on H1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
USDCAD PREDICTION 0.5% risk, on 1h we are still bullish, and how expecting continution to ,,catch" LQ on double top from left, best to set bay limit and relax
USD/CAD 4HR SELL AND BUY SET UPS???Hi TRADERS this is my trade set up for the USD/CAD for the new week ahead
USD/CAD Is coming to rejection area again, I am looking at two scenarios 1st it gets rejected from resistance area after touching a few times in the past so would be sell only
or 2nd scenario it breaks through the resistance area for a strong push up so we will be buying only
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
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More upside to test the top of the channel for USDCAD. Looks like there's more upside to come to test the top of the channel for the dollar cad, we will enter a long on pullback to 1.27 and exit at around 1.32. The expectation of rising fed interest rates will bring the price of oil down and cause a rally in the USDCAD.
NFT Trade USDCADI will be placing this order on USDCAD today, it seems logical to me.
Due to NFP, risk will be reduced dramatically.
This is my only trade of the day, good luck traders.
Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬
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Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
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USDCAD Chart W1Here is weekly analysis for USDCAD on W1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
USDCAD Multi-TimeFrame Analysis // February 22Weekly
Daily
4hr Analysis
NFP week so this could get wild
Bias remains bullish on USDCAD,
due to USD strength, and not anticipating crude oil to take CAD with it to the
moon. Here we can see market structure on 3 different Timeframes.
Plz Like for more breakdowns like this
Weekly -
Daily TF -
USDCAD: 4HR Long! Price-Action view
As is, price is ready to advance for tests at 1.26186.
Or, Price could seek more buyers at bargain Entry prices.
Either way, there's opportunity to fit your risk : reward appetite.
Note: Idea is to complement your research.
Check comments section for future updates on idea.
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Thank you. Happy Trading.
USDCAD Down Trend.!#USDCAD Looking for Sell trade setup as I mentioned in the Chart.!
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ThankYou.!
USD/CAD - DOWN BEFORE RALLY CONTNUES???Until the last Friday of January CAD has been taking a beating , Mon-Tue we see CAD gaining some traction
in a much corrective structure and of nature, trickling its way back down towards marked out IPA's that need filling
as well as some unmitigated OB's before a possible rally higher.
(SUBJECTIVE)
- 2 possible positions I would personally execute have been marked out only if price action is in context .
A short term sell if price moves toward the minor IPA giving bears another shorting opportunity
which could possibly push prices further down where MY second entry would be- Long, Medium term to a higher daily OB.
Now, lets wait and see..☕
this is not trading advice
USDCAD Bearish Bias to 1.267 price point on the 4HR ChartLooking for USDCAD to respect 127.5 Price Point on the Daily
Anticpating a pullback to 1.26700 on the 4hr
Really good risk to reward short during High volume
time (London Session Close) We''ll see what happens
This is a day trade, don't plan on holding it into asian
unless we are in a fair amount of profit
USDCAD SHORTS 📉📉📉📉 Expecting bearish price action on this pair from a d1/w1 perspective as price is rejecting a bearish orderblock on h4, taking out stops above 1.27500 and old high area aka resistance 1.27000. If monday closes bearish then i think the selloff will start right into sell side liquidity area.
What do you think ? Comment below..
USDCAD SELL & BUY STRONGE Hello traders. I expect the price to easily climb to the previous level after the end of the third wave of correction and contact with the uptrend line. Be profitable. Are you agree?
USDCADHello. After Pullback, I expect the price to correct 50% to 61.8% of the previous move. Are you agree?
USDCAd: Trade 4hr with Elliot wave In the case of Canada, it can be said that the second wave is over and we are continuing to form the third long wave. This will be a sign of Canada's weakening in the short term. I have further specified the goals of the third, fourth and fifth waves in the chart.
