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Usdcadforecast

USDCAD price action still looks Bullish!Hi Traders, USDCAD has been ranging lately and we're yet to see growth out of this structure to the 1.30 level. Price failed to continue lower in mid January creating a reversal Impulse followed by a larger bullish continuation structure which has made multiple swing highs & lows which tells us momentum is still in the picture. Keep an eye out strength in the USD to push price out of this structure and towards the upper boundary of thr HTF structure. Good Luck! Click the like button if you agree with this idea! Comment below and share your view on this pair.
Long
by ktlfx
USDCADThe United States dollar initially pulled back against the trading week, just as we have seen over the last several weeks. Now we have turned around to form a bit of a hammer, just as we had the previous two candlesticks. With that being said, if we can break above the 1.28 level, then it is likely we could go looking towards 1.30 level. If we break above the 1.30 level, then it is likely that we go much higher. Keep in mind that the Canadian dollar has underperformed, despite the fact that oil has been rallying.
Long
by SmoothJB
Breakout of range coming for the USDCAD. It's been a painful week looking at the dollar cad trade within this tight range but hang out tight, a breakout is coming sooner than you will expect. Price may continue to trade in a range within the channel but expect to see a break out soon! If you're not already in the long, you can consider placing one at these levels and a stop loss at the 1.266 level otherwise you can take one of the two strategies. 1. Wait for price to breakout of the range and enter on the pullback 2. Enter when price tests the bottom of the range
Long
by IkanBilisCapital
USDCAD | Good Buy Opportunity.If you find this technical analysis useful, please like & share our ideas with the community. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Long
by maxprofprofile