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Usdcadidea

USDCAD - EDUCATION - 25. AUGU. 2019Welcome to our weekly market Breakdown (USDCAD)! 1 HOUR Sideways waving market structure. 4 HOUR Slowly rising market with several pullbacks and low pressure. DAILY Bullish market found its resistance in my opinion. OVERALL Two very likely scenarios in usdcad this week, depending on price action on monday prices should fake a breakout either to the upside or below previous week support zone. I will update you about everything, be patient :) Good luck - Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
by DACapitalTrading
4
The bulls coming back? #USDCADSo it's true that the usdcad has gone out of the rising channel but you can not ignore the current situation. In the weekly chart, the USDCAD is still on the rise. You can see that currently the usdcad is supported by the support of the Ichimoku cloud, so long as we stay above the cloud it is a positive sign. And in the end, we left the most important point- crossing of the Stochastic in the zone which indicates an oversold with the potential reversal of the trend. Target: 1.32-1.3280
Long
by xosignals
USDCAD LongUCAD is in a clear sell on the weekly timeframe. However, the daily MACD shows the moving averages touches with a possible crossover to the upside. The 4hr shows a slight move to the upside but closely approaching the 50EMA zone at 1.311. Will look to see what price does here. Will take long position if price breaks the EMA and retests. Also, divergence on the 4HR starting at 062019 til current. Price has broken the 1HR and 15MIN EMA's but has not retested, therefore this breakout could be a fakeout. Will continue to watch price.
Long
by kmoore21