Usdcadidea
Bullish positioning on CAD is slowly diminishingUSD still enjoys high carry 2.6% vs EUR over, making short USD positioning unattractive. No currency in the G10 FX space offers a higher yield than the dollar.
Market expectations earlier in the year that policymakers will not be able to fulfill their tightening ambitions turned to bets that the next move in interest rates will be down as the economic outlook deteriorated while the trade war saga dragged on.
USDCAD: Triangle Completion Could Indicate Long TradeWe may have a possible contracting triangle scenario if price drops from 1.3310. Price is still on the trajectory to reach the TP projection of the Garltey pattern @ 1.3415. A clear uptrend and with clear structure formation. Wait for confirmation before looking for any buy setups.
USDCAD Short > H3USDCAD short setup
> Wait for bearish price action
> Short
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#USDCAD, Despite the increases...The above model speaks for itself but we will add some points anyway!
We already had 3 encounters with the diagonal resistance line and everyone responded in descents, and at this moment we are a few pips from the resistance!
The Stochastic indicates Overbought
We have a start of a red Ichimoku cloud that warns of a downward trend.
Target: 1.32
If usdcad breaks the resistance this signal will be canceled
USDCAD - Forex Majors | Elliott Wave Patterns | November 2019USD/CAD - Elliott Wave Technical Analysis
Structure & Degree: Primary Degree B (red) Complex Structure, Double Three
- Intermediate (W) (purple): Semi Complex Flat within Minors ABC (blue)
- Intermediate (X) (purple): Complex Flat within Minors WXY (pink):
Semi-Impulsive Minor A (blue)
Bull-Flag (Double Three) Correction in Minor B (blue)
Bullish Impulse in Minor C (blue)
Current Position & Pattern:
- 3 of 3's within Minor C (blue)
Expected Swing:
- Bullish Impulse in Minute iii (green)
Technicals & Confirmations:
- Double Top on Intermediate (W) (turquoise) starting points
- 50% or 61.8% Fibonacci Retracements of Minuettes (i) & (ii) (black)
- 61.8% Fibonacci Extensions of Minors A & B (blue)
- Reversed Bullish Divergence on the Ascending Channel
- Bullish Harmonic Structure
USDCAD SHORTUSDCAD SHORT
SHORTING FROM 1.31610
TP 1 1.30750
TP 2 1.30505
TP 3 OPEN
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USDCAD Analysis# USDCAD
> Chart: H4
> Trendency: Down
> Rtrench Fibo 0.50 level
> Toward to Lower Low
USCAD: Are the buyers coming inthe daily time frame has built a falling wedge.
are we expecting a reversal or a breakdown.
keep an eye on the pair.
do not miss out
pullback and continue of uptrendits good opportunity to buy USD at this level
in dip and its near strong upward Trendline
My Idea on USDCAD for the following weekOn USDCAD I'm looking for a long BUY, but first If we respect the 50% will be placing SELLS to go retest the .31500 zone, then swinging all the way back to .3211 there will wait for confirmation to the upside or downside
My Idea on USDCAD for a couple of days Im seeing a bearish trend on USDCAD but we also got a wick fill at .33821 on Daily so untill I see confirmation of a reversal Ill be entering sales ( Feel free to leave a comment )
USDCAD SELL TP_1.3073_1.42%_0.0188pips_SL_1.3327_0.49%_0.0065pipUSDCAD SELL TP_1.3073_1.42%_0.0188pips_SL_1.3327_0.49%_0.0065pip
Potential 140 Pips Ride South!(Trade Idea)Lets hope the major news releases for this pair on Wednesday don't make a mess of things.
START OF THE WEEK (9 Sep - 13 Sep 2019) GUIDE | DOWN!See chart for illustration.
This is a follow up ( see link below for reference purposes)
USDCAD OBEYS SELL OPPORTUNITYDon't miss tomorrow's opportunity. Whatsapp me for great signals, +254748235744
