USDCAD - Daily Trade Idea - 6-May-22USDCAD (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we have the final confirmation for entry.
Usdcadlong
USD/CAD Made Higher High , Long Setup To Create New Higher Low This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
DeGRAM | USDCAD approaching 1.28000USDCAD is approaching psychological number 1.28000.
Bulls already pushed price higher at this level multiple times before.
Price is likely going to test resistance levels again since we don't see strong bearish candles.
-------------------
Share your opinion in the comments and support the idea with Like. Thanks for your support!
USDCAD - Daily Trade Idea - 3-May-22USDCAD (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we have the final confirmation for entry.
Daily USDCAD Premium Signal For Monday 01April was a great trading month with over 800pips. We hope to go beyond this achievement in the month of May. Now back to our signal for Monday. Risks still remain to the upside for a shot time, USD haven flows still intact. We go long at 1.27834. Target 30-60pips. Good luck trading
DXY/USDCAD/EURUSD - REVERSAL EXPECTED?DXY - Dollar Index has approached to its 5 year high of 103 - 104 with strong monthly candle.
USDCAD - is approaching to the 2021 resistance level which it breaks during Covid-19 period.
EURUSD - has been testing 2015/16 lows after breaking Covid-19 lows.
Both the pairs are heavily dependent Dollar Index which remains in limelight after FED Interest rates expectations.
What should we expect from here?
Since all three are at important levels which can be the reversal points or continuation of the main trend. We have been waiting for DXY to make a move first. If we have closing above resistance with FED rate hike in May'22 the trend will continue.
Let us know what do you think in comment sections.