Usdcadlongsetup
USDCAD 1H-TIMEFRAME ANALYSISUSDCAD 1H-TIMEFRAME ANALYSIS
Hello ladies and gentlemen
This is my new idea for USDCAD
My idea is that the pair will continue to uptrend
targets
1.352
1.364
I hope my idea is clear
Support me by like and share
Good luck
USD/CAD: positional swing LONG tradehi !
all the analysis turned into the trade in the chart.
the wide stop is to ensure that the play goes on and leaving strengthening (=adding longs) in case goes lower the coming few sessions.
I do expect the target to print still this month.
check the trade every 8hrs and adjust size accordingly. if lower than entry add if above entry reduce risk.
any questions?! - contact me
good luck !
A fundamental week aheadThis week The Bank of Canada (BoC) is meeting on Wednesday to discuss about monetary policy, so "but investors will be looking to see if the BoC looks to adjusts its inflation approach like the Fed to accommodate greater flexibility. Canadian labor market numbers were also released on Friday and, like the U.S., the data was mostly better than expected. Job growth beat expectations, the unemployment rate improved, the participation rate ticked higher, wages grew more than expected and most of the hiring was full time. IVEY PMI was slightly lower in August, but it could have been much worse. The Canadian dollar sold off initially but ended the day higher versus the greenback".
USD CAD BUY SENTIMENTIM LOOKING TO GO LONG ON USDCAD IN THE HIGH VALUE ZONE AND THATS THE PROBABILITY SIDE
USD/CAD Technical Analysis.Currently, USD/CAD is trading at 1.3388. The pair is consolidating in the ascending triangle pattern. Previously, the pair was trading in a down trend. There is a great possibility that the pair will rebound back from its resistance level. But if the price breaks the resistance level at 1.3452, then It may start a new up trend and its first target price will be at 1.3544 and second target price will be at 1.3600.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat
USDCAD TRADE Analysis by Wave FX Academy (UPDATE)Hi Traders, here is my analysis for this pair. Initially I had a short bias on this pair, however, as traders we must always try to be proactive.
based on market conditions and with price failing to close below Daily support "C", thus creating a double bottom in the process. I'll be expecting possible bullish momentum entering the market.
I've labeled the areas based on what I will be anticipating.
Like and Comment your thoughts . All feedbacks are welcomed.
An entry will be taken only if all rules of my strategy are satisfied.
Add this pair to your watchlist and see if the rules of your strategy provides an entry.
USDCAD Daily: Long!Note: Idea is to complement your research.
Check comments section for future updates on idea.
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Potential $USDCAD Long against 1.3500
Hello Sophisticated Trader,
Along with the DXY renewed strength due to the coronavirus fear, the fundamentals seem to point to a potentially weaken the Canadian economy. The Pair has recently broken above the 100MA, a major resistance level and is suggesting a potential rise over the coming week. While 1.3500 stay supported, the pair would have its sight at 1.3800.
Remember to buy on support and sell on resistance.
Minimize your risk and Maximize your profits.
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Happy Trading!
Dr. Lydia Smith
Sophisticated Trader: Where we teach you what you need to know about trading.
USDCAD Intraday OutlookFX:USDCAD is currently holding at a strong support level. With the US dollar being a safe haven with a high demand in view of a potential wave 2 pandemic while aligning with investors sentiments and Canadian dollar showing signs of exhaustion and slowing down due to weak oil data. Therefore, we're expecting US dollar strength and Loonie weakness. A good trading opportunity would be the potential upward movement to the nearest Resistance 1 as shown in the chart.
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USD/CAD Technical Analysis.Currently, USD/CAD is trading at 1.3585. The pair started a new up trend after breaking resistance level and neckline at 1.3480. Previously, the pair was trading in a down trend while moving in a lower-low lower-high pattern. As the pair has already started a new up trend, Its first target is at 1.3663 and second target is at 1.3776.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat
USDCAD BUY TRADE SETUP 300-PIPSPlease manage your risk. Use Stop loss. And do not take blind entries.
If you have question let me know. If you want to analyze any pair let me know.
USDCAD ready to buyStrong support zone for USDCAD.
After the bearish movement, we can try a Long
Entry 1.3465
SL 1.3308
TP 1.3675
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Trading Kitchen
USDCAD H4 LONG TRADE SETUP & ANALISYSUSDCAD has been trading in a descending triangle in D1, H4 price is forming and short-term uptrend bias supported by the trendline, before reaching the top from the descending triangle MACD is showing diminished bullish momentum. Price action should reverse till reaching FIB level 0.5 + testing support from trendline and triggering the order. Finding strong support from fib level and trendline for further uptrend continuation.
S/L: 37.5 PIPS
R:R 1:2
