Usdcadprediction
USDCAD → Fell HARD to 135.000! Will We Bounce Here?USDCAD fell out of the bull channel as predicted from last week's analysis and hit the profit target of 135.500. We are now sitting on the 200EMA with no sign of support, do we short?
How do we trade this? 🤔
We do not short! We're on potential support, the RSI is at 32.00, we haven't had a good pullback in 10 bars, best to wait on the sidelines. What we *should* be looking for is a bounce off of the 200EMA as previous price action has shown. With a strong bull signal and confirmation bar closing on or near their highs, it would be reasonable to long at this level.
💡 Trade Idea 💡
Long Entry: 1.35470
🟥 Stop Loss: 1.34655
✅ Take Profit: 1.37100
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Breakout of Bull Channel, Bias to Short.
2. Target Short TP at 200EMA 1.35200 Achieved.
3. Look for a test of Daily 200EMA Support.
4. Long if Bull Signal and Confirmation Candle Close.
5. RSI at 32.00, below Moving Average, Supports short-term Short.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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USDCAD → Fall to 1.35200 or 1.40000!? Here's What We Know.USDCAD closed a bear candle below its bull channel support last week, leaving the bulls to wonder if this is the beginning of the end! Will the US Dollar recover and bring us back into the bull channel?
How do we trade this?
We closed a candle below the bull channel, it's reasonable to be biased to short in the short term. The price may want to make contact with the 200EMA at 1.35200 where it could show support and bounce to the upside. I think a short for 100 pips to 1.35200 is reasonable with a protective stop just above the bull channel support. It would be reasonable to take some or all profit just above the 200EMA, but you could hold some and see if the price falls further.
Key Takeaways
1. Closed Candle out of Bull Channel, Bias to Short.
2. Look at 4HR chart for a test of Bull Channel Support.
3. After Sell Signal, Target TP at 200EMA 1.35200
4. Watch for Support at 200EMA
5. RSI at 41.00, below Moving Average, Supports Short.
You are solely responsible for your trades, trade at your own risk!
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USDCADPair : USDCAD ( U.S Dollar / Canadian Dollar )
Description :
Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Completed the Retracement at Fibonacci Level - 78.60%. Completed Impulsive Waves " 12345 " and " AB " Corrective Wave
Entry Precautions :
Don't Enter Until it complete Correction
USD/CAD Daily Analysis - Pullback Before Major Bull Run!?USD/CAD bounced nicely off of 1.36300 for a nice 200+ pip run to the upside. We ended last week with a Daily Pin Bar Bear candle, and DXY (Dollar Index) was in a trading range. Where does that leave us for this week?
First, we're in a bull channel which means the probability of profit is in the bull's favor. I am looking for a long entry and have no interest in shorting the Daily chart at this time. Since our last candle was a bear pin bar, that may be an indication that we're entering a minor pullback and should wait until it concludes. The RSI is just above 50.00 and curling down, you may want another test at the 45.00 level before going up.
We also have established a minor trend line within the current bull channel with this last bounce. With a good bull signal bar in the 1.37000 area, I would consider entering a long with a stop loss just below the channel bottom and a take profit at the next Weekly previous high of 1.40000.
Key Points
1. Bull Channel, Always in Long
2. Last Candle was a bear Pin Bar
3. DXY in Trading Range
4. Look for at least a small pullback before longing.
5. RSI is just above 50.00, wait for a pullback
Until we see a minor pullback and bounce, I would wait to long and definitely not short unless it's on the lower timeframes (5m, 15m, 1hr).
You are solely responsible for your trades, trade at your own risk!
Let us know what you think in the comment section below!
USDCAD - Looking To Sell Pullbacks In The Short TermH4 - Bearish convergence.
Currently it looks like a pullback is happening.
Bearish hidden divergence.
H1 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Bearish divergence.
Until the two strong resistance zones hold my short term view remains bearish here.
USDCAD 27/10 Pair : USDCAD ( U.S Dollar / Canadian Dollar )
Description :
Completed " 12345 " Impulsive Waves at Daily Resistance Level. Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from the Upper Trend Line. We have CHoCH and Divergence in RSI
Entry Precaution :
Wait for the Proper Rejection or Breakout
USDCAD - Looking To Sell Pullbacks In The Short TermD1 - Price respected a strong resistance zone and bounced lower.
Bearish convergence.
Expecting short term bearish moves to happen here.
H1 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Until the two strong resistance zones hold I expect the price to move lower further after pullbacks.
USDCAD SWING ANALYZE / SHORT Hello dear friends
I hope we start a very good week.
There is a good position in the currency pair of the US dollar to the Canadian dollar
And I drew two movement patterns for this currency pair.
In short, this currency pair has weekly and daily resistances, and due to the decrease in momentum, we can think about short trades.
If the drawn trend line breaks with good strength and seeing the entry trigger, we can enter the short trade
And if the price goes up, we can take the risk on the resistance areas and enter the short trade.
The loss limit should be placed behind the pivot in the first case and behind the resistance level in the second case
Thank you for telling me your opinion
USDCAD 25May2023even though it looks bullish, it is possible for a correction to occur in the near future. the price is close to fibo 1. the fastest correction is the price may touch the SR Flip and then continue bullish, but the price can also fall to the trend line. notes and trends can change when the price drops to the invalid area. make purchases wisely, find suitable area for RR
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD
USDCAD is now quite BUY. The dollar started to strengthen slightly because of the short-term POSITIVE SENTIMENT for the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that the FED is still MONITORING INFLATION DATA.
We think it will go up to 1.3585 level before going down again. Also, with this MARKET RISK ON SENTIMENT, the USDCAD PRICE can SELL to the 1.3300 LEVEL in the future. FOLLOW THE STRUCTURE GIVEN.
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD
USDCAD is now quite BUY. The dollar started to strengthen slightly because of the short-term POSITIVE SENTIMENT for the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that the FED is still MONITORING INFLATION DATA.
We think it will go up to the 1.3792 level before going down again. Also, with this MARKET RISK ON SENTIMENT, the USDCAD PRICE can SELL to the 1.3367 LEVEL in the future. FOLLOW THE STRUCTURE GIVEN.
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD
USDCAD is selling quite a bit right now. The reason for that is CAD is STRONG and USD is DOWN slightly due to OIL being somewhat DEMAND. The BOC RATE HIKE SENTIMENT is also affected by this. Stay tuned for FED and BOC UPDATES.
We think it will go up to 1.3515 level before going down again. Also, with this MARKET RISK ON SENTIMENT, the USDCAD PRICE can SELL to the 1.3100 LEVEL in the future. FOLLOW THE STRUCTURE GIVEN.
USDCAD 1:4 plus TRADE in SHORT! explained With Curve Analysis.
We have a Weeky Source Supply and a 6 Months Destination Demand forming the Demand and Supply Equilibrium Curve,
Currently Price is in the area which is High on the Curve hence the risk: reward ratio is very favourable in the trend direction.
The Daily Supply is a potential trade in sell, risk is defined and reward is set, for analysis on a specific script plz leave ur precious comments,
Enjoy Money Making !!!
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD
USDCAD is now quite BUY. The reason is because OIL is slightly WEAK, CAD is WEAK and USD is slightly UP. The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK.
And MARKETS RISK has been OFF again for this reason. But with RETAIL SALES, ISM MANUFACTURING DATA, and FED UPDATES, this situation may change in the future. Therefore, if the FED continues to be HAWKISH, the USD can definitely go UP. So stay tuned for FED UPDATES.
We think it will go up to the 1.3792 level before going down again. Also, with this MARKET RISK ON SENTIMENT, the USDCAD PRICE can SELL to the 1.3155 LEVEL in the future. FOLLOW THE STRUCTURE GIVEN.