USDCAD potential bounce!
USDCAD expected to reverse up to 1st support at 1.39761 where it could potentially react and bounce to its resistance at 1st resistance at 1.43392.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Usdcadsell
USDCAD Elliot Wave Analysishey guys, here is my new idea about USDCAD
price just finished a whole wave
now i think is in the point b of the correction abc
point b is 50 % fibonacci retracement of a
im seeing a 5 3 5 (ABC) correction pattern
i marked a green zone below which is the -127 level of the fibonacci extension between a and b, as a take profit zone where i think the price will move it forming C
this is just an idea, tell what you think about this count.
USDCAD to climb from upside confirmation, potential bounce!
USDCAD to climb from its upside confirmation at 1.41655 where it could potentially bounce further to 1.42924.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD to climb from upside confirmation, potential bounce!
USDCAD to climb from its upside confirmation at 1.41655 where it could potentially bounce further to 1.42924.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD to climb from upside confirmation, potential bounce!
USDCAD to climb from its upside confirmation at 1.41658 where it could potentially bounce further to 1.42924.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD Market Outlook | Daily Forex Market BreakdownUSDCAD
We have seen a very strong breakout to the upside. Definitely don’t want to be trading against that. I believe we could be seeing some good long opportunities for us, but first we need to wait and see how low we are coming to push before reversing back to the upside. Watching close to see if we’re going to make a higher low giving us a clean entry for a long.
USDCAD Daily Chart Analysis: Further drop likelyLast week after the BOC Interest Rate decision, I publish an idea on the Weekly Chart where I advised selling the spike.
(Last week's chart)
In today's daily chart, you can see that USDCAD looks set for another decline. However, if you have not sold the spike last week, it would be better to wait before selling right away.
I would like to see a pullback to the 1.4020-1.4040 area in the hourly chart before deciding to put additional sell entries.
In my opinion, a drop to 1.38 is likely provided USDCAD doesn't break the 1.4050 area.
USDCAD ShortI missed the original entry on this one, however if we get a pullback, I will be looking for another short trade on this pair.
Weve had a nice clean break of the 50MA and several rejections of the descending trendline and the resistance zone.
Daily is showing a clear downtrend with new lower highs forming.
USDCAD - Sell Opportunity Back To Prior Resistance | 1:3 RR📢EURNZD 1H - Technical Breakdown
📈Price action clearly broke upwards out of the descending wedge shown in my last tradingview analysis. Since then a failure to gain has taken place and bullish momentum seems to have come to a halt.
📈A short opportunity from the current market price presents a 1:3 RR trade aiming to bank 120 pips down to the prior wedge resistance line.