USDCAD Buyers Are Strong? {26/10/2022}Educational Analysis says USDCAD may go long according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why long?
Broker FXCM.
After Ranging on the daily timeframe, A 4-hour time frame Made a Recent Upward Impulse Move that broke recent resistance and went for a new high,
Long setup after eating stop loss from Short Sellers,
Because USDCAD fair value gaps are unfilled in a 4-hour time frame.
The last Analysis is jointly connected in this updated one.
So, trade is already on with RR is 1: 22.01
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.
Happy Trading, Fxdollars.
Usdcadsell
USDCAD ShortOANDA:USDCAD
The technical analysis of the current market conditions reveals a bullish channel coexisting within a bearish trend. This implies that the breakage of the channel's lower boundary would trigger a subsequent bearish trend. The current price point has reached the channel's apex, and there is a possibility that it may retreat to the lower boundary, even breaking it and further descending. It is, however, imperative to note that such a trade is inherently precarious. A small stop-loss and a large risk/reward ratio should be implemented to mitigate this risk. Therefore, it is vital to exercise utmost caution and carefully manage the associated risk.
USDCAD ShortOANDA:USDCAD
The USDCAD trend has shown a bearish trend preceding a bullish channel, leading to an anticipated price drop upon the channel's bottom breach. Confirmation of this projection will follow once the bearish channel's bottom is successfully penetrated. It is imperative to note that this projection is based on the current market trend and may be subject to change based on future market developments.
USDCAD MID-WEEK ANALYSIS UPDATE 08/10/2023Bullish USD/CAD Short-term Opportunity 📈
Recent USD strength suggests a potential short-term bullish opportunity for USD/CAD. Set risk parameters, and stay informed for a tactical trade. After the market breaking the previous structural low, watch for any bullish reversal patterns during the pullback. Good luck! 📈💼📊💹
OIL can also let this play out differently but the main target is still the same
Might be beginning of impulse wave downPreviously it was quite strong sell on H$ chart and the current structure showing weak buyer indicates still in selling momentum. Possible sell opportunity for intraday set up, waiting for valid swing low to be formed when internal (H1) swing low to be broken. As long as no minor swing low (choch) formed, no sell opportunity.
USDCAD - Long for buy side liquidity ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here price follows bullish price action as I said in my previous analysis. I will look to add long position if price makes a retracement and then rejects from bullish order block. My target is still buy side liquidity.
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USDCAD - Long active ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for long. I expect bullish price action from here as we can see that price filled the imbalance and rejected from 1H bullish order block + institutional big figure 1.36000.
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USDCAD Long Term selling Trading IdeaHello Traders
In This Chart USDCAD HOURLY Forex Forecast By FOREX PLANET
today USDCAD analysis 👆
🟢This Chart includes_ (USDCAD market update)
🟢What is The Next Opportunity on USDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
USDCAD Analysis Today Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCAD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for long. I want price to make a retracement to fill the imbalances lower and then to reject from bullish order block + institutional big figure 1.35000.
Fundamental analysis: Tomorrow we have important news on USD and CAD, will be released NFP in USA and Unemployment Rate in USA and Canada. Pay attention to the results in order to see the direction for short and medium term.
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USDCAD END-WEEK ANALYSIS-UPDATE 24/09/2023USDCAD Insight: Pursuing an Upside Path - Bridging Daily Imbalances
USDCAD, a market characterized by its inverse connection with EURUSD, is presenting an intriguing scenario. Our prior forecast of a potential recovery proved accurate, but in the dynamic world of forex, we're now positioning for the next phase.
Currently, I'm focused on the prospect of USDCAD continuing its upward trajectory to address the daily imbalance. Following a recent minor decline, we anticipate a significant upward move in tandem with DXY, under the condition that DXY maintains its price above 105.864. Join me as we navigate these forex dynamics. Stay tuned for the unfolding narrative! 📈📉 #USDCADInsight #ContinuationUpside #TradingView
USDCAD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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 - Bearish continuation ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: As I expected in my previous analysis, price started bearish price action after taking out buy side liquidity. Now I look to add short position if price makes a retracement to fill the imbalance higher and then rejects from bearish order block.
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USD to CAD Key Points Analysis, Evening UpdateRecommendation: Sell below the point 1.3635 with the first profit target at 1.3585 and the second profit target at 1.3570.
Alternative recommendation (in case of price trend change): If the price breaks above 1.3635, it is expected to initiate its move towards 1.3650 and 1.3670.
Support and resistance levels on the 30-minute price chart
(Pivot and support/resistance levels for today's Forex market)
1.3670
1.3650
1.3635
1.3585
1.3570
USDCAD - Short after taking the liquidity ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I see price to reject from bearish order block + institutional big figure 1.37000, after taking buyside liquidity.
Fundamental analysis: On Friday will be released Unemployment Rate on CAD. Pay attention to the result in order to validate the analysis.
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USDCAD : Short Trade , 4hHello traders, we want to check the USDCAD chart. The price has broken the ascending channel to the bottom and is pulling back to the specified key level. If the price cannot break this level, it is a good entry point for a sell trade. In case of a fall, we expect the price to fall to around 1.35000. Good luck.
USD/CAD: Double top beneath key swing highsUSD/CAD has risen just over 4% since its YTD low set in July. And it did so in a relatively straight line. Yet a double top has now formed on the daily chart beneath the April and May highs, with the second ‘top’ coming in the form of a bearish engulfing / outside day. This likely points to at least a minor top over the near-term. Any low-volatility moves towards 1.3600 could provide bears an improved reward to risk ratio, with 1.3500 making a viable initial target. Should US data such as GDP, ADP employment and Nonfarm payroll disappoint, we could be looking at much lower.