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Usdcadsell

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
Long
by Dion-FX
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. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
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.
Short
by CityIndex