USDCAD: Bullish Trend ContinuationAs described in the chart, USDCAD has bounced from the 4H EMA and expected to continue the bullish trend.
Usdcadsetup
USDCAD 4H Potential Bearish MovementHi everyone this is what I saw at the moment. Stop Loss around 30-40 pips from Entry in the yellow zone. TAYOR!
TAKE NOTE- ANALYSIS ON USDCADFREE ANALYSIS ON USDCAD
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4 HOUR
USDCAD is making a pull back to the previous support level (now turned resistance) on the trend-line break at 1.33000, which is also a nice psychological level.
Things to consider:
1. Watch out out for the Zones as prices dropping below them will give signal for more downward move.
2. On the DAILY chart price is testing the 200MA level, this could confirm the downward continuation.
3. Watch out for the breaks in the trend line for more SELL opportunities.
4. Stoch RSI also making a bearish divergence.
Wait for break in trend line for sell down.
OVERALL
Expecting more downward momentum.
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Thanks for reading
See previous analysis
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USDCAD, pullback to cloudD1
-->> resistance spotted
-->> pullback to cloud
--->> expect huge downward movement if it fail to break the cloud
USDCAD, pullback to cloudD1
-->> resistance spotted
-->> pullback to cloud
-->> expect huge downward movement if it fail to break the cloud
USDCAD, forecast on D1-->> structure: downtrend
-->>trendline broken
-->> tendency: wait for daily candle close at this zone
USD/CAD Long Term-Trade IDEA (Daily)Very nice little set up here.
I try to keep my charts very clean and simple, We broke a major up-trend.
Since we found support (for now) I would like to see if we reject this area, if so I can see a retest of the broken trend-line as resistance.
Let me know what you think below.
USDCADHello traders,
Here on H4, we can see a bullish divergence on MACD that will provide us a possible up move for the price. We can see also that the divergence end in a double bottom, but the big trend is a down one so we can expect a correction in levels 50 and 61.8 at fibo and look for a sell scenario.
Will USDCAD continue the Down Trend??De afgelopen week is de koers verder gedaald en nieuw dieptepunt laten zien. Er zit waarschijnlijk nog wat meer kruit in het vat om de prijs verder naar beneden te drijven. Zie afbeelding voor de toelichting op mijn analyse.
USDCAD on RetracementFor the current being, i will be strongly sided towards Sell for the Downtrend. However the price is now on bullish and i assume that is retracement period is taking over. Line price of 1.3488 is the last area of resistance that if the price can break this price, i will assume that downtrend is no more valid and sideway will be taking over. I will avoid the trade for this pair initially until it show a clear sign of trending.
My entry was based on the breakout of SnR line, trendline and also spotting the divergence. For the candle formation i will wait for the bearish engulfing. For the SL, i will suggest to put it at the high price of bearish engulfing formation.
USDCAD break Sideway Keep watch retest...USDCAD break Sideway Keep watch retest...
Target 1.3566 & 1.3620
USDCAD - MAJOR UPDATEExpecting a move down on USDCAD
I'll be looking at around 1.31500
for SHORT take Profit.
Be careful as this could definitely test
the previous Top of around 1.36191
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USDCAD - About to PopThe USDCAD has been in a strong up trend since March 2018. Will see it move high as price begins coils before it pops as selling pressure drys up.
USDCAD Weekly Harmonic Gartley Pattern Analysis and StrategyWe are predicting the formation and completion of the Gartely pattern as seen on the 4 hr chart. We are short here and our strategy is to trade the 4th leg of the formation with a stop set at the red zone. FX:USDCAD
USDCAD Potential Short From Current Level?Hi everyone. Please refer to the image. Beware of CAD news coming out tonight (SEA time). It might move the pairs then. For now its still not moving much. Maybe waiting for news data.
TAYOR and all the best traders!
KHALID HAMID
USDCAD Quick ScalpPrice has been pushing down while forming LHs and LLs on the smaller time frame, my entry was based on the H4 close which broke 1.34200 and pushed up for liquidity forming another LH on H1 as it retested it's broken support. My goal is to ride the current market momentum to the daily demand zone for a 1:3.
