usdcad sell signal. Don't forget about stop-loss.
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Usdcadshort
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.
USDCADUSDCAD appears to be gearing up for a potential downward trajectory. When this downward move materializes, it is likely to establish a lower low before deliberating its next course of action. At this juncture, it faces the choice of either sustaining the downward momentum and further extending its descent or opting for a consolidation phase, characterized by a temporary pause before signaling its subsequent move.
USDCAD Long Term buying 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 - 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: Corrective structure in short term?Many of you already know this big picture on daily chart, in the last few weeks we have been following this beautiful rally. Having said that, the trend is bullish on daily chart, but at the same time we don't rule out some corrective structure i short term. From a technical point of view, we have shown on the chart two potential areas useful for trying to take a short position.
As we said earlier, our view has been bullish over the last few weeks and we traded the rally thanks to our harmonic structure:
(click on chart below)
From a technical point of view, it could be interesting to look for some reversal pattern (bearish) on intraday chart, so if the conditions are right, we will publish our updates below.
USDCAD -- Bears Market?!Hello Traders,
Today, the pair is looking to bounce off trendline, repeating the lower high / lower low pattern. Although the Daily shows price above the 200 MA, which generally gives us the trend, should we put in a short order and target last low of ~1.311??
I f we get a close today on or below the BB basis line, and tomorrow pushes it down further, I would short this swing!
For now, let's see today's/tomorrow's close on the Daily for confirmation. Also, we'll check the DXY for any big fundamentals we'd consider for. Otherwise, just for technical analysis, hope to see today & tomorrow bearish candles, especially below the BB basis line.... then I might have the warm & fuzzies!!
This is only an opinion, so please only treat as such, thanks!
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
POSSIBLE PLAYOUT ON USDCAD We'll be keeping an eye on the USDCAD between 1.3700 and 1.3650 to see if there's any potential bearish momentum to trade short.1.3600 zone for the first take profit and 1.3500 zone for the second take profit. NOTE: USE ADEQUATE RISK MANAGEMENT.
Keep in mind: No admittance, no confirmation.
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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 - AnalysisUSDCAD
MN - ABC structure is visible, from which growth can continue to the level of 1.46678
W1 - The price has broken through the level of 1.36627, now we can expect a correction to 1.33952
After this level, both a downward movement and continued growth may develop.
What can you expect now?
Correction to 1.33952, then a clear formation will appear.
Continued decline may reach 1.27837
With growth it may reach 1.43437
Long
Targets 1.36627 - 1.40189 - 1.43437
Long-term perspective – goals 1.40189 - 1.43437 - 1.46678
Short
Targets 1.33952 - 1.30918 - 1.27837
Medium term - goals 1.30918 - 1.27837 - 1.24507
USDCAD A DECISIVE DECISION hello traders , it seems like usdcad has a very important decision to make
either Break the bearish trendline and go up to the key support that i indicated
or Reject from it and drop back to the bullish trendline for the buyers to regain some strenght
the break out may be influenced by the fundamentals coming later this week to determine the fate of the dollar and the fate of the pair.
this is just my humble opinion but yeah follow me its free i post to you amazing setups and updates every week.
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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