USDCAD Top-down analysisHello 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.
Usdcadshort
USDCAD Sell TF H4. TP = 1.3499On the 4-hour chart the trend started on May 26 (linear regression channel).
There is a high probability of profit. A possible take profit level is 1.3499
But do not forget about SL = 1.3656
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested. Thank you!
Good luck!
Regards, WeBelieveInTrading
USD/CAD Just Gave Yesterday +100 Pips 0 Drawdown !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
USDCAD SHORT TRADE IDEA 4H USDCAD CHART ANALYSIS POSTED ON TUESDAY 30 MAY 2023
Let's see how this pair will perform based on the analysis.
Make sure you do your research and based on your confluence please look for the entry.
Don't rush your trades without any confirmation.
Trade safe and use always proper risk management.
Thanks in advance for checking my trade idea.
USD/CAD Long Entries Fully Closed +650 Pips , Short Entry Ready This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
USDCAD moment of correction; RSI/BB/STOCH/HAIKEN_ASHIInstruction:
1)The Relative Strength Index (RSI) shows that the asset is temporarily overbought/oversold, suggesting a possible trend reversal.
2)The Bollinger Bands indicator shows that the asset is currently in an upper/lower resistance/support zone.
3)The Stochastic Oscillator (Stoch) in forex helps identify buying and selling moments based on a comparison of the current price with a price range over a certain period of time.
4)In addition, I use Heiken Ashi candles, which help to see the trend in a smoother and smoother way.
Intervals:
H4:
1) RSI above lvl 70
2) Price on Bollinger Band
3) Stoch above 80 and Sell Line (red) is on top of Buy line (green)
4) Red Haiken Ashi candle is building
H1:
1) RSI close to lvl 70 and indicator is poiting down (sell)
2) Price bounced from Bollinger Band
3) Stoch above 80 and Sell Line (red) is on top of Buy line (green)
4) Red Haiken Ashi candle is building
Conclusions:
Based on the analysis of RSI, Bollinger Bands, Stoch and Heiken Ashi candles, it seems that the USDCAD asset may be at a turning point.
Stop Lose:
Above top of Bollinger Band +10/15pips. SL will be set up on break even after 10/15pips profit.
Target: 1.355
USDCAD H1: Bearish outlook seen, further downside below 1.3540Price is currently hovering near a key resistance zone at 1.3540 on the H1 timeframe, which coincides with the 78.6% Fibonacci extension. Failure to hold above this zone could see price push lower to test the next support zone at 1.3480. Stochastic RSI is in the overbought region above 80, supporting our bearish bias.
USDCAD: US Dollar's position as the primary global reserve curreThe Return of the Sellers
Over the past two decades, the US Dollar's market share has declined from 71 percent to 59 percent, and it may continue to reduce further in the future. This has a negative impact on the United States since global currency usage is a zero-sum game. When other currencies like Yuan, real, or Rupee are used in global trade, the US Dollar is left out. If other currencies gain more prominence, it may compromise America's dominance in the global market.
USDCAD 1.34943 -0.06% LONG IDEA 📈💡🐮HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD.
* Looking at USD/CAD in the coming week
1. Closed the week range bound on the Dollar/CAD.
2. Looking for some Liquidity runs to get some directional perspective.
3. Should we break above looking for short entries towards sell side.
4. Looking to fill some gaps below .
lets see how it goes.
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!