Usdcadsignal
Trading Idea Regarding USDCADThis pair is going bullish for now
Technical Analysis
1-Break out price structure and retesting it before continuation to the upside
2-Ascending Triangle Chart Pattern on weekly Time Frame
Sentimental Analysis:
1-CADJPY Reached falling resistance level indicating bearish move for the pair (Indicating possible weakness for the CAD)
2-AUDCAD is making Q&M chart Pattern which is indication of bullish move for the pair(Indicating possible weakness for the CAD)
USDCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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- Nice trade with great R:RIn June 2021, UsdCad has changed the trend, breaking above the descending trend line and reaching a high around 1.3 important resistance.
Since then, the pair was very volatile with large up and downswings.
In December, UsdCad has had a new attempt to conquer 1.3 and failed again, dopping slightly under 1.25
However, this low is higher in rapport with the previous 2 and can be an indication of continuation to the upside.
More, 1.25 zone is market by 3 bullish pin bars and it is clear that we have buying power in this zone.
In concl;usion, dips against 1.25 should be bought and swing traders can target 1.3 resistance.
A dive under the recent low would negate this scenario.
Best of luck trading UsdCad
Mihai Iacob
USD/CAD 4HR BUY SET UPHi TRADERS this is my trade set up for the USD/CAD for the new week ahead
USD/CAD hit a nice rejection zone on the daily last week so I can see this pair being bullish this week so looking for a buy only
so i will be looking for a pullback to order block zone to take a BUY trade
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please follow like and comment thanks
USDCAD Possible Sell setup from USDCAD,
from @1.26533
to @1.23926
I consider trend of the market as a bias for this setup as sell trade on strong resistance at the zone from 1.26533 to 1.26733
Note; this is my analysis bias, confirm your analysis bias before make any decisions and your proper risk management
long USDCAD Analysis USDCAD reaching a D Timeframe Volume cluster as Support. The Support zone is an area where previously uptrend (Bullish) Started. The downtrend is overextended as well. Might see a pullback to the resistance zone marked. A 2Hr timeframe Divergence on MACD is also forming. Waiting to see good price action. Good Luck !
Trading Idea Regarding USDCADAccording to my analysis USDCAD is going down for upcoming week once it break support zone
1-Head and Shoulder chart Pattern indicating bearish behavior for upcoming week
2-Price Break The Uptrend Line and Retest the trend line which now acting as raising resistance line
Warning:
If this pair failed to break support then most probably it move up by making double bottom chart pattern so trade only when candle close below the support area
USDCAD Bullish Divergence Analysis 07/03/2021as we can see the price is in a wedge where it has Bullish Divergence with MACD and there exist a MACD crossover which can be interpreted as the trend reversal
we can see some changes in DXY also which may confirm the bullish ness of this instrument
there are 2 TPs to capitalize on