Usdcadsignal
#USDCAD, New times?New Times - Following a rising trend that has been on the usdcad for many months, you can see in the graph above that a descending channel is created here.
The Stochastic is at the bottom of the daily graph which means we are heading for a fix but the trend will remain bearish.
Target: 1.2940
USDCAD SellUSDCAD SELL @1.32812
SL @1.33301
TP @1.32403
TP @1.32101
TP @1.31502
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the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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USDCAD LONG TERM SPECULATION | SHORT!It appears price is gaining momentum in anticipation of a rally to the downside from 1.33500 zone since it has found it difficult to break this area in the last 2 weeks.
Considering the present volatility in the USD currency, patience is pertinent as the price could break the 1.33500 zone up into the 1.5500 zone before the rally down.
However, price action monitoring is decisive here.
Lower time frame speculation coming up soon
#USDCAD, Analysis+SignalBear trend.
You can see in the graph above that the average line moves 200 very reliable which means that the usdcad above the line is worth buying and when the usdcad below is worth selling.
This is already the second time that usdcad is trying to rise above the trend line with no success.
Target: 1.3175
The bulls coming back? #USDCADSo it's true that the usdcad has gone out of the rising channel but you can not ignore the current situation.
In the weekly chart, the USDCAD is still on the rise.
You can see that currently the usdcad is supported by the support of the Ichimoku cloud, so long as we stay above the cloud it is a positive sign.
And in the end, we left the most important point- crossing of the Stochastic in the zone which indicates an oversold with the potential reversal of the trend.
Target: 1.32-1.3280
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.
The last increase is a change in trend or just correction#USDCADOnly in the weekly graph are we still on the upward trend, in all other chart times (H4, D1, MN), the model has changed to a bearish model.
The USDCAD was stopped at 1.3090 because of the support we have there.
The Stochastic is currently at Oversold.
Short term: The USDCAD can rise to 1.3170 / 80
Long term: 1.2950