USDCADPair : USDCAD ( U.S Dollar / Canadian Dollar )
Description :
Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Completed the Retracement at Fibonacci Level - 78.60%. Completed Impulsive Waves " 12345 " and " AB " Corrective Wave
Entry Precautions :
Don't Enter Until it complete Correction
Usdcadsignal
USDCAD → Moves below 1.3700 followed by 50-day EMAThe FX:USDCAD pair experiences downward pressure following the release of weaker US inflation data on Tuesday. Moreover, the uptick in crude oil prices is likely supporting the Canadian Dollar (CAD), adding to the pressure on the USD/CAD pair.
The technical indicators paint a bearish picture for the USD/CAD pair. The 14-day Relative Strength Index (RSI) below the 50 level indicates downward pressure, signaling a bearish momentum and reflecting a weaker market sentiment.
Additionally, the Moving Average Convergence Divergence (MACD) line, while above the centerline, has shown a divergence below the signal line. This suggests a potential shift in momentum towards a bearish sentiment in the USD/CAD pair.
The USD/CAD pair trades around 1.3690 during the early European session, after falling by almost 100 pips since the previous session. The 50-day Exponential Moving Average (EMA) at 1.3670 could act as the immediate support.
A firm break below the latter could influence the USD/CAD pair to navigate the region around the psychological level at 1.3600, followed by the 38.2% Fibonacci retracement at 1.3591 level.
On the upside, the major level at 1.3700 appears to be a key barrier. If there is a breakthrough above the latter, the bulls could revisit the weekly highs around the 1.3843 level.
USDCAD Sell/ShortPrevious USDCAD post was taken down for reasons. I did call a Sell/Short however is not visible to see no longer. My analysis was on point and we did short at the top. Please continue to follow the signal that is now posted for a great profitable session. Shows clear downtrend M formation and has a classic meltdown from here after a multi-pump day.
USDCAD
Sell/Short
Entry: 1.37887
Stop Loss: 1.38330
Targets:
TP: 1.36803
DAY TRADE/SWING TRADE
Risk: 2-5% of Capital
USDCAD : Short Trade , 1hHello traders, we want to check the USDCAD chart. The price has broken the ascending channel to the bottom and pulled back to the key level indicated. We expect this level to act as a resistance level and cause the price to fall. If the price cannot break this level and the price falls, we expect the price to fall to around 1.36500. Good luck.
Long Opportunity for USD/CADUSD/CAD is currently in an uptrend, and the analysis suggests a promising opportunity for a long trade. The key area to watch is the zone between 1.37863 and 1.37787, where there's a potential for a retest.
If the price revisits this zone and demonstrates a clear bullish bias along with entry confirmation, it presents an attractive long trade opportunity. The target for this trade is set at 1.38137, which corresponds to a daily resistance level.
Keep a close eye on price action to identify the entry confirmation, and if conditions align, consider taking a long position to potentially reach the 1.38137 target.
It's important to exercise prudent risk management and remember that trading carries inherent risks. This idea is not financial advice, so conduct your own research, evaluate your risk tolerance, and consider seeking guidance from a professional financial advisor if necessary.
USDCAD SELL | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity USDCAD
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USDCAD 27/10 Pair : USDCAD ( U.S Dollar / Canadian Dollar )
Description :
Completed " 12345 " Impulsive Waves at Daily Resistance Level. Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from the Upper Trend Line. We have CHoCH and Divergence in RSI
Entry Precaution :
Wait for the Proper Rejection or Breakout
USDCAD Buyers Are Strong? {26/10/2022}Educational Analysis says USDCAD may go long according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why long?
Broker FXCM.
After Ranging on the daily timeframe, A 4-hour time frame Made a Recent Upward Impulse Move that broke recent resistance and went for a new high,
Long setup after eating stop loss from Short Sellers,
Because USDCAD fair value gaps are unfilled in a 4-hour time frame.
The last Analysis is jointly connected in this updated one.
So, trade is already on with RR is 1: 22.01
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.
Happy Trading, Fxdollars.
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.
DeGRAM | USDCAD pullback tradeUSDCAD is currently trading in an ascending channel.
The market broke and closed above the consolidation zone.
Price pulled back to the kill zone: consolidation zone as support and fibo golden zone.
We anticipate a retest of the major resistance.
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USDCAD Detailed Analysis I 100 + Pip Move! Welcome back! Let me know your thoughts in the comments!
** USDCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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UsdCad- Constructive price action after 1.34 testRecently, UsdCad dropped under 1.35 support just to test the next important support from 1.34.
Since that low on 20 September, the pair started to rise again and now is trading back at the old support now resistance and important 1.35 figure.
The rise is painting an ascending triangle on our chart and this usually means up continuation.
A break above resistance would bring confirmation and the pair could rise back to test the 1.3650 zone.
A drop under 1.3450 would put the pair in a range trading mood.
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.