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Usdcadsignal

USDCAD : Long Trade , 1hHello traders, we want to check the USDCAD chart in the 1-hour time frame. The price has broken the descending channel upwards and then pulled back to the key level between 1.32200 and 1.32300. We expect this level to act as a support level for us. perform and maintain the upward trend of the price. If the price increases, we can expect the price to grow up to the next key level, i.e. up to the price of 1.33500. If the upward trend is strong, the next target that can be envisioned for the price It is 1.34600. Good luck.
Long
by mrAT_Trader
USD/CAD breaks to a 9-month low, 1.3000 in focusCanadian consumers want to have their inflationary cake and eat it, with a hot retail sales report bolstering bets that the BOC could hike again at their next meeting in July. Whilst a hike is not yet a given, the BOC did deliver a hawkish hike earlier this month - and with consumers continuing to spend, it keeps the pressure on the BOC for further hikes. Yet a weaker USD - seemingly on the back of Jerome Powell's testimony not being hawkish enough - helped USD/CAD break to a 9-month low. The daily chart shows that is closed near the lows of the day after falling through a major zone of support. It's interesting to see the daily low found support at the September VPOC (point of control), so perhaps we'll see a minor bounce before losses resume in the direction of the breakout. The bias remains bearish beneath 1.3270, but we'd prefer to seek bearish setups o lower timeframes beneath Tuesday's low to increase the potential reward to risk ratio But if bears maintain their grip on USD/CAD, a break to new lows brings the 1.3000 handle into focus over the coming weeks.
Short
by CityIndex
USDCAD ____ INCOMING BULLISH MOVEHello Traders, USDCAD has been on my radar for a while now. It has entered a key demand zone. However, It is our job to monitor how it trades lower to track when the bullish move will begin. If you look at the dollar index, you will notice it has shifted from the daily bearish move to the bullish structure. But USDCAD is yet to. This simply means that there is a divergence/manipulation at play and at some point, the shift from bearish to bullish structure will occur. Follow me to see my post on more pairs under my radar. Cheers, Jabari
Long
by jabariofafrica
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