HELLO TRADERS As i can see this pair is holding a strong support zone and looking to test these design levels these trades are based on technical and fundamental its just a trade idea make a proper analysis before entering any trade share ur thoughts with us Stay Tuned
The USDCAD pair hit both of our targets on the sell signal we gave a month ago (July 25, see chart below) as it is currently on a 4-week red candle streak: We now start switching to a bullish medium-term strategy as we get clear signals of a pending trend reversal. The price isn't only on the 0.618 Fibonacci retracement level from Support 2 but the 1D RSI...
USD-CAD is falling down To retest the horizontal Support of 1.36058 but its A strong key level so after The retest we will be Expecting a rebound and A local move up !
The USDCAD pair is on the 2nd strong green 1W candle, following the rebound on the 1W MA50 (blue trend-line) and is approaching Resistance 1 (1.39000), the October 30 2023 High. This is technically the most optimal sell opportunity on a 1-year basis. The short-term Target is the 1W MA50 (blue trend-line) on a potential contact with the 0.382 Fibonacci retracement...
The USDCAD pair gave us a wonderful sell trade on our last analysis (April 17, see chart below) as we caught the exact moment of the rejection and reversal of the 4-month bullish trend: The price has now broken below not just the (dotted) Channel Up but closed below the 1D MA50 too, confirming the trend shift to bearish. As you can see on this 1W chart, the...
The USD/CAD pair faces headwinds due to a strengthening Canadian dollar fueled by rising crude oil prices. This week's release of April employment statistics and Canada's Ivey PMI will provide insights into inflation and economic trends. Additionally, Fedspeak from Thomas Barkin and John Williams will be monitored closely. Recent US data suggesting a cooling labor...
The USDCAD pair hit our 1.36200 Target (February 09, see chart below) and even broke above the Symmetrical Resistance Zone: The price now sits at the top of the 2024 Channel Up, a similar pattern with the July 14 - November 01 2023 Channel Up. In fact the pair is approaching that November 01 High (Resistance 1) and being at the same time on an overbought 1D...
Towards the end of last year, FX:USDCAD found itself testing the crucial support zone at 1.32. Subsequently, the pair reversed its course and, as of the beginning of February, has been consistently forming higher lows on our daily chart while pressing the significant resistance level at 1.36. I anticipate that this resistance will ultimately be breached, paving...
HELLO TRADERS As I can see USDCAD is still looking for Strong Support Zone for making a new high this week CPI and US inflation data can give us these move our risk reward ratio is great on this trade its just a trade idea share Ur thoughts with us it helps many traders Stay tuned with us for more updates!
The USDCAD pair gave us a strong buy signal last time we traded it (February 09, see chart below) but was rejected right under the 0.618 Fibonacci retracement level: A similar rejection happened on December 07 2022 and April 25 2023 which resulted into a sell-off to the lower Support Zone. Even though the medium-term pattern is a (dashed) Channel Up, the...
A double top formed this month around a 50% retracement level on the daily charts ahead of its latest pullback. And it is interesting to note that the market tends to react around the 50% level. The double top could actually be part of a 3-wave retracement, and that retracement could be nearing completion. We saw a strong rally into the January high, hence the...
On our last USDCAD analysis (December 01 2023, see chart below), the price action gave us an excellent sell entry that easily hit our 1.3400 target: The pair has since rebounded above both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). We expect the 1D MA50 to hold and deliver a new short-term rebound towards the 0.618 Fibonacci level (Target...
HELLO FRIENDS As I can see USDCAD is trading inside a bearish channel and already created a fakeout now its testing channel border line can create double top on smaller TF which will indicate to enter in a sell entry our risk and rewards are fantastic on this pair let stay as a sniper when it come in our range we will enter and will hold till design level friends...
Have you seen that major resistance on AUDNZD. After its test, the price formed a double top pattern and was strong rejected. We can anticipate a retracement from the underlined area at least to 1.073 level. ❤️Please, support my work with like, thank you!❤️
The USDCAD pair hit today the 1D MA200 (orange trend-line) for the first time since September 29. This comes after the November 01 top rejection marginally above Resistance 1 (1.38645) got accelerated by breaking below the 1D MA50 (blue trend-line). With the 1D RSI close to the 30.00 oversold barrier, we see an uncanny resemblance with the March 10 - April 03...
The USDCAD pair is making Higher Highs within the medium-term Channel Up as presented on our most recent idea (see chart below): As the price is extending its rise, we shift to the 1W time-frame in order to present to you one of the strongest bullish signals on a quarterly horizon. As you can see the pair broke above the (dotted) Channel Down, which on a...
The USDCAD pair is trading within a Channel Up supported by the 1D MA50 (blue trend-line). The current bullish leg started after a 1D Golden Cross and is half-way towards pricing a new Higher High. We are already bullish on this pair but the recent rebound indicates that another buy can be added now. Our target is 1.39800 (Resistance 2), which makes a Higher High...
Hello dear friends I hope we start a very good week. There is a good position in the currency pair of the US dollar to the Canadian dollar And I drew two movement patterns for this currency pair. In short, this currency pair has weekly and daily resistances, and due to the decrease in momentum, we can think about short trades. If the drawn trend line breaks...