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USDCAD - Free Trade Analysis Breakdown. Welcome traders to a free analysis breakdown. Today I am highlighting possible trades on USDCAD, if you any questions on the pair let me know in the comment section below. I will be looking to take a trade on the pair if our trading rules are met over the next few days. I would suggest keeping this pair in your watchlist to see if your own rules are met. If you take a trade from the analysis in the video leave a comment in the section below. I would love to here how your trade went. On behalf of Alpha Trading Group, Trade safe and ill see you all in the next video.
by AlphaTrading-Group
USDCAD - Trade Idea USDCAD - We can see the high amount of rejection from 1.3400 key level. The only thing stopping the swing trade to the upside is the resistance level at the fib. We can short from here back to the downside with the trade if we get rejection price action. However if the pair breaks for the reasons highlighted in the chart we could be in for a nice long trade. Once the pair give us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this chart helpful furthermore, I hope it brings value to your trading. If you did like this free educational chart please like and follow the channel, there is lots more valuable content right around the corner. Trade Safe Alpha Trading Group.
by AlphaTrading-Group
Will the Loonie rally continue??Hello Traders, The USDCAD looks to continue its move lower with upcoming employment numbers out of the US and Canada. The USD has been weak with the world economy re-opening and it appears this trend is going to continue. From a technical viewpoint, Hidden Bearish Divergence is forming on the 4H MACD/Price Chart. On the 2H, the Hidden Bearish Divergence has already formed. From a Daily perspective, the price was rejected off the 240-LMA on the prior candle. I will be watching the Daily chart to see if the price is rejected at the 240-LMA again later this evening. Thanks for reading. If you liked my analysis, please give me a follow. *The above is not investment advice but simply my analysis of the current market conditions*
Short
by pofseur
USDCAD LongUCAD is in a clear sell on the weekly timeframe. However, the daily MACD shows the moving averages touches with a possible crossover to the upside. The 4hr shows a slight move to the upside but closely approaching the 50EMA zone at 1.311. Will look to see what price does here. Will take long position if price breaks the EMA and retests. Also, divergence on the 4HR starting at 062019 til current. Price has broken the 1HR and 15MIN EMA's but has not retested, therefore this breakout could be a fakeout. Will continue to watch price.
Long
by kmoore21
Change in market structure# Price has failed to continue making higher highs # After the last bearish move price has pulled back to and pinned the 1.34505 level # Bearish engulfing completed on D1 time frame # Moving average providing resistance as price struggles to break through Selling at market price 1.33759 with # SL above the bearish engulfing high @ 1.34505 and #TP lower down around support @ 1.31816 To learn the dynamics behind the analysis, please join my mailing list using the link below zc.vg As usual don't bet the farm. Good risk management won't kill you but the lack thereof could!
Short
by Cmasterza
USDCAD Trade Idea# Classic breakout and retest setup. Resistance popped and price came back to test as support and print a hammer (buy signal). If you switch to the daily time frame and look at the previous high its a long way to go, so with 163 pip reward the cost of opportunity of 30 pips sure is worth it! # I have bought at market price 1.34834 # Stop loss 30 pips below the hammer @ 1.34537 # Take profit at previous swing high seen on D1 @ 1.36465 As usual don't bet the farm, good risk management won't kill you but the lack thereof could :) Follow me in Forex Bootcamp using the Telegram link below for real time updates
Long
by Cmasterza
USDCAD Trade IdeaI am only looking to buy as I can see the market is currently bullish on the weekly and daily time frame. The last bullish impulse move took place and I want to see if the pullback is a correction by testing the 61.8% fibo level. IF a buy signal prints on the 61.8 retracement level (1.32611) I will open a buy order with my stop below support and targeting resistance. Don't bet the farm - always exercise good risk management :) Hit the like button if you dig it and feel free to share if you feel like it.
Long
by Cmasterza
USDCAD TA 1/7/19 SHORT to 1.28 updateUSD/CAD has broken through the ascending trend line. This is still looking like a great short. Im still personally waiting for a retest of the trend line before entering this trade. If we retest and the trend line holds as resistance then I believe 1.32 will be met very quickly, I feel long term we could be seeing this pair come all the way down to 1.28 You could take a long right now but I am currently in some amazing trades so I am going to be patient and wait for a better set up Target : 1.28 Let me know what you think!
Short
by Layne_LV