The advent of the uptrendGiven the previous analysis and the fact that the price could not cross the range of 1.3037, we are going back to the uptrend scenario for this currency.In this scenario, the Ending Diagonal pattern has been completed in the range of 1.2994, and the uptrend has started, the uptrend will be confirmed by breaking the price in the range of 1.3162.
The least expected target of this uptrend is 1.3450.
Usdcadwavecount
USDCAD Sell Setup One H1 Time FrameThe USD/CAD has formed a 3-4 Setup One Short on the Hourly Chart
On the Daily, we can see its stuck within a tight range
That range is the Wave 4 of the D1. It's a Wave 4 within Bullish formation. So the breakout of the highs of the range will leave to Wave 5
Meanwhile, price is hovering near the Lows of the Range.
Drop the H1 chart and you find a Setup 1 short. But there are several options at hand ... lets watch the video
USDCAD approaching support, potential for a bounce!
USDCAD is expected to drop to 1st support at 1.29420 where it could potentially react off and up to 1st resistance at 1.30397.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD approaching support, potential for a bounce!
USDCAD is expected to drop to 1st support at 1.32844 where it could potentially react off and up to 1st resistance at 1.33732.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD approaching support, potential for a bounce!
USDCAD is expected to drop to 1st support at 1.33135 where it could potentially react off and up to 1st resistance at 1.33456.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
On my mother's grave - USDCAD will never break above $1.36664USDCAD will not break above $1.36664 because of no recent attempt to do so. The last time prices were that high was last june and they did not stick there for very long. I am goimg short on this one as i am following the primary movement of price. I have no confidence in this awaited Bullish breakout because prices have - most of the time trending below $1.13037, been trading between $1.33827 and $4.13037 and that is where prices are going at the moment.
USDCADOur preference: sales position below 1,2925 with targets at 1,2865 & 1,2830 in extension.
Alternative scenario: in excess of 1,2925, aim for a continuation of the rise with 1,2950 & 1,2970 in line of sight.
Comment: as long as 1.22925 is not exceeded the risk of a depression of 1.2865 is important.
USDCADOur preference: position bought above 1.3220 with targets at 1.3300 & 1.3345 in extension.
Alternative scenario: in break of 1.3220, a continuation of the decrease will be envisageable with 1,3185 & 1,360 in line of sight.
Comment: The RSI is bullish and militates for a continuation of the rise.
USDCAD W LONG TERM TECHNICAL ANALYSISWe see the price move between the range of 1.280 to 1.360 for few more weeks and than a big upward move to 1.450 level - We have to see the price action on the lower frame charts to analyze the short term trade setup - But, In longer term we are LONG on this pair.
USDCAD Long (Another Trade confirmation)Another confirmation to go long, nice levels
Disclaimer:
This does not represent a trade signal, or constitute any form of Investment advice. but rather my ideas on how i view the markets, I am not responsible for any losses or gains made from this. Please use your own discretion
USDCAD Roadmap For Second half of 2016Hello traders,
I hope you are all enjoying your weekend off!
If it breaks the bullish wedge I will look for buys , for now I am more incline to bearish camp so still looking for sells.
Remember to use good MM. Trade carefully.
Thank you for your support.
www.tradingsignalreviews.com
USDCAD BUYGoing Long on Point B(1.3055) , or better yet for double confirmation go long on 1.29489 Both are excellent places for longs. The Monthly uptrend is still intact . SL @ 1.29215 Targeting point C.
Crude Oil is in a declining state and Gold and Silver will follow BRENT as well.
USDCAD Long
Disclaimer:
This does not represent a trade signal, or constitute any form of Investment advice. but rather my ideas on how i view the markets, I am not responsible for any losses or gains made from this. Please use your own discretion