Pair : USDCAD ( U.S Dollar / Canadian Dollar ) Description : Bullish Channel as an Corrective Pattern in Long Time Frame Break of Structure RSI - Divergence Completed " 12 " Impulsive Waves Demand Zone
USDCAD has reached the retracement level of 78.6%. The price broke through the level of dynamic resistance, which will now act as support. The chart worked out the growth of the previously formed harmonic pattern "Bat". We expect a retest of the nearest level followed by a rebound from it. ------------------- Share your opinion in the comments and support...
USDCAD is moving in the local descending channel. The chart reacted 4 times with an immediate decline on reaching the upper boundary of the channel. The price is still under strong resistance coinciding with the 88.6% retracement level. We expect a pullback from the upper boundary of the channel. ------------------- Share your opinion in the comments and...
USDCAD has failed to break the resistance level more than 6 times. The price formed a bearish takeover from the level. We expect a pullback from resistance and a retest of the 50% retracement. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Hey Traders, Check out this technical analysis on USDCAD; it appears to be undergoing a small pullback, potentially indicating a rejection from the previous resistance area. provided that the resistance are is broken then we can assume for the continuation of the bullish momentum However, I would recommend waiting for a proper retest of the broken key level...
Hello Traders In This Chart Usdcad HOURLY Forex Forecast By FOREX PLANET today USDCAD analysis 👆 🟢This Chart includes_ (USDCAD market update) 🟢What is The Next Opportunity on USDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
12M/6M timeframe is a possible distribution Schematic that I think is currently in phase B. Phase C,D and E are yet to form. We shouldn't trade a distribution schematic till phase E but if a distribution Schematic 1 forms then we can trade phase C once a UTAD has been created(still risky and should wait for phase E as this is a more conservative approach). If no...
USDCAD made a double top at resistance in the ascending channel. It consolidated around the psychological level at 1.36000, then dropped below it. The market is consolidating at the D chart, and it created a bearish, engulfing candle. We expect a pullback from resistance and further moves south. ------------------- Share your opinion in the comments and...
In the 4-hour timeframe, USD/CAD exhibits a bullish trend, tracking within an ascending channel formation. Favorable entry points include buying after a breakout above resistance levels or upon bullish rejection near support levels. This strategy aligns with the upward momentum observed in the pair, potentially offering profitable trading opportunities.
Hello Traders, here is the full analysis. Price reversal going up, levels for BUY . USDCAD long ! Great BUY opportunity USDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I...
Short-term price action is leaning negative for the USD after spot peaked a little below 1.3615, close to where the USD has topped out a number of times since late February. Price action is bearish (an "evening star" candle pattern formed on the chart since late Friday) which should mean some corrective drift lower in in funds in the near term towards...
So to break this trade down down properly I started by looking on the daily time frame and saw there was a bullish liquidity purge, came down to our 1H time frame to confirm that we are indeed inside of a order block and to be clear about this particular setup its the "Holy Grail" or Elliot wave pattern. To see things a little more clear I've used the 15 or 5 MIN...
The analysis for USD/CAD (US Dollar paired with Canadian Dollar) indicates that the price is currently at a historical daily resistance level, ranging from 1.36000 to 1.36330. This level has served as a significant barrier to price movement in the past, suggesting a potential area of selling interest for the currency pair. To further support this analysis, data...
At the end of January we highlighted the potential for USD/CAD to retrace back to its 50% level and print a swing low. It worked out well - although the 1.36 target did not arrive as soon as hoped. Still, it reached that key level on Wednesday - and it is a level that remains of interest. Not only did prices fail to close above the 1.36 handle and weekly R2...
USD/CAD moves downward to near 1.3470 during the Asian session on Thursday, extending its losses for the second successive day. The Canadian Dollar (CAD) likely found support from rising Crude oil prices. West Texas Intermediate (WTI) crude oil prices edge higher, reaching close to $81.70 by the time of reporting. This increase may have bolstered the CAD, as the...
4h IFC (Institutional Funding Candle) made a new high & closed on the low. may short cmp with low risk. set sell limit order as well 1.3600. stop loss: 1.3620-25, target: 1.3480
Hello, traders here is an analysis of USDCAD as you can see the market has been neutral for the past weeks and months and now I am waiting for the market to decide on which direction it chooses. I have two decisions first, if the market decides to go up I will wait for It to break the resistance zone then retest it then I will look for buying opportunities, Second...
USD/CAD continues its upward trend for the fourth consecutive session, trading near the significant level of 1.3540. The US Dollar advances, propelled by higher US Treasury yields. Bond markets are facing selling pressure as additional signs of resilience in the United States economy emerge, prompting traders to revise their expectations for fewer interest rate...