USDCAD is at the bottom of a trading range and near the Weekly 200EMA which acted as good support in the last bull trend opportunity from July to October. Now that we're here, should we long? How do we trade this? 🤔 We almost have enough price action to justify a long entry. Longing now would be maximally risky because we don't have a good buy signal bar yet....
USD/CAD has finally broken out of the bear channel/bull flag and closed near its high on the Weekly chart. Current price is at 1.38750 with a nice gap to fill at the bear channel high of 1.40000. This is an ideal Daily or Weekly scalp, placing your stop below the channel top of 1.37000 or the Weekly 9EMA. That creates a Risk/Reward Ratio of 2:1, which means your...
As we can see Usdcad at Strong Weekly Demand Zone Also High imbalance in Buying Candles so I'm expecting to Fly Usdcad
after the change of structure and the breakout of structure we will see a reversal of the price to fill FVG fare value gap for a creation of the downtrend
I was contemplating to load up the CAD pairs but I changed my mind. The Loonie is clearly positioned for a major (continued) drop on the near term and thus, ALL CAD base pairs are very likely to under perform their USD cousins. Thus, back to the (previous) base case; (continued) Long USD and Short pretty much everything else . (...as far as the eye can see).
#USDCAD USDCAD is now quite BUY. The dollar started to strengthen slightly because of the short-term POSITIVE SENTIMENT for the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that...
#USDCAD USDCAD is now quite BUY. The reason is because OIL is slightly WEAK, CAD is WEAK and USD is slightly UP. The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK. And MARKETS RISK has been OFF again for this reason. But with RETAIL SALES, ISM...
#USDCAD USDCAD is going up quite a bit right now. That's because OIL is down quite a bit and POWELL'S HAWKISH COMMENTS UPDATES came. They have been working to make USD STRONG in recent days. Due to this reason, STOCKS can move DOWN SIDE if the USD becomes STRONG like this. Right now, there is a very good BUY towards the UPSIDE because US DATA and UPDATES...
Hey Guys! The Usd/cad's weekly bias is currently short. Or in other words, price is likely to reach 1.2400 before reaching 1.3075. In this post I explain what I'm looking for in order to enter this short set up. As well as what I'm looking for in order to confirm this weekly short bias. That's it! I'll keep you guys updated! Ken Disclaimer: This is not...
Hellooo...My Dragon Friends still in my old direction Lets see Happy Trading Smart Trading Money Management Risk Management Disclaimer On
BUY usdcad now AT : 1.2377 SL : 1.2270 TP : 1.2595 Good luck guys
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hellooo...My Dragon Friends USDCAD will go to around 1.2550-1.2575 Lets see Happy Trading Smart Trading Money Management Risk Management Disclaimer On
Hellooo...My Dragon Friends I see USDCAD will go to 1.2550 Lets See Happy Trading Smart Trading Money Management Risk Management Disclaimer On
Hellooo...My Dragon Friends My Last Week Target Achieve target. so for this week, lets see how strong this support trendline can hold. i try to buy it with TP at the resistance of the trendline. Lets See Happy Trading SMart Trading Money Management Risk Management Disclaimer On
Hellooo...My Dragon Friends I see USDCAD movement follow the trend line rule. and support line from the trend line is HARD to break. so my prediction still going movement follow the uptrend line. I will see must boost some uptrend if break my orange square. lets see Happy Trading Smart Trading Money Management Risk Management Disclaimer On
If you are daily trader, you have a plan on this pair. Happy trading and good luck. Leave comment below and don't forget like this idea. Cheers
USDCAD has create double bottom and located on strong support daily. let we see how DXY dominant on CAD. Like and comment below here.