USDCAD at 4h time frame FVG taken just we need Waite for bullish price will rise to 1.35400
It's so obvious from what we have on the higher TF (H4 specifically) that we haven't had a change in the market structure being built up until now. We've been moving in a continuous downtrend characterized by the numerous lower lows and lower highs built... It is therefore only wise to look out for sell opportunities in the USDCAD market for the next 2 to 3 days...
USDCAD closed, testing a solid horizontal daily supply zone. Analyzing a 4H time frame, I spotted a potential head and shoulders pattern on that. To short the pair with a confirmation next week, pay close attention to the neckline of the pattern. If the price breaks and closes below 1.3548, we can anticipate a bearish movement to 1.35 Alternatively, a...
Thinking we're starting to see JPY strength, this is because it can't stay so weak for so long imho. Weak currency suits Japan as an exporter, to a point, but massively affects it's buying power, I do feel like we're approaching the end of this cycle of Yen weakness, by the end of this year. I think this pair broke the rising trendline but has struggled to get...
Here is my latest structure analysis for USDCAD. Resistance 1: 1.3684 - 1.3695 area Support 1: 1.3475 - 1.3508 area Support 2: 1.3358 - 1.3390 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
RESISTANCE @ 1.3573 SLO @ 1.3570 ⏳ TP1 @ 1.3485 TP2 @ 1.3305 TP3 @ 1.3175 TP4 @ 1.2975 SUPPORT @ 1.2925 BLO @ 1.2810 ⏳ — PA on this pair has been insane — ALL three of our TPs were triggered, but ironically it retraced so hard that it returned higher than TP1 — Well, it's time to get paid for the second time. — Here's a new SLO
I'm preparing for the possibility of another uptrend breakout. PA on the USDCAD appears to want to push higher. TP @ 1.3725 BSO @ 1.3575 ⏳ BSO @ 1.3555 ⏳
Hey Traders We have a trading opportunity here, Let's see those reasons,,,, Daily chart Daily candle did not close above the resistance area and forming a nice rejection Hourly chart Market formed a Double Top pattern and retesting resistance area We have multiple targets Trade safely with money management Be happy If you agree with our...
RESISTANCE @ 1.3354 SLO @ 1.3340 ⏳ TP1 @ 1.3333 (closing ALL Buy Orders) BSO @ 1.3265 ⏳ (pending) SSO @ 1.3245 📉 (triggered) SUPPORT @ 1.31175
-SL @ 0.9945 🚫 SLO @ 0.9866 ⏳ TP4 @ 0.9800 (closing ALL Buy Orders) TP3 @ 0.9625 (shaving 25%) TP2 @ 0.9340 (shaving 25%) TP1 @ 0.9150 (shaving 25%) BSO @ 0.8890 ⏳ -SL @ 0.8800 🚫
Commodity Currencies Still Vulnerable Danske expects that both the Bank of Canada and Federal Reserve will hold rates steady over the second half of 2023. It does, however, consider that market pricing is more out of line for the Federal Reserve than the Bank of Canada which will lead to a weaker bias for the Canadian currency against the US...
USDCAD is approaching a key daily structure resistance. Taking into consideration the fact, that the pair is trading in a bearish trend, we may say a bearish reaction from the underlined area. To confirm that, watch a rising trend line on 1H time frame. If the price breaks and closes below that, it will confirm the strength of the underlined structure. A...
• Bearish picture still intact for the US dollar against the Loonie • The ascending trend line since June 22 has been successfully broken recently with several daily closes already below it • Recent rally is attributed to a short term Dollar correction • Bulls might re-test the trend line support turned into resistance line • If they are able to break above it,...
Now we are in a downward dynamic channel where the price has shown weakness near the middle line of the channel. I predict that probably this weakness has the ability to reduce the price until near the bottom of the channel. Oscillators also confirm this weakness, and this means reducing the market's tendency to increase the price.
Price have been bearish and in response with the trend, I expect price to head back to it's resistance zone, and go bearish to 1.32260. We also have a bearish analysis which I will link to this that shows a bearish movement that we are expecting.
🍁USD/CAD Continuation of Declines 🍁 Nearest strong support zone: around the fibo level of the 0.618 wave from the bottom to the local peak. 🍁 Nearest strong resistance zone: around the 0.382 level of the same wave. 🍁 Technical environment: - Moving averages: Downtrend - MACD: Downtrend - RSI: Downtrend 🍁 Price action: after yesterday's price rise near the...
🍁USD/CAD Ready For New Local Highs 🍁As I wrote yesterday I expect the upward movement to continue: 🍁There was a beautiful realisation of my upward scenario today. 🍁We found local resistance at 0.618 of the entire downward wave. 🍁Looking at another attempt to break through this level and the dynamics of the candles the breakthrough looks very...
USDCAD - Intraday - We look to Sell at 1.3600 (stop at 1.3700) Previous support located at 1.3500. Previous resistance located at 1.3600. Broken out of the triangle formation to the downside. Risk/Reward would be poor to call a sell from current levels. Our profit targets will be 1.3400 and 1.3350 Resistance: 1.3600 / 1.3650 / 1.3700 Support: 1.3500 /...