The pair is trading in a downtrend, following the general dollar decline in the recent months. However, each pair has its own limits and not all of them can strengthen towards the dollar indefinitely for a number of reasons. Some will stop appreciating sooner than others.I do not want to say that USD/CAD is now suddenly in an uptrend, no. The message above...
💬 As confirmed coronavirus cases ticked up in the US at a faster rate than in the other countries shown on the chart (a selection of EU countries Germany, Italy and Spain, the UK, Canada, and China) we have seen a subsequent weakness in the US dollar compared to the currencies of those countries (as seen by EURUSD, GBPUSD, CADUSD, and CNYUSD). As you can see...
Good Morning, After CAD/USD broke out of the descending trend line I had on my last chart it seems like now it could be forming a descending channel. Price is approaching a key S/R zone and also the top of the channel, it looks like currently price is bouncing downwards off this but we will have to wait for the 4hr close. Once we have confirmation this could be...
Good Morning, For this pair it seems price might be bouncing off the descending trend line and if we get confirmation of this I will go short, however if price breaks above this descending trendline then I will wait for a retest before potentially entering long. - Both TP's are shown at the two next key support levels - I expect price to either bounce off the...
Hello, trader. USDCAD is forming ascending wedge on the daily chart with a clear bearish trend with higher lows and lower lows. The target is on the important support level. Push the like button and follow us on TradingView
Good Afternoon!, I have been watching and waiting for the price to move back up to the descending trend line and it seems its on its way their now, above in the chart you can see the short term descending trend line and long term ascending trend line are lined up nicely and it seems price should move back down before either bouncing off the ascending trend line...
The pair is moving nicely along the upward trend-line support. A small local resistance confirmed breakout signals us that the bullish continuation to be expected. Two possible targets. First one-weak resistance-used to be support. Next one-strong level. Thank you for likes, comments and subscriptions beforehand. Wish you a great day, friends!
Signals 19.05.2020 Hey guys, today we’ll be looking at the top seven ideas for the next market session. Let us kick off with EURUSD. It’s looking very bullish. If we take a gander from a higher timeframe, we can see an important resistance level around 1.10 So let’s drop back down to h1, if the price goes into that level, that’s going to be our entry point ...
Hello guys! This is continuation of the mid term analysis. I think price can go up to 1.42 in short-term but then can drop to strong support zone at 1.34. Simply follow your risk management. But this pair is risky on my opinion. Please don’t follow any analyst blindly. If you following somebody with good Risk/Reward and Win Ratio. Without risk management...
you seen in here first. Lets test the all time low.
Looks like the US is doing a temporary border closing. In conjunction with a flight to safety (USD Index at all time highs), it's a brutal move for USDCAD. 2016 highs being re-tested here. I'd say you have to take the other side of this (Long CAD) as there will be a retrace back to normalcy. Trade to continue between countries.