USD/CAD is rising towards a resistance level which is a pullback resistance and could potentially reverse to our take profit. Entry: 1.3781 Why we like it: There is a pullback resistance level. Stop loss: 1.3828 Why we like it: There is a pullback resistance level which aligns with the 78.6% Fibonacci projection. Take profit: 1.3684 Why we like it: There is a...
The Loonie (USD/CAD) is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support. Pivot: 1.3780 1st Support: 1.3684 1st Resistance: 1.3830 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
USDCAD - 24h expiry The current move higher is expected to continue. Risk/Reward would be poor to call a buy from current levels. Short term RSI is moving higher. A move through 1.3750 will confirm the bullish momentum. The measured move target is 1.3780. We look to Buy at 1.3725 (stop at 1.3700) Our profit targets will be 1.3790 and 1.3810 Resistance:...
The Loonie (USD/CAD) is rising towards the pivot and could potentially reverse to the pullback support. Pivot: 1.3735 1st Support: 1.3664 1st Resistance: 1.3781 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all...
The USD/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.3750, positioned close to the breakout level....
The USD/CAD pair has reached the 1.3780 area of resistance, signaling a potential reversal. This comes in the wake of a robust Nonfarm Payrolls (NFP) report for May, which dispelled fears of a weakening labor market. The report indicated strong labor demand across all sectors and higher-than-expected wage growth. Market Dynamics 1. Strong NFP Report: The...
Hello Traders, In today's trading session, we are closely monitoring USD/CAD for a potential selling opportunity around the 1.37200 zone. Recently, USD/CAD was trading in an uptrend but successfully broke out of this trend. Currently, it is in a correction phase and is approaching the key retrace area at the 1.37200 support and resistance zone. This level is...
USD/CAD is trending lower during the Asian session on Wednesday, currently trading around 1.3750. This recent movement follows a notable reversal from the 1.3790 area, where technical indicators suggested a potential change in direction. Technical Analysis From a technical standpoint, the USD/CAD pair exhibited signs of overbought conditions around the 1.3790...
Hi. I think short from this level is worth a risk. After incredible dollar strength on Friday and multiple sweeps, major pairs fallen into demand zones, and because of big long positioning on canadian dollar for commercial banks, I am expecting USDCAD correction. My safe target is 1.371 - and this is where I am planning to close the position for this week. Play...
The Loonie (USD/CAD) is falling towards the pivot and could potentially bounce to the pullback resistance level. Pivot: 1.3735 1st Support: 1.3698 1st Resistance: 1.3780 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for...
USDCAD Next Sell opportunity 1.3783 - 1.3762 Target will be 1.3717 1.3649 Wait for confirmation.................... SL ( Set a uniform set of 15$ ) only for your reference and you can set it according to your free margin. Recommend stop 1.3849
USD/CAD is rising towards a resistance level which is a pullback resistance that lines up with the 138.2% Fibonacci extension and could potentially reverse from this level to our take profit. Entry: 1.3781 Why we like it: There is a pullback resistance level which lines up with the 138.2% Fibonacci extension. Stop loss: 1.3829 Why we like it: There is a pullback...
USD/CAD FX:USDCAD has been trapped into a curve, we can see few back and forth movements since last month. Since the NFP data was quite good, we believe the price will move another wave upward after some corrections. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other...
USD/CAD is falling towards a support level which is a pullback support and could potentially bounce from this level to our take profit. Entry: 1.3590 Why we like it: There is a pullback support. Stop loss: 1.3563 Why we like it: There is a pullback support level which lines up with the 100% Fibonacci projection. Take profit: 1.3658 Why we like it: There is an...
The Loonie (USD/CAD) has bounced off the pivot and could potentially rise to the 1st resistance level which is a pullback resistance. Pivot: 1.3661 1st Support: 1.3615 1st Resistance: 1.3723 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may...
USD/CAD has just reacted off the resistance which is a pullback resistance and could potentially drop from this level to our take profit. Entry: 1.3734 Why we like it: There is resistance level which is a pullback resistance that aligns with the 76.4% Fibonacci projection. Stop loss: 1.3762 Why we like it: There a pullback resistance level which aligns with the...
The USDCAD pair gave us a wonderful sell trade on our last analysis (April 17, see chart below) as we caught the exact moment of the rejection and reversal of the 4-month bullish trend: The price has now broken below not just the (dotted) Channel Up but closed below the 1D MA50 too, confirming the trend shift to bearish. As you can see on this 1W chart, the...
USD/CAD is rising towards a resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.3664 Why we like it: There is an overlap resistance which lines up with the 38.2% Fibonacci retracement. Stop loss: 1.3694 Why we like it: There is a pullback resistance level...