Hey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.34 zone, USDCAD was trading in an uptrend and successfully managed to break it out after a bunch of soft USD data including NFP, CPI and PPI which signal a pause of rate hikes from the federal reserve. A dovish fomc should be bearish on Dollar and bullish for stocks...
After price swept trendline liquidity at the top. it mitigated our POI and then gave us a break of structure to the downside with momentum. This symbolized that price has change direction back down and is looking to take liquidity at the bottom of the trendline.
Hey Traders, USDCAD is trading in a downtrend, and now seems to be in a correction phase in which it is forming a bear flag and approaching the weekly 1.353 zone, if we get a decent retrace i would consider downsides toward more lows. fundamentally CAD data this period were positive and USD environment signals a less restrictive monetary policy from the fed as US...
Hey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.34300 zone, USDCAD is trading in an uptrend and now seems to be attempting to break it out with current USD weak environment, if we get a decent breakout below 1.343 we will monitor a potential retrace of the trend.
Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.385 zone. USDCAD is approaching the daily supply zone of the trend, if the rejection is confirmed i would set 1.34 as a target as it's considered the next major support USDCAD will be facing. Fundamentally the last FOMC shows dovish sentiments of fed which is...
Hey Traders, USDCAD have attended an important weekly zone and now seems to be rejecting it. in tomorrow's trading session i will be watching a selling opportunity around 1.385 supply and demand zone at the trend, if CPI data on Tuesday comes above expectations i would expect a trend breakout as that signals more hawkish monetary policy and more of Dollar strength...
Hey Traders, USDCAD is approaching an important resistance zone at the top of the pattern, we will be considering a selling opportunity around 1.365 zone, USD environment is pricing too much strength in which we expect the market to go against retails. if we manage to get a dip below the pattern we will consider a retrace around 1.358 zone.
feel free to ask any...
Hey Traders, in tomorrow's trading session we are monitoring USDCAD for a selling opportunity around 1.345 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
Hi All,
we are looking at an H&S pattern on UC. CAD staying within the forecasted interest rate of 4.50%. BOC conference shortly, i expect price to continue downwards.
Entry, SL, at TP set.
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Many thanks
Hey traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.362 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe. Joe.
Hi All,
We opening a sell on Usdcad, as you can see we are still very much inside a sort of bullish flag, however with the weakness of $ and the break of support, which is now turned resistance couple with the bearish engulfing candle we are anticipating a further drop to 1.32 X and then 1.30 XX.
Entry, Sl, TP marked.
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Hey traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.354 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
Hey traders, in the coming week we are monitoring USDCAD for a selling opportunity around 1.36800 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.34 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
Hey traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.343 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
Hey traders, in the coming week we are monitoring USDCAD for a selling opportunity around 1.34 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
Hey traders, in this week we are monitoring USDCAD for a long term selling opportunity around 1.306 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
