Today's NFP report will be the main reason for smart money to push USDCAD up. We already see positive bullish signs on 4H. I believe that the pair will grow. Target level - 1.35 Please, support my work with like!
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.35800 zone, USDCAD is trading in an uptrend and currently seems to be in a correction phase in which it is approaching the major trend at 1.35800 support and resistance zone. Trade safe, Joe.
Cette paire semble continuer sa remontee. La tendance est donc haussière.
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.35500 zone, USDCAD was trading in a downtrend and successfully managed to break it out, currently USDCAD is in a correction phase in which it is approaching the retrace area at 1.35500 support and resistance zone. Trade safe, Joe.
I will wait for a pullback and place a buy limit order at 1.35561. Remember: Take some profits if the trade is going as planned and move your SL to entry.
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.35600 zone, USDCAD was trading in a downtrend and successfully managed to break it out after a bunch of positive USD data. currently we are waiting for a correction to see a potential retrace of the trend towards more upsides. Trade safe, Joe.
Possibilities of price reversal from resistance areas
Hey Traders, in the coming week we are monitoring USDCAD for a buying opportunity around 1.34600 zone, USDCAD is trading in an uptrend and currently seems to be in a correction phase in which it is approaching the major trend at 1.34600 support zone. Trade safe, Joe.
USDCAD is stuck in between the 1D MA200 and 1D MA50, inside a Triangle pattern. The 1D timeframe is naturally neutral technically (RSI = 51.593, MACD = -0.003, ADX = 11.724) since the price is in the middle of the pattern and that recent rebound on the bottom of the Triangle is the last buy opportunity before it hits the top (LH trendline) again. We are long...
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...
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.34 zone, USDCAD is trading in an uptrend and currently in a correction phase in which it is approaching the major trend at 1.34 support and resistance zone. Trade safe, Joe.
Fundamental Backdrop The Trimmed CPI y/y dropped from 4.4% to 4.2%, which shows that inflation is dropping. This could lead the central bank to lower interest rates Technical Confluences Resistance at 1.35200 Support at 1.34100 Idea With the CAD expecting to weaken, I'm looking for price to possibly head back up to retest the resistance at...
-SL @ 1.36681 🚫 SLO2 @ 1.3620 ⏳ SLO1 @ 1.3525 ⏳ (half position) TP1 @ 1.3350 TP2 @ 1.3215 TP3 @ 1.2980 TP4 @ 1.2833 BLO @ 1.2795 ⏳ -SL @ 1.27278 🚫 00:00 PRE CAD NEWS 00:58 Boost, Follow, Comment, Join 01:40 Technical Analysis 02:54 Fundamental Analysis 05:42 Curve Analysis 07:42 News Anticipatory Trend 08:08 Risk-to-Reward 09:44 LIVE STREAM @ 05:15 PT / 08:15 ET 🔥
-SL @ 1.36681 SLO2 @ 1.3620 (conservative) SLO1 @ 1.3525 (aggressive) TP1 @ 1.3350 TP2 @ 1.3215 TP3 @ 1.2980 TP4 @ 1.2833 BLO @ 1.2795 -SL @ 1.27278 TECHNICAL ANALYSIS: Although, the pair is currently trading above the 200-day moving average, which is a bullish signal, Price Action for USDCAD is sideways. This range is a strong indication that it is...
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.34900 zone, USDCAD is trading in an uptrend and currently seems to be in a correction phase in which it is approaching the major trend at 1.34900 support and resistance zone. Trade safe, Joe.
Hello Traders After a 5-wave bearish impulse, It is possible that USD/CAD is forming the correction wave C. But if the price breaks below the redline our view will be invalidated. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and...
USDCAD, has corrected significantly from the 1.36 peak. And it looks like its eyeing to attempt to do a reversal to the upside as a breather wave before doing another correction. an intraday quick opportunity. Spotted at 1.335 TAYOR.
USDCAD is inside a Triangle pattern that started forming since the October 13th 2022 High. The latest hit on its bottom (leg 4) is what is pushing the price upwards today so aggressively. So far all legs have been symmetric with the 1st phase (1 through 4) inside the Triangle and leg 4 targeted previously the 0.786 Fibonacci. Trading Plan: 1. Buy on the current...