USD/CAD is moving inside of a channel. USD/CAD has a nerve-wracking move these days, a noisy and back-and-forth move, if you are a scalper, it is a paradise for you but if you are not it's an eye sore. FX:USDCAD Anyway, in the chart we can see a big Liquidity zone in 1.36200-1.36400 and still untouched. We believe the price will eventually magnet to this...
Price is rising towards a pullback resistance level and could reverse from this level to our take profit Entry: 1.35842 Why we like it: There is a pullback resistance Stop loss: 1.36139 Why we like it: There is a swing high resistance Take profit: 1.35558 Why we like it: There is an overlap support that aligns with the 50% Fibonacci retracement Please be...
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 is in a correction phase in which it is approaching the trend at 1.34900 support and resistance area. Trade safe, Joe.
Hey Traders, Check out this technical analysis on USDCAD; it appears to be undergoing a small pullback, potentially indicating a rejection from the previous resistance area. provided that the resistance are is broken then we can assume for the continuation of the bullish momentum However, I would recommend waiting for a proper retest of the broken key level...
USD/CAD H1: Ascending Triangle Hints at Potential Downturn, Shorting Opportunity Emerges! The USD/CAD pair on the H1 timeframe presents a potential selling opportunity due to the presence of a well-defined ascending triangle pattern. While ascending triangles can be continuation patterns, a breakdown from this pattern, especially on higher timeframes like H1,...
Hey Traders, in the coming week we are monitoring USDCAD for a buying opportunity around 1.34900 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.34900 support area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.35700 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.35700 support and resistance area. Trade safe, Joe.
My analysis on USD CAD, I use limit orders so I don't need to be in front of the chart all day. To consider this a good entry there are certain criteria to follow: 1. Clean BoS with IMB. 2. * Look for areas where liquidity has been purged. 3. * Stochastic: long trades 0-15, in short trades 85-100. ( * ) = Not optional but increases our probability. I use...
Hey traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.35600 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.35600 support and resistance area. Trade safe, Joe.
My analysis on USD CAD, I use limit orders so I don't need to be in front of the chart all day. To consider this a good entry there are certain criteria to follow: 1. Clean BoS with IMB. 2. * Look for areas where liquidity has been purged. 3. * Stochastic: in uptrend 0-15, in downtrend 85-100. ( * ) = Not optional but increases our probability. I use Fibonacci...
Hey Traders. in today's trading session we are monitoring USDCAD for a buying opportunity around 1.34700 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.34700 support and resistance area. Trade safe, Joe.
USDCAD is almost neutral on its 1D technical outlook (RSI = 55.021, MACD = 0.001, ADX = 15.874) as the price has been mostly ranging within the 0.5 - 0.618 Fibonacci zone for the past two months. The 1D MA50 held and the push crossed over the 1D MA100 again, so on the short term we expect a HH on the 0.382 Fibonacci (TP = 1.36400). After that test, the price...
Hey Traders, in today’s trading session we are monitoring USDCAD for a buying opportunity around 1.34100 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which t is approaching the trend at 1.34100 support and resistance area. Trade safe, Joe.
The USDCAD pair gave us a strong buy signal last time we traded it (February 09, see chart below) but was rejected right under the 0.618 Fibonacci retracement level: A similar rejection happened on December 07 2022 and April 25 2023 which resulted into a sell-off to the lower Support Zone. Even though the medium-term pattern is a (dashed) Channel Up, the...
Hey Traders, in the coming week we are monitoring USDCAD for a selling opportunity around 1.35400 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.35400 support and resistance area. Trade safe, Joe.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 Here is a detailed update top-down analysis for #USDCAD. USDCAD is hovering around the lower bound of the wedge pattern. So we will be looking for trend-following buy setups on lower timeframes. 📚 Always follow your trading plan regarding entry, risk management, and trade...
Hey Traders, in today’s trading session we are monitoring USDCAD for a buying opportunity around 1.35700, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.35700 support and resistance area. The current scenario suggests a disinflationary trend in Canada when examining inflation and wage dynamics....
USDCAD 1H The pair moved with horizontal resistance level. 1.3275 We can see the price had a fakeout. 2 Times retested with support. The best way to use this opportunity is to place a Buy order with, 🗣 BUY ORDER AT 1.358300 🗣 TAKE PROFIT 01 1.36000 🗣 TAKE PROFIT 02 1.36300 🗣 STOP LOSS AT 1.3530 The upcoming news will not influence your orders within the...