Hello,Friends! USD/CAD is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a classical trend following opportunity for a short trade from the resistance line above towards the demand...
✅USD_CAD is already making A good pullback from the Horizontal resistance of 1.3612 So I am locally bearish biased And I think that we will see A further bearish continuation SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
In the one-hour timeframe, the price has reached a support range. We have to wait for the news results. If the news is positive, this level will be broken.Which is likely to be the case.
Hello,Traders! USD-CAD went up sharply But then hit a horizontal Resistance level of 1.352 From where we are already Seeing a bearish reaction And I think that the pair Will go further down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Friends! USD/CAD pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.327 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Please, check our technical outlook for USDCAD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.337. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.332 level. P.S Overbought...
Here is our detailed technical review for USDCAD. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.316. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.306...
Hello,Friends! The BB upper band is nearby so USD/CAD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.309. ✅LIKE AND COMMENT MY IDEAS✅
H4 - Bearish trend pattern. Lower lows. Currently it looks like a pullback is happening. Until the two strong resistance zones hold my short term view remains bearish here.
Possibilities of price reversal from resistance areas
Here is our detailed technical review for USDCAD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.349. Considering the today's price action, probabilities will be high to see a movement to 1.340. P.S Please, note that an oversold/overbought condition can last for a...
Hello,Traders! USD-CAD is retesting a resistance From where we are already Seeing a bearish reaction So I think that we will see A local move down Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
H4 - Price has broken below a strong support zone. After the breakout this strong support zone is acting as a strong resistance zone for us. Lower lows. Until the strong resistance zone holds I expect the price to move lower further in the short term after pullbacks.
Price is on order block and touching the upper line of triangle and should fill the Gap
USDCAD we found Distribution Schematic # 1 + posible it may complete our Harmonice (Crab Pattern) like follow plz not financial advice
Hello,Traders! USD-CAD was trading in an uptrend For a long time and the pair was Clearly overbought so after the pair Established a triple-top pattern The price went down and broke The local key level signifying The beginning of the bearish correction Which I think will continue Sell! Like, comment and subscribe to boost your trading! See other ideas...
✅USD_CAD went up to retest a horizontal resistance Which makes me locally bearish biased And I think that we will see a pullback And a move down from the level Towards the target below SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hey traders, in the coming week we are monitoring USDCAD For a selling opportunity around 1.31 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.