USDCAD trading in a descending channel price rebounded from key level around 1.3350
price below SMA 100
MACD shows weakness of bullish momentum
RSI below 50
so its expect bearish momentum to channel support and support level around 1.3100
Hello Traders! in my Previous USDCAD post i gave sell from 1.3530 and Target was 1.3230 and It Hit the exact figure of my target. This was the same strategy that i used in EURUSD and AUDUSD trades in last month which gave us huge pips with perfect entries(I have added the carts below).
After hitting the target i waited for triangle pattern to trade upmove now you...
good morning traders i am looking to try trade a pivot point on the usdcad. i am looking yo be one of the first buyers on usdcad and i would really like for a clear bull push to the up side from the long standing demand zone we are currently in and i am going to be going long and i will be treating this trade as a swing trade so it may take a week or two to play...
This currency pair is just on the brink of breaking down, or maybe hold the trend line and bounce big time in line with DXY. They move together very nice correlated.
We need a monthly close to take any SELL action below the main trend line.
Again in line with the rest of important pairs EURUSD, GBPUSD, and DXY we have to wait a little bit and see what the market...
Overall, USD/CAD is trending downwards. Recently, USD/CAD broke the support zone of 1.33500.
The Canadian Housing Starts data (Actual: 246K, Forecast: 208K, Previous: 212K) released yesterday indicated an increase in the number of residential buildings that began construction.
Currently, USD/CAD is testing the resistance zone of 1.33500 and the next support zone...
The pair will break down from its current support line, sending the pair lower towards a major support line. Canada added 418,500 jobs in July, which represents 55% of lost jobs during the pandemic. This result is expected to help the Canadian dollar to continue its stellar performance against the US dollar in the coming sessions. On the other hand, the United...
- Price correcting after breaking our resistance trendline , we are now expecting a bigger move to the upside after the touch.
- In case price breaks, we would look for a new long at our supportive zone.
- Preço a corrigir após quebrar a nossa resistance trendline , estamos agora a aguardar por um movimento maior para cima, logo após o toque na...
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
we bagged 181.1 pips profit. as oil prices increased. wish you guys have a wonder trade in this pair
this was a nice breakdown. look the previous video on the breakdown. so you could understand my perspective