HELLO FRIENDS As I can see USDCAD is trading inside a bearish channel and already created a fakeout now its testing channel border line can create double top on smaller TF which will indicate to enter in a sell entry our risk and rewards are fantastic on this pair let stay as a sniper when it come in our range we will enter and will hold till design level friends...
The USD/CAD pair struggles to capitalize on Friday's bounce from the 1.3320 area or its lowest level since November 25. We can summarize that USD/CAD is in a strong downtrend inside a compression area where the price may follow the primary trend and continue at a bearish rally. We are looking for a Bearish setup.
Hi traders, USDCAD is setting up for a downside move i am expecting from price to come around our mentioned pattern completion area and looking price action on the top for a short position opportunity. Trade with your own according strategy GOOD LUCK.
Hi traders, USDCAD is setting up for a downside move i am expecting from price to go our mentioned pattern completion area and looking price action on the top for a short position opportunity. Trade with your own according strategy GOOD LUCK.
usdcad is holding those highs nicely even after big news from dxy that was postive now since oil is shooting up it makes cad strong so if dxy retraces down we could see a fast move down from usdcad
#USDCAD USDCAD is going up quite a bit right now. That's because OIL is down quite a bit and POWELL'S HAWKISH COMMENTS UPDATES came. They have been working to make USD STRONG in recent days. Due to this reason, STOCKS can move DOWN SIDE if the USD becomes STRONG like this. Right now, there is a very good BUY towards the UPSIDE because US DATA and UPDATES...
- The EXISTING HOME SALES DATA for USD is due out today. CPI DATA for CAD will also be released. It's a very HIGH IMPACT NEWS. So USDCAD VOLATILE can be for this reason. - DXY currently stands at 100.738 LEVEL. USD has become STRONG in the last few days. Yesterday BUILDING PERMITS DATA caused USD STRONG. Also, the CAD FEATURE is slightly up to 0.7943...
When it comes to the technical analysis of USDCAD, it is still in uptrend and likely to get at least 250 Pips to the upside. However, based on the current scenario, there is a good chance price might try to get a pull back before it move to the upside; which could be approximately 150 pips and it is a good short opportunity as well. But I don't recommend you to...
⛔️ USD does not have such important indicator data to release today. But the most important LABOR DATA for CAD is due out today. It will be released during the NEWYORK SESSION. Most likely it will be POSITIVE. We are waiting. ⛔️ DXY is currently at 98.83 LEVEL. USD has been WEAK for the last few days. But after the FOMC, the USD got a slight POSITIVE...
MOnthly bullish retrace to fib level 0.5 weekly bullish . daily bullish wait till it touch 0.618 and take the trade on smaller time fram when things bullish after small retest. :)
USDCAD Evidence For Short 1) Market has not able to cross strong resistance twice. 2) Double Top is formed at resistance level. 3) Ascending wedge can be seen in chart pattern that represent bearish reversal. 4) Divergence can be seen on RSI that also sign for reversal. Don't forget to like and comment about this idea.
USDCAD Killzone was broken for continutation to the upside. Waiting for this pair to TEST the previous high point to determine which direction the markets will go.
I try this opportunity for this Pair USDCAD Risk Reward Ratio 1:5 Good Luck If you have any idea, Leave comment below here. Thank you
Please view the chart for my full analysis on this pair.
Given the previous analysis and the fact that the price could not cross the range of 1.3037, we are going back to the uptrend scenario for this currency.In this scenario, the Ending Diagonal pattern has been completed in the range of 1.2994, and the uptrend has started, the uptrend will be confirmed by breaking the price in the range of 1.3162. The least expected...
ENG: - 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. PT: - Preço a corrigir após quebrar a nossa resistance trendline , estamos agora a aguardar por um movimento maior para cima, logo após o toque na...
OUR TRADE IDEA USDCAD SELL PLEASE LIKE&SHARE WITH YOUR FRIEND