From a technical point of view, it could be interesting to follow FX:USDCAD pair in the next sessions. If we look at the intraday chart Trend is bearish but at the same time, we think that at least one technical rebound around 1.3198 will happen. In conclusion, it might be interesting to accumulate long positions (buy the dip) with small sizes follow 1H Chart. ...
USD-CAD broke out of the Narrowing wedge and The breakout is confirmed So I think that we will see Some more growth !
The possibility of a significant movement in the next few days for this pair. If you look a week ago this pair is more likely to accumulate with a structure like sideways. I am still sure that there is an opportunity to be limited to the SND D1 area below before this pair returns to bullish.
I have mentioned all the important resistance levels, where we may see sell opportunity on it. I think we do not have to look buying opportunity on it, just sell.
USDCAD is currently trading in an ascending channel. The market made higher highs and higher closes. It broke and closed above the resistance that was tested twice. Price is coiling up before breaking through the level. We anticipate a retest of the major resistance and bullish move. ------------------- Share your opinion in the comments and support the idea...
OANDA:USDCAD I entered a buy position on USDCAD at the pullback to the swing discount, targeting the old high on 4H. Why the old high? Above the old high there is a weekly FVG. Reason Behind The Buy? Price created a swing low on the weekly time frame right at the the weekly order block serving as support for price. So, I expect price to bounce off...
USDCAD wi;; come back to test the trendline again, place your buy orders then. Manage your risk accordingly!
The USD/CAD pair is hovering around 1.3175-80 after experiencing its largest daily decline in eight days. This decline can be attributed to the drop in WTI crude oil price, which is Canada's main export, as well as the stronger US Dollar. The market activity on Tuesday morning in Asia has been slow.
there is a good demand zone south the price and I think it would make the price react to it
the D1 trendline as a strong support area is still untouched and the price looks bullishly corrected. the possibility that what will happen is the price approaches the SR Flip area and falls back to the trendline support area and then continues its bullish trend.
On Weekly Bearish, market has been bearish. And this sets the bias we will be looking for which is the sell side. On the daily chart, Price has just broken a level that has been tested multiple times in the past. The 4hours is a little bit more interesting because we might see being rejected by: Support now turned resistance, Trend line that has held for a very...
Earlier today, the Japanese Government released updated forecasts, revealing that consumer inflation is expected to reach 2.6% in the current fiscal year. This is an increase from the previous forecast of 1.7% in January, and it surpasses the Bank of Japan's target of 2%. Additionally, the Government revised the economic growth forecast for the current year to...
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bearish market structure from 1H timeframe perspective, so I am looking for short. I want price to go a little bit higher to take liquidity above equal highs and to fill the imbalance, then to reject for a short position. Like, comment and subscribe to be in touch with my content!
USDCAD completed ABCD pattern and now we can see the retracement from point D. Manage your risk according to your account size.
Here is my analysis for USDCAD on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
After parallel channel breakout nor USDCAD is at strong support zone that tested multiple time, hopefully we can see upside rally from this point. Manage your risk acccording to the account size!
The USD/CAD exchange rate is uncertain around the 1.3170-80 level early on Wednesday morning in Europe. Although the downtrend has paused for now, traders are still looking for more evidence to support buying the Canadian dollar against its US counterpart, especially after a slow Asian session. On one hand, Canada's inflation numbers were disappointing, while the...
USDCAD moving in parallel channel waiting for breakout to trade. Manage your risk according to account size!