USDCAD moving in parallel channel waiting for breakout to trade. Manage your risk according to account size!
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
We outlined a bearish bias in a previous USD/CAD article which clearly did not play out, thanks to hawkish comments from Fed members, hawkish FOMC minutes and stronger economic data for the US. However, a strong Canadian employment report on Friday has now seen odds shift in favour of a 25bp BOC hike this week – and if that is to be coupled with a soft(er) than...
USDCAD decelerated while approaching support, then bounced off it following the divergence. Price bounced off the psychological level of 1.31000. If you look left, the last time the price dropped from the resistance, it pulled back after the divergence. We anticipate the same price action and a retest of the resistance. ------------------- Share your opinion...
Very much still in a down trend and has pulled back and rejected to around the 50% fib level, now waiting for break below previous level and signs of continuation on the 15m to look for sells
Waiting for a retest of 1.32050 or 1.32773 to short USDCAD back to 4H swing lows at 1.30927 If you agree drop a like and if you have any questions leave a comment :)
Friends, please support this idea with a BOOST if you find it useful. Might get a strong pullback even if it is uptrend in higher time frames. Reason: - The price is now trading near a strong resistance area . - Weaker support to the downside. Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the...
FX:USDCAD What Next For Usdcad In The 3rd Week Of July? Weekly Bias: To understand and know what the weekly bias is or will be, one has to take into considerations all the previous and current price action activities within our current price range. Bullish Supporting Sentiments: Major Range= Bullish Price At Discount level Price At Bullish...
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!
USDCAD after BOC statment has dropped down which propbebly will retrace to fill the gaps and imnalnces befor it goes down again waiting for a good RR entery and getting the confirmation from my other order flow tools
USDCAD CHART ANALYSIS POSTED ON SUNDAY 09 JULY 2023 Hello Everyone, Welcome to FXMYWORLD. Make sure you do your research and based on your confluence please look for the entry. Don't rush your trades without any confirmation. Thanks in advance for checking my trade idea.
USDCAD is currently trading in an ascending channel. The market broke and closed above the consolidation zone. Price pulled back to the kill zone: support at 1.32500 and 50% fibo retreatment. We anticipate a retest of the major resistance. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
This is definitely a bullish set up as this pair is still in an uptrend and has rejected from the lower key level, and once a HH close is in play on a 30m on 1h I may look for buys. Although USD is very weak on the other currencies, so In order to confirm I may wait until the NY open.
My usdcad bullish view FOREXCOM:USDCAD Weekly: Usdcad is bouncing off weekly order block with old high above serving as a draw on liquidity. 4HR: Price took out sellside liquidity and created a shift in market structure leaving behind a clear order block and fair value gap. Above price, we have multiple buyside liquidity and fair value gap which...
Here is my analysis for USDCAD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Potential Breakout trade on currency pair USDCAD, place Buy Stop and Sell Stop Orders or wait for Breakout. Manage your risk accordingly.
USD-CAD looks nice for a short setup, but first, we need a break of support zone at 1.32659 (pointed white line ) and confirmation on 15min tf to enter in this short setup.
From a technical point of view,, the FX:USDCAD pair is bearish in short term, but at the same time, we think a corrective structure "must" be triggered. With this in mind, the strategy is simple: "Buy the Dip" on the intraday chart (1H time frame). On chart I have shown some potential targets that could be reached, but to understand which of these to look...