Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here I think we have a good short opportunity from premium zone if price continues to go higher to fill the imbalance and then to react from institutional big figure 1.35000. Like, comment and subscribe to be in touch with my content!
From a technical point of view, the trend on the FX:USDCAD pair is bearish, but at the same time the technical structure should need a pullback which should take the form of a corrective structure. With this in mind, we expect an accumulation phase that should push the pair around 1.3284 and 1.3420. What's you opinion? ...are you bullish or bearish on this...
looking bearish trend in 4h timeframe beacuse follow 12345 waves pattern
USDCAD breaks out a rising Wedge which is a continuation pattern. The market was already in a downward trend then this deep retracement happened which formed the rising Wedge correctively. PS: USD High impact News coming in less than an hour. Be careful.
USDCAD still inside strong channel down, we can follow bearish movement to reach previous support at 1.31203 if this channel broken, we still have fibonacci resistance at 1.34526 to hold bullish. Best stoploss above fibonacci resistance. Good luck
Hello traders, this week, there hasn't been much significant movement in the DXY. We've observed two inside bars on the daily timeframe, indicating a period of ranging. Personally, I'm looking for the CPI data to potentially drive the price down. This would align with my interest in selling USDCAD, especially after taking the ERL. I anticipate targeting the next...
USDCAD W1 - The price is near the lower border of the sideways band, but was unable to break through the previous lows. Expecting a rebound to the upper limit with an update to the previous high of 1.38990. It is also worth considering that there may still be a move down to update the minimum, or a continuation of the downward movement in the event of...
Hello traders, we want to check the USDCAD chart. The overall price trend is bearish and the price has made a correction to the indicated key level. We expect this level to play the role of a resistance level and the price will fall to around 1.31800. Good luck.
H1 - Higher highs. No opposite signs. Until the strong support zone holds I expect the price to move higher further after pullbacks in the short term.
Im looking for a higher range of swing trades on this pair, price goes to the smartmoney transfer zone base on weekly, thats why it retrace to 1.34, if price breaks below the line, still a buy for me. for that higher zone being mark up. Looking for a good buy for swing. Lets roll. If you like swing trades master the art of smart money transfer, you either...
In the existing downtrend of the USDCAD currency pair, there is a distinct possibility that the exchange rate may approach and test the support level at 1.31142, unless there is a significant breakthrough in market dynamics. The technical analysis of the market structure points towards a potential pullback, implying a temporary reversal in the prevailing downward...
The USDCAD trend remains downward, presenting a chance to test the 1.31142 support level unless a breakthrough occurs. The technical structure suggests a potential pullback, so contemplate purchasing in on Support In the ongoing downtrend of USDCAD, there's a likelihood of testing the 1.31142 support level if no breakthrough occurs. The technical setup indicates...
Hello Traders! This is my perspective for USDCAD H1. As we can see, in this parity we're in a bearish trend, and I expect a retracement until the price of 1.33100, where we have a resistance level and also an OB. Also, it looks like a formation of BOSS vs COACH. Traders, if you liked my idea or if you have a different vision related to this trade, write in the...
FX:USDCAD possible downtrend to continue towards 1.3200, as price have shown significant bearish pressure in last few days of the week. while dxy remain bearish cad has gained vast majority of bullish interest and it is likely that this is just beginning of downfall for USDCAD. Good Luck
USD/CAD Eyes Further Losses Following Hawkish Remarks by BoC Governor After a brief pause in its three-day losing streak, USD/CAD is hovering around 1.3380 during the Asian session on Monday. The Canadian Dollar (CAD) has gained momentum against the US Dollar (USD) following hawkish comments from Bank of Canada (BoC) Governor Tiff Macklem on Friday. In his...
Hello Traders In This Chart USDCAD HOURLY Forex Forecast By FOREX PLANET today USDCAD analysis 👆 🟢This Chart includes_ (USDCAD market update) 🟢What is The Next Opportunity on USDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
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!
There are several reasons why we could see a bullish move in the USD/CAD currency pair: 1. **Moderating Canadian Inflation**: Multiple sources, including RBC Economics, NBF, and CIBC, suggest that Canadian inflation is expected to moderate in November. This is primarily driven by factors like a drop in gasoline prices, easing food price growth, and a slowdown in...