USD/CAD stays above 1.4000 and the key question is whether it will continue the recent upside move. At this point, the nearest major resistance level is located at 1.4575 and 1.42300. This level has already been tested many times and has proved its strength. We also note USD/CAD is struggling to continue above the recent highs formed towards the end of last week...
Im watching usdcad for a nice oppurtunity to sell 1. if price break strong support 1.39860 & retest. 2. a better entry will be if price retest major bearish trendline d1/h4.
USDCAD broke below the marked support ares and retested with bearish strong rejection Possible bearish price movement towards the next support 1.38200 and 1.34200 within the next period. ***Comment your thoughts down below!
Just a few key points that I'm watching on the hourly timeframe: USDCAD reached January, 2016 highs earlier today Currently monitoring this wedge breakout for further selling pressure potential We want to assess if resistance holds up at the latest level breach @ 1.4424
Usdcad - Daily - The time has come for a bearish reversal on this pair.. great R2R and setup..
See the screenshot from monthly timeframe below. We are trading against a prominent inverted Head & Shoulders pattern which has clearly broken the neckline and completed a successful retest. Therefore, I have taken a small position of 0.25% capital risk and if price action permits, I will look to add this position at a later stage. Monthly Outlook: Caution -...
USDCAD price fell down from the upper line of the channel since last few days and it's struggling with the bottom line of the channel which is also the least price of USDCAD since April . It's strongly believed that if the price manage to break the support line (which is near 1.337) sharply , then we have right to enter to short position .
this is getting close to a rapid drop coming our way. watch out. see previous chart below follow, like, and comment :) thanks
as per previous, watch out for the sell. be in it to win it :) like, comment and please follow
Seems USD/CAD breakout's it's bullish trend now it's best to sell positions until price @ 1.28113
Here I have observed a short opportunity on the USD CAD the pair look to be holding at resistance with a really intriguing reversal pattern lets see how the close of this month plays out I'm going short at the 1.27800 level with a down side target 1.27000 level or below.
USDCAD on the daily time frame shows a nice buy setup. As you can see it has already broken the upper range which is a nice bullish signal. Then we notice that its currently at a resistance. When you see how Stoch and ADX are shaped it looks like theres enough power left to break the resistance and head up further. Stoch is about to make the bullish crossover and...