usdcadforecast

USDCAD has been in a nice bearish trend. Right now its challenging the lower range again so we go try a buy and aim at the bounce back up. Long term usdcad might still be bearish but for intra day we can see a nice bounce back of 60-80 pips with oil also looking week. The weekly time frame show the same channel and bounce back. The red line is the last strong ...

this is just a posibility, usdcad is still in sell setup remember? (keep selling) just im thinking in maybe a correction before continuation of the trend

As the market continues to push lower we have approached the end of the beginning of a potential trend continuation opportunity. Testing the true low of 2016, we may relieve the spontaneous Loonie Bull pressure before breaking through that resistance level around the 1.2520ish handle and retesting structure levels with a series of lower highs and lower lows. For ...

Our preference: position below 1.5005 with targets at 1.4925 & 1.4900 in extension. Alternative Scenario: In excess of 1,5005, aim for a continuation of the rise with 1,5030 & 1,5075 in line of sight. Comment: The RSI is bearish and militates for a continuation of the decline.

in this area and in a long term view, price complete two strong bullish pattern. so we have a strong support here.

Buy above 1.2966. Stop loss at 1.2893. Take profit at 1.3164. Reason for the trading strategy (technically): Price is now testing major support at 1.2966 (multiple Fibonacci extensions, horizontal swing low support, Elliott wave theory) and we expect a bounce above this level to at least 1.3164 resistance (Fibonacci retracement, horizontal pullback ...

Buy above 1.2966. Stop loss at 1.2893. Take profit at 1.3164. Reason for the trading strategy (technically): Price is dropping strongly towards major support at 1.2966 (multiple Fibonacci extensions, horizontal swing low support, Elliott wave theory) and we expect a bounce above this level to at least 1.3164 resistance (Fibonacci retracement, horizontal pullback ...

Really good opportunity to buy USDCAD from current point with low risk and good ratio up to 1/4 AB=CD almost 99 % completed Watch closely H4 timezone

Week Chart Price has been trading within this channel for quite some time. It wasn't until it broke out and retested that I decided to get in. ON the week chart you can see where price touched the bottom trendline several times and respected it. It could go either way up or down. https://www.tradingview.com/x/PHntcToJ/ Day Chart - My analysis was leaning more ...

uscad buying before selling in the 1hr and 4hr timeframe

as you can see in the next week i forecast that trade will be long

USDCAD If I was to pick a trade for next week it will be this one. Downtrend continuation is eminent next week with this pair.

Currently USDCAD on the daily time frame is on the bottom of the range with Stoch making a nice bullish crossover. Whats unique about this is that on the 1 hour and 4 hour time frame USDCAD is also exactly at the bottom of the range with the Stoch crossover. So you're having a buy setup on 3!! different time frames. Perfect opportunity to buy this pair. Entry: ...

Buy above 1.3221. Stop loss at 1.3154. Take profit at 1.3387. Reason for the trading strategy (technically): Price has bounced off nicely from our buying area yesterday. We remain bullish above 1.3221 support (horizontal swing low support, horizontal overlap support, fake bearish breakout) for a corrective bounce up to 1.3387 resistance (Fibonacci retracement, ...

I'm more interested in Sell than a Buy in USDCAD

search a rejection candle in selected aria, stop loss below 1.3150.

Right now, I have no suitable reason to avoid this trade. Every single parameter I check before entry, all are positive in this setup. # Multiple time-frame pitchfork support. # Multiple time-frame MACD Regular Bullish Divergence. # Multiple time-frame Stochastic RSI "Over Sold" # Bullish Harmonic Pattern. My Facebook Page: https://web.facebook.com/thunderforex/

As requested by one of my Facebook page's followers, I've published a trading analysis for the USDCAD Forex pair. As shown on the graph represented to you, the US Dollar-Canadian Loonie Forex pair has been trading on a rising channel for quite some time. Whenever the prices hit the top/bottom of the rising channel, a substantial fall/rise follows. That being ...