USD/CAD is currently trading around the 1.3850 resistance zone, a level that has been tested repeatedly since September 2022, each time resulting in a decline. However, this year, after testing this resistance, the bears haven't managed to push the price down to its previous support levels. Instead, a higher support has formed at 1.36. The recent rise from 1.36...
This currency has been forming a very interesting pattern for the past few days, a ranging momentum. The sentiment is still bullish but let us first wait and see if it will retest the support zone to have more clarity on either a bullish or bearish entry point.
Hi fellow traders, USDCAD is ready to make a move lower from the blue box after completing the WXY correction. Target the 1.3432 level. Good luck and trade safe!
Hello traders, hope you are doing great. For upcoming Days, I think we'll probably see a Downtrend correction to specified levels in USDCAD. so with a proper trigger, we can open a SHORT position. and finally tell me what do you think? UP or DOWN? leave your comment below . If this post was helpful to you, please like it and share with your friends. Thanks.
Core Analysis Method: Smart Money Concepts 😇7 Dimension Analysis Time Frame: H1 1: Swing Structure: The market is basically in a bearish to sideways zone. After the last lower low, there was no significant corrective swing move. With 4 pullbacks, it has almost reached the extreme POI OB at the Premier area of the structure. 🟢 Entry Model: ABCD A strong...
Hello Guys today we have a major impact news event for cad which is interest rate and monetary policy i am looking forward for a trade setup to form after events, and bias is bearish looking for the optional trade entry trade setup t appear and target the lower level accordingly. stay tuned for further updates. :)
Based on the previous analysis I had done, I anticipated that the price might break the upper trendline and retest the zone. My entry position is at 1.372, target is 1.379 and SL at 1.3685
My Dear Robbers / Traders, This is our master plan to Heist USDCAD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the...
USD-CAD is trading in an Uptrend and the pair has Formed a bullish flag Pattern so as the pair Is breaking out we Are bullish biased And we will be expecting A further move up !
As analysed in the previous post, my stance is the price will continue in the bullish momentum following the formation of a bullish pennant. I am waiting for the price to break out of this pattern so that we can have a clear entry position.
According to : Convergence on CCI Price below Level zero on CCI Breaking uptrendline Retest of broken trendline Fibo retracement
This pair has been forming an interesting pattern of late, a bullish pennant IMO. According to the higher timeframes, I anticipate that it will continue. Let us switch over to shorter timeframes in the analysis that will follow.
Hello Traders, Hope you all are doing good!! I expect USDCAD to react from the highlighted zone. Currently USDCAD is correcting for another leg up, however, I am still seeing one more down after this leg up to complete bigger structure. Plan to Trade: If market gives bullish reaction at zone, I am a Buyer till 1.367 area. Look for your BUY entry setups as...
Hello Guys a Quick Weekend analysis on USDCAD for the downside. please like share and comment for your questions, even if you guys require me to provide you with entry and stoploss with the setups the please comment and let me know
This pair has been forming a pattern, which looks like a rising wedge. Let us wait and see how this pattern will turn out to be, then we enter our trades.
Pair : USDCAD ( U.S Dollar / Canadian Dollar ) Description : RSI - Divergence Completed " 12345 " Impulsive Waves Break of Structure Consolidation Phase as an Corrective Pattern in Short Time Frame Resistance Level
The USD/CAD price is expected to move bullish as it follows a symmetrical triangle pattern and Elliott Wave theory. Currently, the price has completed the 4th wave and found support on the trendline. This indicates a potential move to the upside, completing the 5th wave.
Pair : USDCAD ( U.S Dollar / Canadian Dollar ) Description : Consolidation Phase in Long Time Frame RSI - Divergence Break of Structure Bullish Channel as an Corrective Pattern in Short Time Frame Resistance Level