Pair : USDCAD ( U.S Dollar / Canadian Dollar ) Description : Completed " 1234 " Impulsive Waves and Rejection from Daily Demand Zone or Fibonacci Level - 50.0%. Bullish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line. Strong Divergence in RSI and Break of Structure
USD-CAD went up to retest The horizontal resistance Of 1.34272from where I think we will see A local move down !
USDCAD is displaying a bullish trend on the 4-hour chart, supported by a breakout above the ascending trendline after completing the 5th wave. The current formation suggests a bullish pattern following a 38% retracement and adherence to an ABC wave structure. Consider potential long entries in anticipation of a continued upward trajectory in the market.
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USDCAD could fall 138 pips if it can stay below 1.35342 Why 1.35342? Let's just round it and say $1.353 Canadian dollar. The exchange price for the United States Dollar is decreasing which means Canadians are able to buy the Dollar at a cheaper price. Evidence High(H) & Low(L) Per the 4 our timeframe, price is declining. The current falling price of...
Hi Traders! There is a triangle pattern on the USDCAD 4H chart ahead of the Bank of Canada (BoC) Monetary Policy Report, Rate Decision, and press conference. Here are the details: The price action looks bullish due to US dollar strength, and the market is currently in a consolidation phase in the triangle. Depending on what we get later from the Bank of...
I see a tipycal setup on USDCAD. Break of major trendline, retest, divergence on H4 timeframe. I expect a drop of the price till the daily resistance at 1.336. Dollar weakness should confirm the setup
Pair : USDCAD ( U.S Dollar / Canadian Dollar ) Description : Completed " 12345 " Impulsive Waves and " A - 1234 " Impulsive Waves. Falling Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retracement. Break of Structure and Retracement.
USDCAD is at the bottom of a trading range and near the Weekly 200EMA which acted as good support in the last bull trend opportunity from July to October. Now that we're here, should we long? How do we trade this? 🤔 We almost have enough price action to justify a long entry. Longing now would be maximally risky because we don't have a good buy signal bar yet....
HELLO FRIENDS As I can see USDCAD is trading inside a bearish channel and already created a fakeout now its testing channel border line can create double top on smaller TF which will indicate to enter in a sell entry our risk and rewards are fantastic on this pair let stay as a sniper when it come in our range we will enter and will hold till design level friends...
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: As I expected in my previous analysis price filled perfectly the imbalance and mitigated bearish order block. My target now is 1.32000. Like, comment and subscribe to be in touch with my content!
Hello Traders! This is my idea related to USDCAD H4. I see a small accumulation at the moment, I expect a bearish move taking into consideration this accumulation in the area of the OB. The target is before the FVG. Follow, like, and comment to see my content: www.tradingview.com
usdcad made bearish candle so i am looking sell position today...
The USDCAD has reached a pivotal juncture,reaching into a critical resistance level. While the larger trend remains firmly bullish, I anticipate a temporary pullback before seeking an optimal entry point. 1D Balance Area: As you can see on the attached chart, price has formed a significant balance area on the daily timeframe at the accumulation phase. A Fibonacci...
Look for a potential USDCAD sell off the 4H Order Block.
Merry Christmas Everyone, Dear Traders, This week we waited USD to reverse and show some strong bullish momentum though it did not, however, this week we may see some bullish price movement. It is advisable that we may see uncertain price action due to low liquidity and low volume which is result of holidays worldwide. Good Luck and Trade Safe.
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...
HELLO TRADERS!! As i can see after a big downtrend on USDCAD now a retrace done and its showing rejection here at this level again also you can see it is unable to break the trend line and US $ weakness is the ongoing.. Wars ahead around the middle east escalating more and more which is not good for US $ friends charts are clear like diamond our risk and reward...