Waiting for a break and retest of 1.30819 or a pullback into 1.29528 to go long on USDCAD back to swing highs at 1.32228. If you agree drop a like and if you have any questions leave a comment below :)
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Potentially Inverse Head & Shoulder formation is forming and classic RSI Bullish divergence looking for Long once the trend changes
USDCAD CHART ANALYSIS. Expecting a pullback from Support zone which is the green zone. If the green zone is broken and candle stays below green zone, not expecting buy anymore.
The price break of the trend, and according to my analysis, the price can be corrected. Caution observe the money management and the stop loss, to know about them, follow me and comments and wait for the update.
Hello Traders USDCAD currently trading below the falling resistance and horizontal resistance and failed to break this level bearish trend maybe can continue
USDCAD - 1HR - 1D - TECHNICAL ANALYSIS The bulls tried to continue higher, but the bearish keeps taking control. Creating lower lows and lower highs.
1.28500 ~ 128000 It was a very important key level for a short term. In the short term, it is moving back to the downtrend.
If you agree drop a like and if you have a question leave a comment:)
Hi fellow traders, USDCAD seems to be completing the expanding flat correction in WXY formation. Look for a buy opportunity from here and target the resistance levels. Good luck and trade safe!
The bearish momentum is still strong. For now, the price is consolidating after attaining a lower high according to the higher timeframes (D), and I predict a bearish breakout for this pair. My long term target is at the lower trend line thus my entry is at 1.284 and Sl @ 1.289, slightly above the market resistance zone. Entry - 1.284, Sl - 1.289. Tp1 - 1.279,...
Based on my analysis. The price is close to the first target(TP1), moving and reducing the stop loss by half. Tast's an update.
Waiting for a pullback into 1.28904 or 1.23293 to long USDCAD back to swing highs at 1.32228 with first target at 1.30647. If you agree drop a like and if you have any questions leave a comment :)
On H1 chart the market of USDCAD has made fake breakout which is giving us strong selling pressure on it.
USDCAD has formed a bullish engulfing on the weekly timeframe in the direction of the up trend. On the daily, there is an inverted head & shoulder visible. On the retest of the neckline of daily inverted head & shoulder, a long trade is possible! Press the like button if you find value in this analysis :)
USDCAD has broken the ending diagonal and seems to be head to resistance marked in purple above! This signal ran for 150 Pips thanks to NFP! it ranged for a while but the ending diagonal was a key confirmation of a reversal!
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Due to the decreasing strength on Oil. Most of CAD pairs are affected by this market. On Ucad’s structure….looking for a short position to form a perfect bullish reversal, then we go for long. NB: NFP news and CAD unemployment morrow can affect the market!!!