The dollar cad broke down farther as we predicted last week. Price has since seen a retrace and we will be camping out for a next short. This short will be messy and we will take short scalping moves as the price action is in a wave 4 correction, looking for the final wave 5 down.
USDCAD reaching a D Timeframe Volume cluster as Support. The Support zone is an area where previously uptrend (Bullish) Started. The downtrend is overextended as well. Might see a pullback to the resistance zone marked. A 2Hr timeframe Divergence on MACD is also forming. Waiting to see good price action. Good Luck !
USDCAD bounced from the lower support level on the H4 time frame, we expecting the pair to retest the key levels listed on the chart. HAPPY NEW YEAR !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! We taking this trade based on technical analysis and price action. (1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL (2)...
Here is my view for USDCAD on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for USDCAD on h1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Hello traders , USDCAD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe. In the count that was done, the main waves 1, 2 and 3 have formed a leading downward trend and now the 4 main waves are forming. Wave 4 is formed in a zigzag pattern and from this zigzag the sub-waves a and b are...
Hi Traders, This is my view for this week on: - SPX500 - EURUSD - USDCAD - APPLE (I’ve just shared my fully explained 81strategy on Tube) I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify...
check in-depth analysis here forexezy.com In December, the FOMC decided to abandon its previous remarks that the inflation surge is transitory. The committee decided to accelerate their actions to slow inflation. In January, February, and March, the bank will also slash these purchases by $30 billion each month respectively. As a result, the Fed these...
Hi TRADERS this is my trade set up for the USD/CAD for the new week ahead This area has been touched 3 times of late i am expecting a bounce off this area but be very cautious with this trade it could just drop through SUPPORT ORDER BLOCK ZONE as was good Canada data last week, i am expecting A DECENT CANDLESTICK CONFIRMATION IN the order block zone and will be...
Update from previous idea: if you look at my analysis posted on Saturday I done a Monday prep chart. I was favouring the downside on USDCAD, I had 2 areas mapped out, one was basically right on the open and the other was incase price were to see a rise at the open before an even bigger drop throughout the day. so far we have seen a slight wick above the box but...
Here is my view for USDCAD on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
According to my analysis USDCAD is going down for upcoming week once it break support zone 1-Head and Shoulder chart Pattern indicating bearish behavior for upcoming week 2-Price Break The Uptrend Line and Retest the trend line which now acting as raising resistance line Warning: If this pair failed to break support then most probably it move up by making...
USDCAD has formed a shooting star on a weekly timeframe on strong support. At the same time, we see the price has created a series of high low on 4H timeframe. This is highly likely that next week the price will rise up from his zone!!
I am looking at these 2 zones to take a short from, I think a lovely short entry was beginning to form for the pair just before trading finished on Friday night. that could also ruin the trade because there will be many more factors effecting this pair come Monday. if we break higher I am looking at the slightly larger green box to take a larger short position....
Just back testing a chart right now as I seen 2 really nice moves that would require a great deal of confidence in this market to trade but I am going to post just for my own reflection and so I remember its something I should look at as well. so, the yellow line drawn was the previous days high (Friday), price seen a huge spike upwards breaking that high...
The dollar ad has reversed much of the gains it made in Q4 2021 and we expect to see more pain for the pair come in the coming months. We are good for a measured short after some consolidation when the markets open next week.
as we can see the price is in a wedge where it has Bullish Divergence with MACD and there exist a MACD crossover which can be interpreted as the trend reversal we can see some changes in DXY also which may confirm the bullish ness of this instrument there are 2 TPs to capitalize on
Here is my view for USDCAD on M15. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!