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.
Hey Realistic Traders, let's dive into the technical analysis of SAXO:USDCAD USDCAD has moved above the EMA200 line again, signaling a bullish trend. Recently, on the daily timeframe, it broke the upper trendline of a falling wedge pattern and experienced a MACD bullish crossover, where the MACD line crosses above the signal line, suggesting increasing...
you can see that our tp was hit successfully. i posted the idea 2 weeks ago and today our tp was hit finally. check my prious posts and drop your comments. FX_IDC:USDCAD
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 !
USDCAD in progress from my previous post..i showed you that i expected an upward move from usdcad. we expect more bullish move next week. patience is key
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.
USDCAD shows a bullish momentum with bullish divergence and break of LH. Stop loss is placed slightly below the strong support and entry is taken at CMP. TP is placed at 1:1 and 1:2 R:R. What do you think, will it go up and break the previous HH and start a new trend?
usdcad closed above 1.35897... my idea is usdcad should go higher. my analysis shows LONG on usdcad.. lets see how it goes. let me now what you think in the comments
USDCAD - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 1.3600. Price action looks to be forming a bottom. We expect a reversal in this move. Momentum is flat, highlighting the lack of clear direction. Risk/Reward would be poor to call a buy from current levels. A move through 1.3625 will confirm...
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...
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
My view Potential Long Setup on H1 timeframe based on Technical Analysis . Good Luck and Trade Wisely
We are looking for this short term idea. We can enter at about 1.363 with a possible target to 1.3725 and a small stop loss to 1.36. We can take a 3/1 RR in few hours. Let's look.
It's been a while... Based on a detailed analysis of the 1M chart, we anticipate that the USDCAD pair will experience an upward movement. Although this analysis is derived from the 1M chart, the idea is published on the 15M chart for clarity and presentation purposes. Key Points: Trend Direction: Upward movement expected Risk Management: Exercise caution as the...