Hi, According to my analysis of the USD pair. There is a high probability of falling. The pair broke the strong support at 1.33350. A very negative candle on the weekly chart. He also tested the same area, but could not break through the broken support. Good luck everyone
looking bullish trend in weekly timeframe bec follow bullish flag pattern
From a technical point of view, it could be interesting to follow FX:USDCAD pair in the next sessions. If we look at the intraday chart Trend is bearish but at the same time, we think that at least one technical rebound around 1.3198 will happen. In conclusion, it might be interesting to accumulate long positions (buy the dip) with small sizes follow 1H Chart. ...
USD-CAD broke out of the Narrowing wedge and The breakout is confirmed So I think that we will see Some more growth !
In the ever-fluctuating world of foreign exchange markets, the upward trajectory of the USD/CAD pair has recently become a focal point of attention. The pair, symbolizing the value of one U.S. dollar in terms of the Canadian dollar, has embarked on an upward trend, signifying the strengthening of the U.S. dollar relative to its Canadian counterpart. One of the...
USDCAD - 24h expiry Trend line support is located at 1.3125. A lower correction is expected. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 1.3175 will confirm the bullish momentum. We look to Buy at 1.3125 (stop at 1.3090) Our profit targets will be 1.3215 and 1.3240 Resistance: 1.3200 /...
The USD/CAD pair is hovering around 1.3175-80 after experiencing its largest daily decline in eight days. This decline can be attributed to the drop in WTI crude oil price, which is Canada's main export, as well as the stronger US Dollar. The market activity on Tuesday morning in Asia has been slow.
Is in the middle of structure so waiting for a break above structure to look for buys
there is a good demand zone south the price and I think it would make the price react to it
USD/CAD continues to move higher amid a broad sell-off in commodity-related currencies. The Canadian dollar remained near 1.35 per USD, as investors were monitoring the latest developments on the monetary policy in both Canada and the United States. The bets increased that the Bank of Canada may be forced to resume its hiking campaign after data showed...
The USD/CAD pair maintains its bullish trajectory, continuing to showcase an upward trend. This signifies that market participants are expecting a rise in the value of the US Dollar against the Canadian Dollar. The bullish outlook is driven by a combination of factors, such as a robust U.S. economy, favorable interest rate decisions by the Federal Reserve, or...
Bullish trend in D period Market order or wait to image chart for BUY
Earlier today, the Japanese Government released updated forecasts, revealing that consumer inflation is expected to reach 2.6% in the current fiscal year. This is an increase from the previous forecast of 1.7% in January, and it surpasses the Bank of Japan's target of 2%. Additionally, the Government revised the economic growth forecast for the current year to...
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bearish market structure from 1H timeframe perspective, so I am looking for short. I want price to go a little bit higher to take liquidity above equal highs and to fill the imbalance, then to reject for a short position. Like, comment and subscribe to be in touch with my content!
The USD/CAD exchange rate is uncertain around the 1.3170-80 level early on Wednesday morning in Europe. Although the downtrend has paused for now, traders are still looking for more evidence to support buying the Canadian dollar against its US counterpart, especially after a slow Asian session. On one hand, Canada's inflation numbers were disappointing, while the...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
Hello Traders USD/CAD has sharp moves in the last few days. We assume its an upward correction, so we treat it carefully. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes...
After news, we can think price gonna breakout my descending line and reach 1.32. It can go higher.