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.
OANDA:USDCAD swept last years September lows at 1.323. As long as we remain within this yearly range again longs have the upper hand in terms of R/R. Zooming out, USDCAD has reclaimed the handle of a very large sized cup and handle.
USDCAD - 24h expiry Price action has stalled at good support levels and currently trades just above here (1.3150). We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. Short term RSI has turned positive. A move through 1.3200 will confirm the bullish momentum. We look to Buy at 1.3150 (stop at 1.3110) Our profit...
This is definitely a bullish set up as this pair is still in an uptrend and has rejected from the lower key level, and once a HH close is in play on a 30m on 1h I may look for buys. Although USD is very weak on the other currencies, so In order to confirm I may wait until the NY open.
My usdcad bullish view FOREXCOM:USDCAD Weekly: Usdcad is bouncing off weekly order block with old high above serving as a draw on liquidity. 4HR: Price took out sellside liquidity and created a shift in market structure leaving behind a clear order block and fair value gap. Above price, we have multiple buyside liquidity and fair value gap which...
Here is my analysis for USDCAD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
USD-CAD looks nice for a short setup, but first, we need a break of support zone at 1.32659 (pointed white line ) and confirmation on 15min tf to enter in this short setup.
Will look for potential buys after rejection at the bottom of structure
From a technical point of view,, the FX:USDCAD pair is bearish in short term, but at the same time, we think a corrective structure "must" be triggered. With this in mind, the strategy is simple: "Buy the Dip" on the intraday chart (1H time frame). On chart I have shown some potential targets that could be reached, but to understand which of these to look...
on this fibo extension, it looks like wave a = wave c. when wave c has the same length as wave a and there is a correction, there is a possibility that this correction will approach the invalid area. if you want to go long, it is better to wait for a saturated candle in the SnD area.
☑️Broke the structure on the 4 hour timeframe ☑️Lots of liquidity at the bottom If we break the red level on the 4H timeframe, the analysis becomes invalid🙅♂️ Good luck 🙌💪
The current market conditions indicate that the USD/CAD pair continues to exhibit a bullish trend. The US dollar has been demonstrating strength against the Canadian dollar, leading to an upward trajectory in the exchange rate. Several factors contribute to this bullish sentiment. Firstly, the US economy has shown resilience and robustness, bolstering the appeal...
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.