Price broke the previous lower high of the structure, expecting price to resume bullish to test the previous higher high
USDCAD - 24h expiry - Previous support located at 1.3525. Previous resistance located at 1.3600. The corrective move lower has stalled overnight and reacted higher from in front of the 61.80% Fibonacci retracement of 1.3525. We expect a reversal in this move. A move through 1.3560 will confirm the bullish momentum. We look to Buy at 1.3530 (stop at 1.3490)...
USDCAD upcoming week Technical Forecast as FOMC on the way to hit market, so follow money management properly GOOD LUCK !
USDCAD is having potential rejection in its strong support from its trendline. Aligned with DXY that has potential reversal, I would open the following position: Price:1.355 Stop loss: 1.3250 (below the latest low) Target Price 1: 1.356 (Fibonacci retracement 0.5) Target Price 2: 1.364 (Fibonacci retracement 0.618) Good luck! Happy profit!
A strong bullish trend has developed on the 1-hour chart of USD/CAD, which is underscored by its timely yet shallow retracements. It's found support along the 10-bar EMA to show bullish momentum is increasing and the OBV (on balance volume) is trending higher with prices. A retracement has also found support around the weekly R1 pivot and the high of a prior...
What a beautiful move we've seen in this Pair... As we mentioned in our previous post about USDCAD that its approaching towards critical point 1.3310... And it did showed respect at our mentioned area and built a solid support and bounced back We congratulate to those who took profit out of this previous analysis 👍
Is oil moving up again? I don’t see that. Remember this Canadian dollor is supposed to be a commodity currency pushed by the price of oil. I checked the USD’s DXY, which shows a little strength in the US dollar over the last few days. There seems to be no solid drive here for this incline, but I am unsure if it is sustainable over the long run. There are hardly...
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD. * Looking at USDCAD London session TRADE * Asian session took out last fridays HIGHS taking ASIAN bu side liquidity * we have a market structure shift as price is delivered this morning torwads the upside. - momentum is significantly bullish. -looking to take liquidity below & mitigation of the bullish OB. * To see...
hello everyone... usdcad ended with bullish candle last week.. I think the price will most likely surpass the resistance of 1.38... support trendline is moving slightly in upward direction.. if pair go bullish the USOIL or WTI will start going bearish as it is negatively correlated with this pair... good luck everyone...
welcome here is my usdcad long idea early in the morning ive had this idea which has been realised but not published to give all you people a good idea for next trades, i had to publish it its based on market had last week bearish drop without testing all broken price levels , broke weekly pivot easiely and startet creating higher highs magnet mode to...
Hi guys , hope you well My opinion is uptrend in gold nice demand SecondChancecrypto 21/april/23 (DYOR)
Hello Traders, on the daily chart price is in a channel. After a bounce from the daily keylevel (white box) we have now reached a 4h key level(blue box). If we break this level I am expecting a retest and a continuation to the above daily keylevel Any feedback is appreciated, specially if you dont agree. Thanks
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here I am looking for a long position as we are in a bullish market structure on daily. My point of interest is bullish order block and imbalance filled after price took sell stop liquidity. Then I will look for a confirmation on lower timeframe. Like, comment and subscribe to be in touch...
Hello Traders, Hope everyone is having a great April, our views on #usdcad are simply as per the chart. Should price remain above 1.33500, could see buys continue to 1.35000 price handle. Risk to reward 1:2.2 Chart indicators show points of interest / control PML = Prior Monthly Low and vice versa for PMH PWL = Prior Weekly Low and vice verse for PWH Let's...
USDCAD instrument shows bullish trend based on DOW theory HH's and HH's. The trend is mature with consecutive two HH's and HL's printed at 1H TF.
Hello traders, USD/CAD has bounced off the long-term support level that I have highlighted in my chart. We can see the formation of Bullish candlestick pattern in the Support level that gives us a significant reason to consider long entries in USD/CAD. That being said, I would recommend traders to wait for a better entry before going long to minimize the risk. ...
USDCAD Bullish BAT Harmonic Reversal. Confirmation by Bullish Divergence and new HH HL printing BUY/LONG Order Executed. RR is 1:1 but will ride the trend after TP1 with SL at BE.
If i'm right, i expect a continuation of friday's rally. My 2 cents