I was contemplating to load up the CAD pairs but I changed my mind. The Loonie is clearly positioned for a major (continued) drop on the near term and thus, ALL CAD base pairs are very likely to under perform their USD cousins. Thus, back to the (previous) base case; (continued) Long USD and Short pretty much everything else . (...as far as the eye can see).
USDCAD reacted off the demand zone. You may choose to enter now or or wait for a pullback to the LTF demand zone. My stop loss will be below the demand zone at 1.36741 My profit target will be 1.38606.
Update on Usdcad guys So we would be buying from this zone which was our main target to pick up the buys from well we are looking to see all bullish movements from this area so let’s wait patiently for candle sticks pattern and candle sticks reactions
Illustrations on the picture, check in the pic for more
The USD/CAD pair has corrected to near the critical support of 1.3750 in the Tokyo session. The Loonie asset is facing the heat as the upside momentum in the US Dollar Index has started fading now. The street is anticipating maintenance of status-quo by the Federal Reserve (Fed) next week as United States inflation has resumed its softening spell...
It’s a beautiful day, let’s take go good look at USDCAD this opportunity is so clear so basically we are looking to Buy on this analysis, clearly on the 1hour Time frame we have a trend line breakout and we are waiting for a retest confirmation or price retracement back to either 1.37789 which is our 1HR S:1 area or 1.37468 which is our 1HR S:2, and we are...
We could be looking at a possible USDCAD bullish reversal after tomorrow's CPI m/m news release. There are signs of rejection from the support area. This could be a premature move or inducement for taking out stops before moving up. My profit target will be the recent structure high.
Dear Traders, Hope you all doing great, we have found ourselves in a perfect zone to go long on USDCAD, with minimum of risk to maximum of profit setup. DXY is expected to continue its bullish momentum since it reversed. Let's not miss out the big movement!. Good Luck!!
Dear Traders, our last two setup on USDCAD has been smashing with over 900+ combined we have achieved and now we are focusing on the final target, let's not miss it, although we have CPI it has been taken into consideration before analysing.
As per my previous analysis, I have started scaling sells into this pair. If my initial position fails, I will look to sell slightly higher as illustrated. I will keep you all updated as things progress.
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Waiting for a pullback into 1.26647 to long USDCAD back to weekly highs at 1.39231 If you agree drop a like and if you have any questions leave a comment :)
We are currently looking for buying opportunities on USDCAD. This is because the pair has become bullish on multiple time frames. We also see a breakout of a daily time frame trendline. When we look left, we can see the pair has been largely bullish but in recent weeks and months we have seen a lot of correction and sideways movements. Could this be the...
USD/CAD create nice strong impulse to the upside but now is time for correction and if the price create candle formation from Fibonacci na 4th trendline touch I will buy.
- Ascending channel at previous outside structure on the daily timeframe. Other confluence: - Equal measured move completion at the resistance zone. - 78.6 retracement and 61.8 extension complete at resistance zone - adding strength.
Hey Guys! The usd/cad's weekly bias was confirmed to be long yesterday. In this post I explain the setup as well as how I plan to trade this setup. That's it! I'll keep you guys updated! Ken
#USDCAD USDCAD is now quite BUY. The dollar started to strengthen slightly because of the short-term POSITIVE SENTIMENT for the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that...