The USDCAD has reached a pivotal juncture,reaching into a critical resistance level. While the larger trend remains firmly bullish, I anticipate a temporary pullback before seeking an optimal entry point. 1D Balance Area: As you can see on the attached chart, price has formed a significant balance area on the daily timeframe at the accumulation phase. A Fibonacci...
Merry Christmas Everyone, Dear Traders, This week we waited USD to reverse and show some strong bullish momentum though it did not, however, this week we may see some bullish price movement. It is advisable that we may see uncertain price action due to low liquidity and low volume which is result of holidays worldwide. Good Luck and Trade Safe.
Hello traders I would like to introduce to you my analysis of usdcad, 1H tf long, its base on new creation of buy zone on 1H tf that's still valid because of news that came up last week. We still have here this supply zone that I expect to be broken in next days and we should aim for huge sell zone that we have around 1.352 till 1.35483. So enjoy my idea I would...
USDCAD opened with Lower high and gave a big bearish candle on first day of the week, I was looking at different time frames and saw a symmetrical pattern on the one minute time frame (Using 15 minute to publish, analysis on 1 minute time frame), though I do not recommend using the one minute time frame at the opening but it was a sure bullish move that was...
USDCAD overtaked 9 january high. So i am bollish on usdcad today.
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here I think we have a good short opportunity from premium zone if price continues to go higher to fill the imbalance and then to react from institutional big figure 1.35000. Like, comment and subscribe to be in touch with my content!
. Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Firstly, fundamental economic indicators suggest that the US economy has been exhibiting signs of strength, which tends to favor the USD. Positive economic data releases, coupled with the ongoing efforts to boost economic recovery, contribute to a bullish sentiment surrounding the US dollar. As the USD is the base currency in the USD/CAD pair, any positive...
1. US Treasury yields climb, boost dollar: Rising US Treasury yields are providing some support for the dollar, putting mild upward pressure on the USD/CAD pair. 2. US employment data beats expectations: Positive US employment data released yesterday initially strengthened the US dollar, putting upward pressure on USD/CAD. However, concerns about rising US...
H1 - Higher highs. No opposite signs. Until the strong support zone holds I expect the price to move higher further after pullbacks in the short term.
Summary The Bank of Canada(BOC) could be one of the first central banks to cut rates, meaning a weaker CAD. Could USDCAD move off the 15-month range support? The Details Canadian inflation is approaching the 2% target, suggesting no further rate hikes by the BOC. Interest rates will then temporarily pause, which could cause CAD indecision. However, economic...
USD/CAD hovers around 1.3200 ahead of US Jobless Claims: The USD/CAD pair is currently trading around 1.3200, with little movement in either direction. Investors are awaiting the release of the US jobless claims data later today, which could provide some direction for the pair. If the data comes in weaker than expected, it could boost the CAD as investors seek...
In the existing downtrend of the USDCAD currency pair, there is a distinct possibility that the exchange rate may approach and test the support level at 1.31142, unless there is a significant breakthrough in market dynamics. The technical analysis of the market structure points towards a potential pullback, implying a temporary reversal in the prevailing downward...
Hello Traders! This is my perspective for USDCAD H1. As we can see, in this parity we're in a bearish trend, and I expect a retracement until the price of 1.33100, where we have a resistance level and also an OB. Also, it looks like a formation of BOSS vs COACH. Traders, if you liked my idea or if you have a different vision related to this trade, write in the...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
USDCAD has reached the higher low area of the bullish channel in both the 4-hour and weekly timeframes. 📉 Expectations: Anticipate the pair to re-test key support levels as highlighted in the attached chart. 📈 Trading Strategy: This trade is based on a combination of technical analysis and candlestick patterns. It's a long-term position, so ensure sufficient...
Hello Traders In This Chart USDCAD HOURLY Forex Forecast By FOREX PLANET today USDCAD analysis 👆 🟢This Chart includes_ (USDCAD market update) 🟢What is The Next Opportunity on USDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...