USD-CAD is trading in a tight wedge And the pair is retesting the ascending trend line So despite the oscillation of the pair I expect recovery and movement To retest the uptrend
Here is my view for USDCAD on H4. The price should go up and watch out for this pair as the Ukraine war still continue and is affected, the market might still be volatile. Trade Safe!
broke weekly resistance for second time with head & shoulder wait to retest neck of h & s with 0.5 fibo if the price stability above them you can buy
USDCAD (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS)
USD CAD is in a bullish trend where we have a series of 1-2`s and I think are in the 3rd wave phase in most cases wave 3 = to 1.618 Fibonacci extension. After the Ending Expanding Diagonal, I can confidently tell that we could potentially move to the upside. The buy-side is long term but we can take short term trades but if you are patient enough you can hold it longer.
Overall trend looking good for the continuation of the 4h uptrend.
USDCAD (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS)
Hey traders, here is the analysis for the USDCAD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
-Daily Chart >> Price bounced off support and closed above the daily 200 MA. -4 hour chart >> Price bounced off support with a bullish pin bar on the 4 hour chart with stochastics on this chart also rising. Moving averages on the 30 min also crossed with price currently testing the 14MA. -1 hour chart - On the 1 hour chart price is currently testing the...
For More Daily Detailed Analysis, Click on the Follow Button. If you have any questions, please do ask them in the comments section! Here we have our Daily USDCAD Chart. After yesterdays BOC news we have seen a dip down into some comfortable support amongst oversold STOCHS. We can start to look long as we Trade through our lower timeframes on Price rejection...
sothe first target i can see is here. bulls are going to bring down CAD and at target i will evaluate my parameters again to see what is going on
USDCAD (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS)
trade plan is buy (no signla) Like if u agree with me..
Cad is on pressure, over priced beacause of the high oil prices for a long time. It is time to loose strengh. And dollar is pushing higher because of the latest events, the war between Russia and Ukraine. Fed is clearlly blamming the war for the sick inflation that they caused and they are using it to delayd rasing the interest rates on March. So We are having a...
Hi Traders, we are monitoring USDCAD for a buy opportunity.
USDCAD (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS)
Since USDCAD chart has been surrounded between to levels in a sideway trend from here we can expect that the price will grow one more time at least to the upper line of the sideway channel plus we see a divergence between the price and RSI indicator . what is your idea of USDCAD chart?