Overall trend looking good for the continuation of the 4h uptrend.
-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...
Here is my view for USDCAD on h1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
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)
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
In June 2021, UsdCad has changed the trend, breaking above the descending trend line and reaching a high around 1.3 important resistance. Since then, the pair was very volatile with large up and downswings. In December, UsdCad has had a new attempt to conquer 1.3 and failed again, dopping slightly under 1.25 However, this low is higher in rapport with the previous...
On the Monthly timeframe, Price has seen test at 1.20483, a VERY Important Price for Long-term POTENTIAL Targets 1.79550 | 1.59368. Hmmm! Test at 1.20483 has sent Price to Caption zone 1.25110 | 1.27834. Inside Caption-zone is Price 1.26210 that gives price 1.34621 potential for upside test. Understanding the Caption-Zone: Successful upside breach of 1.27834...
There is H4, ab=cd pattern. A balance model is also available in the M5 table. Return candle at Libra level should be expected
here is my view on the USDCAD 12h timeframe, on the monthly chart, the price is about to touch the liquidity trendline, and we might also see a break of that up trendline to mitigate the supply zone on 12h chart, that mitigation will be called as the fake breakout of the trendline for retail perspective
Here is my view for USDCAD on H1 for today. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of USDCAD, I think we are going to see an upward movement. If you are going to go long now, make sure to place the stop below the previous support area . What do you think is more likely to happen? Please share your thoughts in comment...
On the Daily TF we've been having a series of higher highs and higher lows, It looks to be that cad can have a further push to the upside all the way to me desired target of 1.27750. Should we remain above where price currently stands at 1.26600 in the daily perspective we can see cad rise above to my target soon.
Been a bit of a slow start to the week but we are now starting to shape some possible new moves, one of them been a possible continuation on USDCAD. Ill be waiting for more rejection out of 1.24000 area before taking longs. As always risk manage and keep to that trading plan!!
We consider buying this USDCAD pair because of a strong support below. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
USDCAD Evidence For Short 1) Market has not able to cross strong resistance twice. 2) Double Top is formed at resistance level. 3) Ascending wedge can be seen in chart pattern that represent bearish reversal. 4) Divergence can be seen on RSI that also sign for reversal. Don't forget to like and comment about this idea.
We consider buying this USDCAD pair because of a strong support below. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
We consider buying this USDCAD pair because of a strong support below. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
USDCAD just broke above the trendline and resistance zone upwards. We would be expecting a pullback to the broken zone and then look for reversal Candlesticks before going long to ensure a good 1:7 risk to reward ratio. Please let me know if you have any different view or analysis. Kindly like and Comment. Thanks