I am bullish on USD Fundamentally as they are recovering well from the pandemic I am bearish on CAD towards the American dollar as America has a stronger currency I see a consolidation zone in USDCAD from 2015 and we arrived at the bottom of it this month, my entry was a candlestick pattern that consists of 3 candle sticks 1st candlestick must be a...
Speculators (Loonie longs) are starting to have a difficult time here to get any more skewed than they already are. (and all for what?!) Also, they are unlikely be able to take too much heat, in what is The Weakest FX (long) positioning in the civilized world, before a spectacular implosion. This one (title chart) is a severe liquidity issue, at best; The...
Hope you like my idea for this pair. Like and comment below. Glad to hear that
Hai traders, here's my analysis for USDCAD. Price has made descending channel, break the previous lower high in lower TF and I assume it'll continuo bullish. but if price showing impulsive to down trend then I will cancel my order. If you have different opinions feel fee to comment below, I am just a newbie in trading :)
Like the title says. The Daily;
🔹 USDCAD is only bullish above 1.2805 — next resistance would be 1.3000 - A bullish Dollar Index will help USDCAD to rise
Interest Rate News on Wednesday created a sudden market gap in price to the downside drawing on sell-side liquidity. Price should close higher on Friday to fill the void left by institutional selling on Wednesday.
Here is a close up of the Long Entry ... and the Weekly;
USD/CAD is currently at a pervious support and now a resistance so waiting for the price to retest the zone for a LONG .
Waiting for the next 2 x 4hr candles to test this support. If keeps wicking around this zone on the next 2 x 4hr candles. I’ll take the swing higher with stop loss just under the multiple wicks. Keep an eye on peeps, great risk/reward ratio here.
USDCAD is going to face a rough demand zone at prices levels 1.22738 , 1.27305. we have to watch levels 1.2766 and 1.27305, if USDCCAd breaks the zone we can see it visits lower prices could be until 1.2558 at the same time we can see a divergence at MACD Indicator.
Target: 1.3300
breakout from 4H descending broadening wedge, long opportunities
Hey Traders currently analyzing uscad i believe that the Dxy will get stronger over time which will push the dollar over the Canadian and by doing that usdcad will be bullish looking for long term movements on .