In my analysis of USDCAD, I identified a potential buying opportunity in the Fibonacci retracement zone of 0.236 to the SND area. The market structure still shows a series of bullish trends, indicating a possible upward trend. However, it is important to note that this analysis will be invalidated if the price drops below a certain level. Therefore, it is...
Last week's analysis was still in accordance with the current price movement. Currently the price looks stuck in the support area. There is no possibility to occur bearish. If you want to do long, you can do it right now with a fairly small risk.
The USDCAD went like an analysis that was shared some time ago. I will still see the development of this price movement, whether the price will succeed in forming a new low so that it will make minor bearish. Maybe some opportunities we can see next week.
If you follow my analysis since the beginning of August until now, the USDCAD pair is still in accordance with the initial analysis. bullish for one full month. At present the price is close to the trendline that applies as resistance. If we pull the Fibo Extension, then the price is likely to go to Fibo 0.5 - 0.618 before the price is corrected.
USDCAD looks very bullish. Last week, prices responded positively to the SR Flip area and continued bullish. If you want to buy, you can adjust your money management. There is a possibility that the price will be corrected in the SND area and then resume bullishness.
The possibility of a significant movement in the next few days for this pair. If you look a week ago this pair is more likely to accumulate with a structure like sideways. I am still sure that there is an opportunity to be limited to the SND D1 area below before this pair returns to bullish.
the D1 trendline as a strong support area is still untouched and the price looks bullishly corrected. the possibility that what will happen is the price approaches the SR Flip area and falls back to the trendline support area and then continues its bullish trend.
on this fibo extension, it looks like wave a = wave c. when wave c has the same length as wave a and there is a correction, there is a possibility that this correction will approach the invalid area. if you want to go long, it is better to wait for a saturated candle in the SnD area.
currently the price has formed CHoCH and broke through 2 SnD. there is a possibility of trend collapse where there is a trend escort to become bullish. This analysis will fail when the price drops more than the invalid area below.
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
USDCAD_H4 Bearish Reversal. Head & Shoulder Break out and target to tp, Share your openion in comments and if like my idea follow me. Thank you
Elliot wave count on usdcad suggests there should be another move to the upside to make up the wave 5.
#OutLook 21 to 25 September Dear Traders Today We Have an Analysis Of USDCAD D1. This Analysis Based On Price Action Theory. According to The Analysis, We Can See That After The Long Sell Moment Market Running In a Buy Trend With a sign of Ascending triangle 🔼 Due to This Moment We have tow new Targets( Resistance Level) 1st @1.33845 & 2nd @1.3578 If the Market...
- A potential FULL Flag formation - if close above the channel high, confirms the breakout the bull flag - if close below the short ascending channel, might expose 1.3750
Triple top detected, and price didn't manage to go higher than the previous swing high point. TAYOR! KHALID HAMID @ MK
After bouncing off the 100% Fib Extension, the pair hit resistance at the 38.2% and is now hovering just over the 1.3000 round number. I'm awaiting a valid close below the entry zone which is between 1.30235 and 1.29935. A decisive close below this level could lead to a potential +300 pip move into the 1.618 - 2.000 Fib Extension area.
USDCAD: 4 Hour cycle is bearish against 1/20 (1.469) and the 1-hour cycle is bullish against 9/8/2017 low (1.2065). Correction to the cycle from 4/17 low is proposed complete at 1.2957 low. Near-term, while dips remain above that level and more importantly the pivot from 4/17 low stays intact pair is expected to resume the upside. We don’t like selling the pair...
We see the price of crude oil spike last week due to OPEC decided to cut 1.2m crude oil daily production. If the trend continues, we do see the strength of CAD. Caution on the BOC Rate Statement on Wednesday which might influence the movement of this trade significantly. Technically, if the price able to break the support zone, we will call a short for it!