Pair : USDCAD ( U.S Dollar / Canadian Dollar ) Description : Completed " 12345 " Impulsive Waves at Daily Resistance Level. Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from the Upper Trend Line. We have CHoCH and Divergence in RSI Entry Precaution : Wait for the Proper Rejection or Breakout
D1 - Price respected a strong resistance zone and bounced lower. Bearish convergence. Expecting short term bearish moves to happen here. H1 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the two strong resistance zones hold I expect the price to move lower further after pullbacks.
Hello dear friends I hope we start a very good week. There is a good position in the currency pair of the US dollar to the Canadian dollar And I drew two movement patterns for this currency pair. In short, this currency pair has weekly and daily resistances, and due to the decrease in momentum, we can think about short trades. If the drawn trend line breaks...
double top formation in the background. supply zone for short 1.3630-65, stop loss: 1.3685, target: 1.3420.
Double bottom formed on 8th May, demand zone 1.3505-3470, sl 1.3465, target: 1.3700.
even though it looks bullish, it is possible for a correction to occur in the near future. the price is close to fibo 1. the fastest correction is the price may touch the SR Flip and then continue bullish, but the price can also fall to the trend line. notes and trends can change when the price drops to the invalid area. make purchases wisely, find suitable area for RR
USDCAD IDEA will move my sl if market makes me move it > WAITING AND PLOTTING
On Friday USD showed weakness while in other hand Canadian Dollar showed much strength. I think CAD will remain strong in next week against the USD.
#USDCAD USDCAD is now quite BUY. The dollar started to strengthen slightly because of the short-term POSITIVE SENTIMENT for the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that...
USD is weak against the CAD. I believe its falling journey will remain continue to the next week. It is better to look sell opportunity on it.
#USDCAD USDCAD is now quite BUY. The dollar started to strengthen slightly because of the short-term POSITIVE SENTIMENT for the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that...
#USDCAD USDCAD is selling quite a bit right now. The reason for that is CAD is STRONG and USD is DOWN slightly due to OIL being somewhat DEMAND. The BOC RATE HIKE SENTIMENT is also affected by this. Stay tuned for FED and BOC UPDATES. We think it will go up to 1.3515 level before going down again. Also, with this MARKET RISK ON SENTIMENT, the USDCAD PRICE...
We have a Weeky Source Supply and a 6 Months Destination Demand forming the Demand and Supply Equilibrium Curve, Currently Price is in the area which is High on the Curve hence the risk: reward ratio is very favourable in the trend direction. The Daily Supply is a potential trade in sell, risk is defined and reward is set, for analysis on a specific...
#USDCAD USDCAD is now quite BUY. The reason is because OIL is slightly WEAK, CAD is WEAK and USD is slightly UP. The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK. And MARKETS RISK has been OFF again for this reason. But with RETAIL SALES, ISM...
supply zone for short 1.3525-65, stop loss: 1.3585, target 1.3330 & 1.3290.
#USDCAD USDCAD is now quite BUY. This is because OIL is slightly WEAK, CAD is WEAK and USD is slightly UP with RETAIL SALES being POSITIVE. Also, MARKETS RISK has been ON again due to this reason. But this time US CPI data was NEGATIVE. The FOMC OUTLOOK was also very NEUTRAL. So now USD is very WEAK. But now with US YEILD getting a good CORRECTION, USD is...
USDCAD has successfully breakout its support level. Now if market show fake breakout then buy it.
With the market expectations after the FOMC meeting last night, expectations and bias have definitely change the way I seek to trade the dollars correlated pairs. I believe USDJPY AND USDCAD can give something amazing routine for the nonfarm payroll data released especially and I will seek a bullish entry for those pairs.