Hello traders!
‼️ This is my perspective on USDCAD.
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish orderblock + institutional big figure 1.34000.
‼️Attention!!! Due to the fact that we have a news on USD tomorrow, the analysis...
#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...
Hello Traders, as you can see in this smc analysis the price also broke the hma 209, it made a pullback on it and got rejected with a long legged doji candle at the point of interest zone.
USD/CAD :::
Orange line :: is a reliable line that the price reacts to every time it is touched, and this line shows the downward trend and currently plays the role of support for the price position.
Blue line :: It is a resistance that has been formed in a shorter period of time and the price has recently broken it, which can be another reason for the...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
Hello traders!
‼️ This is my perspective on USDCAD .
After price took out sell stop liquidity with that spike I expect price could make a retracement to fill that imbalance higher. I will look for a short if price rejects from bearish orderblock.
Like, comment and subscribe to be in touch with my content!
USD/CAD :::
The price is on a support, if it is well supported, the price will move up and if the price can break the support ::: it will increase its speed in the downward trend and will easily move to the bottom of the descending channel .
<<<< Analyze simply with The_Best_Trader_1991 >>>>
USD/CAD :::
The price is completely in the downward channel, the trend line has created a support and causes the price to return to the top every time it is hit, but in the end, the downward trend will lead it to the bottom of the channel .
USDCAD shows being bearish on MACD. This suggests the breaking of the mentioned support area to then retest it again. This gives the sell signal to continue bearish towards the specified white line on the chart previously tested about 4 times more or less. Details on chart.
Hello traders!
‼️ This is my perspective on USDCAD .
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. Further I see price to go higher to fulfill that imbalance and look for a short if price rejects from bearish orderblock.
Like, comment and subscribe to be in touch with my content!
USD/CAD :::
The triangle pattern was well formed and now the price has broken it from the bottom and this has caused the price to decrease. The probability of the price returning to the triangle is low, but the continuation of the downward trend is certain .
#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 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...
Hello Traders,
on daily timeframe FX:USDCAD can reach precedent weekly lows ( 1.344 ) and drop from there to reach the 1.30 levels.
For the short position we need to monitor this level and a 4H + confirmation rejection we can entry targeting 1.30 for a good weekly swing.
Thanks for your daily support and comment with your charts!
Illyrian Finance
