USDCAD rejected on weekly resistance, these resistance area is based on 2015 high price level. Now price gives information of 4H candlestick pattern. The price will fall down at least daily support area.
USDCAD reversed off its resistance at 1.47155 where it could potentially drop further to 1.38311. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCAD ; Trade : Short/Sell Profit Target : 7% < 15% (Swing & Long term) Trade Type : Reversal
Daily Time Frame double Top Pattern formed and we can see trending pattern in Bearish Form. More drop expected as per chart pattern analysis. ThankYou
SHORTS from pink box zone given await rejection then enter, if it doesn't reject this trade set up is then invalid SMALL LOT SIZES
Just a few key points that I'm watching on the hourly timeframe: USDCAD reached January, 2016 highs earlier today Currently monitoring this wedge breakout for further selling pressure potential We want to assess if resistance holds up at the latest level breach @ 1.4424
Hello traders, this might be our last analysis for the week. As we can see that the pair has hit the resistance line and also broken the trendline support, we can expect a sell from here. The pair will possibly come till the support line. Take a sell from here TP=1.40000 SL=1.47177 Views welcome guys. Thanks. Ryan.R.Lopes
USDCAD CAD pairs are mostly influenced by the price movements in oil market USDCAD has break the major resistance zone 1.41000 and run up to 1.46800 and stalled The upward trend-line was broken in One hour chart We can expect short term fall back as its in overbought condition We can enter at the 1.44700 level which is 78.6% Fibonacci level ...
USDCAD reversed off its resistance at 1.47155 where it could potentially drop further to 1.38311. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCAD is showing multiple confirmations for the SELL Huge wicks around previous reversal area Indexes: CXY(Canadian Dollar index): Showing signs of strength DXY(Dollar Index): Showing Signs of Weakness
USDCAD reversed off its resistance at 1.47155 where it could potentially drop further to 1.38311. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
FX:USDCAD Price has come to a resistance point in weekly time frame, we want to see if price is going to reject that point and act as resistance and after a retest of that zone we might consider of opening a sell position up to 300 pip target. We are looking for the retest in 1H time frame
USDCAD Pushing up a bit to the upside. We need to wait patiently to see if we are going to continue to push to the upside or if we are going to reject off resistance and roll over to the downside.
There is a gap around 1.34x... Its just the matter of time any gap must be filled
USDCAD reversed off its resistance at 1.42671 where it could potentially drop further to 1.39750. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.