USDCAD to climb from its upside confirmation at 1.39607 where it could potentially bounce further to 1.41311. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCAD expected to reverse up to 1st support at 1.37574 where it could potentially react and bounce to its resistance at 1st resistance at 1.39791. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Usdcad has been uptrend for over 3 weeks and now its at a monthly supply level so we can see a correction on the way on daily and H4 timeframes.
USDCAD Showing Multiple Signs For The Sell: USDCAD: Divergence on 4HR StopHunt On 4Hr Near Weekly Zone Indexes: DXY(US Dollar Index): Showing Signs Of Strength CXY(Canadian Dollar Index): Showing Signs Of Weakness
USDCAD expected to rise up to 1st resistance at 1.33588 where it could potentially react off and drop down to 1st support at 1.33062. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCAD reversed off its resistance at 105.587 where it could potentially drop further to 104.397. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
As we said in previous analysis, the value can now retest the downtrend to continue the fall, it could be a good reentry in the value so pay attention to his moment or put an alarm to get the best operation. For more analysis and updates, FOLLOW ME on twitter: BlazeGP and give a LIKE if you are agree. Focus in your analysis this week and I wish you a lot of pips!!
The value needs a retest in the downtrend, now is retesting a 78% of fibo and it's also giving us a confirmation of a sell zone, we expect at least 95 pips for this operation (1st TP will be in the marked supply zone), stay focused because the value is giving us a short entry. FOLLOW me on twitter for more analysis and GIVE A LIKE to my analysis if you are agree...
All the details about the active trades we have for the London session are in this video.. I watchlist for the day is much bigger but we cannot share it all as it is time consuing and our time is dedicated to our trading community and coaching program! Enjoy the video! More to come later! Busy day ahead!
Good day dear #investors and colleagues #traders. Your attention a technical analysis of the currency pair #Usdcad: #Comment_to_past_week: All last week, the currency pair spent in a narrow trading range of 76 points. And it closed at all with a less significant change, only -27 points (-0.21%). Despite positive macroeconomic data, #CAD is difficult to grow,...
USD CAD Timeframe W1. Parallel channel pattern. Price currently at resistance area, yesterday D1 was indecision candle and stochastic W1 overbough area. Sell 1.32765 SL 1.33485 TP 1.29835 (EMA 200 W1) Risk reward 1:4. Disclaimer on. May the Pips be with you :)
This is what can we expect about USDCAD this is an update of a previous analysis, i leave the link here, by the reasons exposed in the post (38% general fibo Daily+KL+ offer zone+78% fibo 1h) that means that this is a really strong sell zone.
USDCAD is approaching the Resistance area again from where it could drop. Traders can look for sells between 1.3300-1.3340 with SL above 1.3400 TPs can be placed at 1.3250, 1.3180 and 1.3033 as the downtrend takes place.
USDCAD bounced off 1.32677 where it could potentially rise further to 1.32972. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.