USD-CAD was trading in A strong uptrend but now The pair has hit a horizontal Resistance level of 1.37718 From where I will be expecting A bearish correction !
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.
USDCAD The formation of an ABC structure which could result in further downward movement towards the targets at 1.33788. What can you expect now? You can consider an entry from breaking through the level of 1.34707 Targets 1.34557 - 1.34260 - 1.33980 - 1.33540
USDCAD appears to be gearing up for a potential downward trajectory. When this downward move materializes, it is likely to establish a lower low before deliberating its next course of action. At this juncture, it faces the choice of either sustaining the downward momentum and further extending its descent or opting for a consolidation phase, characterized by a...
Hello Traders In This Chart USDCAD HOURLY Forex Forecast By FOREX PLANET today USDCAD analysis 👆 🟢This Chart includes_ (USDCAD market update) 🟢What is The Next Opportunity on USDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
Potential to further slide to the downside. Indicators and trend are supporting Sell setups next week. Trade with care!
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.
Many of you already know this big picture on daily chart, in the last few weeks we have been following this beautiful rally. Having said that, the trend is bullish on daily chart, but at the same time we don't rule out some corrective structure i short term. From a technical point of view, we have shown on the chart two potential areas useful for trying to take a...
Hello Traders, Today, the pair is looking to bounce off trendline, repeating the lower high / lower low pattern. Although the Daily shows price above the 200 MA, which generally gives us the trend, should we put in a short order and target last low of ~1.311?? I f we get a close today on or below the BB basis line, and tomorrow pushes it down further, I would...
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...
I will be entering a USD/CAD sell trade with a target set at 1.35550. The rationale behind this move is that the trend line has been breached, and I'm anticipating a retracement to my personal key levels. As always, stay tuned for updates.
We'll be keeping an eye on the USDCAD between 1.3700 and 1.3650 to see if there's any potential bearish momentum to trade short.1.3600 zone for the first take profit and 1.3500 zone for the second take profit. NOTE: USE ADEQUATE RISK MANAGEMENT. Keep in mind: No admittance, no confirmation. FOLLOW ME TO SUPPORT MY WORK AND LIKE
hello traders this is my analysis for usdcad based on the fib the zone is very good to sell, as always risk managment is the key.
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: As I expected in my previous analysis, price started bearish price action after taking out buy side liquidity. Now I look to add short position if price makes a retracement to fill the imbalance higher and then rejects from bearish order block. Like, comment and subscribe to be in touch...
looking bearish trend in daily timeframe bec follow descending channel
Recommendation: Sell below the point 1.3635 with the first profit target at 1.3585 and the second profit target at 1.3570. Alternative recommendation (in case of price trend change): If the price breaks above 1.3635, it is expected to initiate its move towards 1.3650 and 1.3670. Support and resistance levels on the 30-minute price chart (Pivot and...
USDCAD MN - ABC structure is visible, from which growth can continue to the level of 1.46678 W1 - The price has broken through the level of 1.36627, now we can expect a correction to 1.33952 After this level, both a downward movement and continued growth may develop. What can you expect now? Correction to 1.33952, then a clear formation will...
hello traders , it seems like usdcad has a very important decision to make either Break the bearish trendline and go up to the key support that i indicated or Reject from it and drop back to the bullish trendline for the buyers to regain some strenght the break out may be influenced by the fundamentals coming later this week to determine the fate of the...