USD-CAD looks nice for a short setup, but first, we need a break of support zone at 1.32659 (pointed white line ) and confirmation on 15min tf to enter in this short setup.
Script shows signs of reversal with upcoming CAD news today. Bearish divergence and AB=CD reversal patterns shows CAD NEWS of employment change will be bearish. Would the chart pattern supports the news or NOT? Also need to check old saying "SHOW ME THE CHART, I WILL TELL YOU THE NEWS"
Hello, according to my analysis of the USD pair, there is a high probability of an upside. With the price breaking the descending channel. Also break a strong model with a double button. Good luck everyone
#USDCAD Let's Short For Short Time, Then Long For Mid Time..All zones in picture ...
If the next bullish candle and breakout than market goes down.This idea is only for educational purpose take trade your own risk .
Position Trade - USDCAD In the Monthly Chart, - Price is reaching again the Supply zone - Although price has been testing it over the years, the Supply zone has been holding. Thus, the price may reach deeper into the zone before dropping again, thereby presenting opportunities in the lower TFs i.e. WK or D1 for SHORTS In the Weekly Chart, - 2 things can...
After the liquidity taken and change of character and the rejection of the FVG we will see a drop in the price it's just idea
I think that the last downward movement can be up to OB or the bottom of the channel, of course, the end of the classic pattern is AB=CD and then the upward movement.
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts. I expect bearish price action from here as we can see that price rejected from half of imbalance + 1H breaker block. Fundamental analysis: Tomorrow we have news on CAD, will be released...
✔️USDCAD is expected to fall ✔️Recommended to consider Selling from Seller Limit Area 1.3278 & 1.3250 Zone Now try to move down with new Sellers. ⚠️SELL the TOPS!!!
👩🏽💻 Technical: The USD/CAD pair has shown some intense selling pressure recently, hitting new daily lows. Yet, it keeps bouncing off the 1.3140 level on the 1-hour and 4-hour charts. This stubborn support is a clear sign of a tight competition between buyers and sellers. 🎯 For an ideal entry: For those who prefer safe plays, patience is key. Hold off any action...
Hello Traders In This Chart USDCAD DAILY Forex Forecast By FOREX PLANET today USDJPYD 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...
USDCAD after failing to trend upwards and ranging for the first 2 trading days of the week, has finally made the push downwards fulfilling my price speculation and weekly bias. Check out my previous publication for an image and explanation of what i expected going into the week, and now where could price possibly be headed going into the remaining 2 trading days...
Canadian dollar is much stronger against the US dollar. For the time being there is some chances that USD may rise little bit and then it will hard as per my analysis.
#USDCAD in This Setup USDCAD is Clearly going to down after some restressing Best Enter after Market Opining
USD-CAD is now consolidating Below a broken key horizontal Level of 1.33200 after the Bearish breakout of the Double Top pattern so I am Somewhat bearish biased And I think that we will See a move down !
On the 4H timeframe, there is bearish order flow, forming lower highs and lower lows. A pullback to key resistance zone at 1.3350, which is in line with the 50% Fibonacci retracement level, could provide the bearish acceleration to the support zone at 1.3000, which coincides with the 261.8% Fibonacci extension level. Price is hovering below the 20 EMA and ichimoku...
On the chart we can see that the price is in the middle of the range. We expect that the price will come back down and will retest the key support at the bottom of the range. It may take some time, but we believe that it will happen in 2024. It would be our entry for a long position. From another hand, if the price pump and reach the top of the range , it may be...