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.
-Following our last setup on #USDCAD price exactly rejected and bounced 120 pips from our area.
-Upcoming weeks we will mainly be focusing on DXY as there will be ease on us dollar to gain back its strength before the fed announces the hike in interest rate in February.
-It is possible for price to create LL however it is very unlike to occur.
Well, As you can see the price is in the trading range and there is liquidity on both sides of this range that can be interesting for the price to collect them.
For now, we expect the price to collect the liquidity pool below 1.33164 and then touch the demand zone or move to a higher target that you can see on the chart.
💡Wait for the update!
🗓️25/01/2023
🔎...
. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
#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...
What seems to be the completion of the wave 4 and the start of the wave 5 ... but to approve the purchase transaction you have to look for the ascending patterns of Price ... In the weekly frame time, you can see the double pattern pattern to complete this pattern. Become
USD-CAD is trading along
The rising support line and the pair
Is about to retest the support
So I am bullish biased and I think
We will see a bullish rebound
USDCAD 4H -TIMEFRAME ANALYSIS
💗Hello ladies and gentlemen
This is my new idea for 💥USDCAD
I hope my idea is clear
Support me by like and share thank you
Stay Safe💯💲💲💲
Good luck💰😍
#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...
USDCAD has been sliding within a Complex Corrective Pattern.
This is telling me that an Elliott Wave Impulse could be around the corner.
DXY can bounce for a come-back due to its pending Bullish Divergence.
All other FX-Majors (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, NZDUSD) are onto Reversals.
“Difficult to see; always in motion is the future.” — Yoda
My...
USDCAD broke out of the ascending channel .
The market formed a consolidation zone, price broke and closed below the zone .
Price is is testing a psychological level of 1.34000 and dynamic support.
We anticipate a retest of the resistance .
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
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.
D. BULLISH TREND
BREAK OF STRUCTURE
BREAK AND RETEST OF A MAIN S/D ZONE
PRICE ABOVE THE SMA's
4h. imma wait for price to either retrace the zone again and show me the bullish pressure through price action or if it continued bullish imma wait for a break and retest of 1.37000 then look for my entry on the 30m
Disclaimer:- Educational Analysis says Usd Cad may go Short according to my technicals.
This is not an entry signal. I have no concern with your profit and loss from this analysis.
Why Short?
Because the 4 hr trendline(backline) is been respected twice.
For Additional Confirmation on this trade. you may go for 15 min tf and pitchfork tool may help you to this...
