Only in the weekly graph are we still on the upward trend, in all other chart times (H4, D1, MN), the model has changed to a bearish model. The USDCAD was stopped at 1.3090 because of the support we have there. The Stochastic is currently at Oversold. Short term: The USDCAD can rise to 1.3170 / 80 Long term: 1.2950
USDCAD labeled within a Bearish Impulse of a larger degree, with the expectations for a big impulse on the down-side to commence, but after a retracement.
See the screenshot from monthly timeframe below. We are trading against a prominent inverted Head & Shoulders pattern which has clearly broken the neckline and completed a successful retest. Therefore, I have taken a small position of 0.25% capital risk and if price action permits, I will look to add this position at a later stage. Monthly Outlook: Caution -...
De afgelopen week is de koers verder gedaald en nieuw dieptepunt laten zien. Er zit waarschijnlijk nog wat meer kruit in het vat om de prijs verder naar beneden te drijven. Zie afbeelding voor de toelichting op mijn analyse.
USDCAD break Sideway Keep watch retest... Target 1.3566 & 1.3620
We are in a rising channel that has been going on for several years. The most correct area to enter with a buying position is close to support and this is the situation at the moment, according to the Stochastic, we are reaching the end of the declines Take profit: 1.3850 Stop loss:1.32
Will be looking at the PRICE ACTION near support. There are two SUPPORTS, one at 1.3380 and the other at 1.3338. I will be looking for BUYs if price reaches these SUPPORT LEVELS and target 1.3520 as TP.
USDCAD will not break above $1.36664 because of no recent attempt to do so. The last time prices were that high was last june and they did not stick there for very long. I am goimg short on this one as i am following the primary movement of price. I have no confidence in this awaited Bullish breakout because prices have - most of the time trending below $1.13037,...
Disclaimer - I could be wrong/Trade at your own risk...
Possible long for USDCAD. Price has been moving above the 200 EMA and the 50 EMA for the last few months and has stayed with an ascending trend line channel, indicating a long bias overall. Price has also recently been in a parallel trend line channel for the past few weeks and I am predicting that It will continue to go on and create another swing high/higher...
USD/CAD We have seen price bounce back from the 1.34530 area to 1.32831 where it meets previous support. We also see a daily inside closure and further upside movement on the pair today. Further confirmation of the following can be taken in to consideration also. 1 - Daily Inside bar closure above the previous day - shows us buyers are coming into the...
As can be seen from the graphic model above, we are in a rising trend with a price that breaks new records every few times! and maintains a price that does not fall below the support we set, You can also see the history of this model- 4 times the price has reached the bottom of the bullish and then there was an increase of about 700 pips on average, We have what...
As can be seen in the chart above, we are on an upward trend, we can take advantage of the declines in order to buy We've added a target price graph that we expect it to reach Buy USDCAD: Entry Price: 1.3255 Stop Loss: 1.3170 Take Profit: 1.3700
Mathematically calculated bullish gartley pattern USDCAD... thus we're expecting this pair to be bullish to the 1.334 area. Its a long term process therefore we'll be longing every opportunity till we reach that red marked area... All the best.
USDCAD Completed Bullish Bat Pattern Hi Guys. Watch bottom for long. Good luck. Please support the setup with your likes, comments and by following on TradingView.