The USD/CAD pair is trading near 1.3640, shrugging off bullish oil price trends. The Bank of Canada is expected to keep rates stable at 5.00%, while mixed U.S. economic data keeps the USD strong. Market focus is on the upcoming U.S. ISM Services PMI and BoC rate decision for clearer directional cues. TRADE IDEA DETAILS CURRENCY PAIR: USD/CAD CURRENT TREND:...
Hello traders, we want to check the USDCAD chart. The price has broken the ascending channel to the bottom and is pulling back to the specified key level. If the price cannot break this level, it is a good entry point for a sell trade. In case of a fall, we expect the price to fall to around 1.35000. Good luck.
USDCAD, recently broke out of the uptrend and it is now confirmed that price will continue to be bearish. Like and Share :)
Dear Traders, hope all of you had a great weekend, USDCAD approaching a high potential selling area where we can expect price to reverse for short period until DXY settle its market equilibrium. Once it is settled we will expect prices to be bullish for long period. A strong rejection at our ‘golden line’ will indicate us, whether price will reverse or not.
USDCAD decelerated while approaching support, then bounced off it following the divergence. Price bounced off the psychological level of 1.35000. If you look left, the last time the price surged from the support level. We anticipate the same price action and a retest of the resistance. ------------------- Share your opinion in the comments and support the...
Hello Traders, USDCAD just traded into the daily demand order block and the expectation is that price should continue its bullishness. The expected rally is to take out near-term buy-side liquidity and hunt the weekly buy-side liquidity. I say this is dicey because the dollar is at a level where a shift from bullish to bearish can happen, but my speculation is...
USDCAD made a false breakout of the ascending channel. It's consolidating around the psychological level at 1.36000. The market is testing the strong resistance level on the D chart. It might pullback because we have five cinsequitive bullish weeks, so the market should retrace. We expect a false break of resistance, giving a sign of...
The USD/CAD pair is holding firm around 1.3500, despite weak US economic data for July. Awaiting insights from the Jackson Hole Symposium, the US Dollar Index continues to climb. Meanwhile, the Canadian Dollar is affected by falling oil prices. Scotiabank sees USD-bullish trends but cautions the currency is overbought. Key resistance and support levels are...
this pair has formed a valid trendline with 3+ touches and broke it we waited for a trendline retest and now we entered a short (sell) position Good luck
double top formation in the background. supply zone for short 1.3630-65, stop loss: 1.3685, target: 1.3420.
USDCAD making a triple top and price might comes down from this resistance. Manage your risk Accordingly!
USDCAD is currently trading in an ascending channel. The market created a consolidation zone or triangle pattern. Essentially, the price is coiling up before breaking through the level. We anticipate a retest of the major resistance in anticipation of completing the AB=CD pattern. ------------------- Share your opinion in the comments and support the idea...
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...
USDCAD looks very bullish. Last week, prices responded positively to the SR Flip area and continued bullish. If you want to buy, you can adjust your money management. There is a possibility that the price will be corrected in the SND area and then resume bullishness.
The USD/CAD pair witnessed a surge amid a resilient US Dollar and dropping oil prices. The Canadian Dollar was impacted by weak employment figures and the decline in oil prices, a crucial export product. Meanwhile, the US is bracing for persistent inflation, with headline and core CPI remaining steady. The financial landscape is further complicated by potential...
Market Grabbed the Liquidity and Expanded Much. Leaving a Liquidity Zone and Buy Area Pending on Lower Side. After MSS, We waited for Inducement Level, Increasing the Setup Probability. Now, Expecting another MSS on M15 in POI Zone for Further Buying.
H2 TF FVG is Internal Structure Liquidity to be taken Out by Market. Asian and London Session are Strongly Bullish. Expecting a Fall on Today 7:00PM (PST) News Time. Entry After M5 CHoCH.
Hi, According to my analysis of the USD pair. There is a high probability of falling. The pair broke the strong support at 1.33350. A very negative candle on the weekly chart. He also tested the same area, but could not break through the broken support. Good luck everyone