Hello Traders, USDCAD has been on my radar for a while now. It has entered a key demand zone. However, It is our job to monitor how it trades lower to track when the bullish move will begin. If you look at the dollar index, you will notice it has shifted from the daily bearish move to the bullish structure. But USDCAD is yet to. This simply means that there is...
USDCAD moved out of the ascending channel and entered the descending channel . The market is consolidating after breaking at the support level. Price action is printing lower lows, indicating a bearish trend. We expect to retest the resistance then selling the opportunity. ------------------- Share your opinion in the comments and support the idea with like....
14th September daily bullish order block with imbalance as well. Demand zone for long 1.3180, sl 1.3125, target: 1.3315
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 !
looks like sideways? is there an opportunity? I like this kind of chart model, where we can make transactions with very little risk.
USD-CAD is trading in a Range and the pair went Down to retest the support Level of the range (1.33336) and we are Seeing a bullish reaction Already so I think that We will see some Further growth soon !
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.
there is a change in the elliot notation on this pair. if you look at the pattern that has occurred, then a complex correction has occurred and may enter the final period. I am more inclined to buy. looking at the existing history, the price always responds positively to the trend line, so the big possibility is bullish. bullish analysis can fail when the price...
USDCAD broke out of the ascending channel. Price is decelerating while approaching support. Price 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.
The USD/CAD has been consolidating since late last Friday. Key levels include 1.346 and 1.345 for the upper bound and 1.341 and 1.340 for the lower bound. The market appears to be in the middle of the storm that might be unleashed after the Bank of Canada’s (BoC) interest rate decision on Wednesday. In January, the BoC made history by being the first major...
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.
Here is my view for USDCAD on H1. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
USD-CAD broke a support Cluster of the horizontal And rising support levels Around 1.358 and the Breakout is confirmed Because the 4H candle Closed below the confluence So a bearish continuaton Is now to be expected on The pair after the Potential pullback !
On the 4-hour chart the trend started on May 26 (linear regression channel). There is a high probability of profit. A possible take profit level is 1.3499 But do not forget about SL = 1.3656 Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested. Thank you! Good luck! Regards, WeBelieveInTrading
Double bottom formed on 8th May, demand zone 1.3505-3470, sl 1.3465, target: 1.3700.
in the last week USDCAD did not experience an extreme price jump, the price range is still in the low range. still in accordance with the previous analysis, this pair still looks bullish with new invalid area updates. as long as the price doesn't fall more than the invalid area, the elliot wave notation is still in accordance with the old update.
We are looking to potentially long this pair due to the following reasons listed below: 1: Higher time frames remain largely bullish 2: Key Level breakout and change in market structure from bearish to bullish 3: Trendline breakout 4: Bullish falling wedge breakout The consider the frame on multiple time frames before we consider which direction to potentially trade.