Time to update my USDCAD outlook made a month ago: As you see the Channel Down eventually prevailed and the divergence was created as the condition I set (breaking the dashed Lower Highs trend-line) was not fulfilled. The price is now testing the 1D MA50 (blue trend-line). A break above still has to overcome the top (Lower Highs) trend-line of the Channel...
USDCAD has created a double top on 4H on weekly resistance and highly likely that this instrument will drop early next week with high probability. Please press the like button if you find value in it.
⛔️ USD does not have such important indicator data to release today. But the most important LABOR DATA for CAD is due out today. It will be released during the NEWYORK SESSION. Most likely it will be POSITIVE. We are waiting. ⛔️ DXY is currently at 98.83 LEVEL. USD has been WEAK for the last few days. But after the FOMC, the USD got a slight POSITIVE...
- Some of the most important data for USD will be released this week. Among them, JOLTS job openings, CB consumer confidence, ADP - non farm employment change, FINAL GDP q / q, crude oil inventories, Core pce price index, ism manufacturing index, NFP are the most important DATA. - The OPEC MEETING is scheduled for this week. Also important indicator data for...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
Quick one! I have come to notice the indecision phase that is currently emanating from a demand zone around 1.26 area which has a strong memory for buying power. And this phase appears to be evolving into what looks like a reversal structure as the price continues to reject 1.25750 (3 times). Risk Disclaimer: Margin trading in the foreign exchange market...
The USDCAD pair has been trading within a Channel Up since the June 01 2021 Low (which was also the market bottom). However, since the December 20 2021 High, it hasn't delivered a Higher High. In fact the December 20 High made a Double Top with the August 20 High, creating the current Resistance. This has created a new bearish sequence within the Channel Up and...
Look at key levels for price to react from. Use low risk and stop loss, BE, paritals
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied. Dear Traders, If you like this idea, do not forget to...
#USDCAD Looking for Buy trade setup as I mentioned in the Chart.! Keep Supporting LIKE, COMMENT And FOLLOW.! Thank You.!
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied. Dear Traders, If you like this idea, do not forget to...
#USDCAD Looking for Sell trade setup as I mentioned in the Chart.! Keep Supporting LIKE, COMMENT And FOLLOW.! ThankYou.!
USDCAD has bounced up from the diagonal support of the rising channel on Friday. Within the channel I see a head and shoulders pattern on lower timeframe. There's a possibility that USDCAD will fall the coming week. I am interested in seeing price testing the broken neckline of the head and shoulders and see if there will be some sort of rejections around the...
The NEW 1ON1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately. All likes/comments and feedback are very much appreciated! How to play my chart: Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green...
MOnthly bullish retrace to fib level 0.5 weekly bullish . daily bullish wait till it touch 0.618 and take the trade on smaller time fram when things bullish after small retest. :)
Not really much happening on USDCAD, we are now just seeing price make a retracement like I expected, then ill be watching for hopefully the next short wave down.
Overall, USD/CAD is trending upwards. Bank of Canada (BoC) Governor Macklem will be speaking tomorrow at 0300 (GMT+8). Also, BoC committee member Schembri will be speaking tomorrow at 0605 (GMT+8). During these times, there may be volatility in CAD. USD/CAD’s next support zone is at 1.26100 and the next resistance zone is at 1.29000. Look for short-term buying...