Welcome back! Let me know your thoughts in the comments! ** USDCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
In my analysis of USDCAD, I identified a potential buying opportunity in the Fibonacci retracement zone of 0.236 to the SND area. The market structure still shows a series of bullish trends, indicating a possible upward trend. However, it is important to note that this analysis will be invalidated if the price drops below a certain level. Therefore, it is...
Last week's analysis was still in accordance with the current price movement. Currently the price looks stuck in the support area. There is no possibility to occur bearish. If you want to do long, you can do it right now with a fairly small risk.
The USDCAD went like an analysis that was shared some time ago. I will still see the development of this price movement, whether the price will succeed in forming a new low so that it will make minor bearish. Maybe some opportunities we can see next week.
If you follow my analysis since the beginning of August until now, the USDCAD pair is still in accordance with the initial analysis. bullish for one full month. At present the price is close to the trendline that applies as resistance. If we pull the Fibo Extension, then the price is likely to go to Fibo 0.5 - 0.618 before the price is corrected.
the D1 trendline as a strong support area is still untouched and the price looks bullishly corrected. the possibility that what will happen is the price approaches the SR Flip area and falls back to the trendline support area and then continues its bullish trend.
on this fibo extension, it looks like wave a = wave c. when wave c has the same length as wave a and there is a correction, there is a possibility that this correction will approach the invalid area. if you want to go long, it is better to wait for a saturated candle in the SnD area.
#USDCAD USDCAD is now quite BUY. This is because OIL is slightly WEAK, CAD is WEAK and USD is slightly UP with RETAIL SALES being POSITIVE. Also, MARKETS RISK has been ON again due to this reason. But this time US CPI data was NEGATIVE. The FOMC OUTLOOK was also very NEUTRAL. But with RETAIL SALES, ISM MANUFACTURING DATA, and FED UPDATES, this situation has...
we see bullish move bec follow rising wedge and break falling correction and now uptrend and touch weekly level and complate 5th wave
on the 4h timeframe we see bearish movement bec usdcad make triple top we enter after rejection
on the 4h timeframe we see bearish move after retracement 0.618
on the 1h timeframe we see bearish movement bec price break ascending trendline
on the 4h timeframe we see bearish movement bec price move in descending channel
#USDCAD USDCAD is currently DOW. This is because the CAD is quite STRONG and the US CPI DATA is quite MIXED. Currently, MARKETS OVERALL RISK is being ON. For that reason, we see that CAD is becoming quite STRONG. They are currently working to make the USD STRONG with ECONOMIC DATA. Therefore, STOCKS can go down again according to US ECONOMIC DATA this...
on the 4H timeframe ascending trendline breakout now we see long term bearish movement but after some correction
#USDCAD USDCAD is currently going UP. This is because the CAD is quite WEAK and the US CPI DATA is very POSITIVE. Currently, MARKETS OVERALL RISK is being OFF. For that reason, we can see that CAD is becoming quite WEAK. They are currently working to make the USD STRONG with ECONOMIC DATA. Therefore, according to today's US ECONOMIC DATA, STOCKS can go down...
on 1H timeframe Ascending Trendline Breakout + retest confirm now we see Bearish movement
on the h4 timeframe we see short term bearish movement and after 0.618 retracement complete on 1.280000 in h4 timeframe then we enter long term bullish movement