We have a Weeky Source Supply and a 6 Months Destination Demand forming the Demand and Supply Equilibrium Curve, Currently Price is in the area which is High on the Curve hence the risk: reward ratio is very favourable in the trend direction. The Daily Supply is a potential trade in sell, risk is defined and reward is set, for analysis on a specific...
I have a bullish setup for usdcad..market has been in this correction phase for sometime, waiting for a break of this.
D. BULLISH TREND BREAK OF STRUCTURE BREAK AND RETEST OF A MAIN S/D ZONE PRICE ABOVE THE SMA's 4h. imma wait for price to either retrace the zone again and show me the bullish pressure through price action or if it continued bullish imma wait for a break and retest of 1.37000 then look for my entry on the 30m
The USDCAD is moving in zig zag and running sideway in the box. Wait for the breakout of the box then take an entry to that direction. I think it will fall that's why I set it in short.
After a rebound from the previous TP (analysis completed) I expect increases around the upper limit of the drawn channel (green line) TP around 1.3750, around 100 pips GG P.S. This is not financial advice of course, just my idea.
USD-CAD was trading in a downtrend Below a falling resistance line But a bullish breakout happened So I am bullish now and I think The price will go higher
USDCAD is trading in a downtrend And the pair has retested a resistance cluster From where we are already seeing A bearish reaction so I think that the price Will go lower still
#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. So now USD is very WEAK. But now with US YEILD getting a good CORRECTION, USD is...
US dollar stopped its gain and reverted against the most major currencies. On the 4H graph against Canadian dollar, the instrument managed to break the support of the forming uptrend channel and started reverting into downturn. MACD histogram indicator is confirming this downtrend, the RSI fast moving line is already below the 50 neutral line, but with clearly...
I am bullish on USDCAD. USD seems very bullish in next week.
Hey tradomaniacs, USD/CAD has tested a strong key-support-zone which is the breakoutzone of the current major trend. The oderflow looks bullish so far in the small timeframe, so I will give it a long trade but ofc with aggressive management until we see a break out of the current consolidation. What do you think?
The market of USDCAD is near to its demand zone. Wait for the rejection on demand zone then take buy position on it. If market gives breakout to its demand zone then dont try to buy it.
USD-CAD was trading in an uptrend But now we are seeing a bearish breakout Of the rising support line So after the retest of the horizontal resistance at 1.38093 above I think the move down is likely
USDCAD 4h, After NFP release USDCAD has changed it's uptrend to downtrend on the lower timeframe. As the price has broken down with a strong momentum, currently the price retracing to the previous resistance turned support. It is highly likely price will test the 20EMA on the 4h and will bounce off. Upon rejection a sell trade is high probable targeting monthly...
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...
Price still makes consolidation and will be a continuation or it will bounce up. If you wanna follow me to take a trade, make sure your money management rule your trade
This is for short term And this is risky too. Please DYOR before entering the trade.
Here is my view for USDCAD on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!