USD/CAD still maintains a downtrend after the decision of the Bank of Canada USD/CAD has remained in a downtrend since Wednesday after the BoC voted to keep interest rates unchanged at 5.0%. However, the BoC still leaves open the possibility of raising interest rates even though the economy has weakened somewhat. From a technical perspective, USD/CAD fell below...
USD/CAD has had a hard rejection at the top of the Daily Bull channel. Unfortunately, we did not close the gap between 1.39 and 1.40. Instead, we fall back down to the 1.36500 area and still have some room to fall. I would start longing around 1.36, look for entries on the 1hr or 4hr chart and hold a position until the top of the bull channel. Key Points: 1....
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 Think USD/CAD after Correction Can be see Green Targets.
Price has been reacting to this structure and has lately been serving as a support for price. would it hold once more this coming week?? lets see
I'd love price to get to my trendline. Then with proper confirmation, i might short. Lets see
USDCAD is trading in Descending Triangle Pattern. It may face the resistance of the trend line after giving a good rally in preceding days. But it will not able to break the trend line and its pullback from the trend line resistance. So, we might see USDCAD may take support at minor support 1 and consolidate for time, or if it breaks that minor support, we may see...
USDCAD has given a good breakout from falling trendline from its top. Now it is trading in channel pattern, as you can see in the chart. Within the channel pattern, it is forming head and shoulder pattern, which is a trend reversal pattern, so we might think it will show downside after breaking the neckline of the head and shoulder pattern. Its target on the...
strong short usdcad for long term targets 1.1900/1.0700 just Trade with proper money Mangement thanks
SL may need revising.. Price just coming off a line of resistance however daily trend suggests price is in a very grey area. In other words it it can either hit SL or TP, just like every other trade.
Breaking the trend line, we can see the price going up to 1.32800, respecting the patterns. Trade by your own discretion.
USD CAD SELL, Hitting the trend line, rsi slighty overbought