FULL WAVES COUNTING FROM WEAKLY AND DAILY CHART. 2 years back analysis. 3 posible sceanrio that futur wave ABC could take green (bullish scenario): what to look for: -price of oil (the lower the better) -us inflation (the higher the better) orange (neutral scenario) red (bearish scenario) (this is the most probal scenario, taking in count the rally of...
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Hey Traders currently analyzing uscad i believe that the Dxy will get stronger over time which will push the dollar over the Canadian and by doing that usdcad will be bullish looking for long term movements on .
USD/CAD fib retest to weekly support. Break above previous week highs then to 1.35000. 🚀 Continuing weekly trend.
+Weekly timeframe forming a lower low + Multiple wick rejections of 1.330 level + Hitting strong support + Showing signs of Buyers exhaustion + Sellers coming in as price stalling
If the Reds win, we can see that the prices have increased for many years. However, if the Blues are stronger then it is a fact that the prices may drop further. May the best win... Only personal opinions and ideas. Does not Include Legal Investment advice...
SELL @1.39213 STOP @1.43482 TAKE PROFIT @1.28583 TRAIL @1.41348
SHORTS from pink box zone given await rejection then enter, if it doesn't reject this trade set up is then invalid SMALL LOT SIZES
Disclaimer - I could be wrong/Trade at your own risk...
#USDCAD pullback to 1.3370 as WTI breaks $65.00 Rally in Canada’s main export item triggered the pair’s pullback. Data from the US and oil market developments will entertain Loonie traders. A 100-day simple moving average (SMA) at 1.3330 seems nearby important support ahead of dragging the quote 1.3300 and March 19 lows near 1.3250. Alternatively, the successful...
USDCAD Structure Break.... Keep watch Target 1.29750 & 1.28850
DONT MISS THIS PEOPLE ENJOY See previous analysis PLEASE SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
WATCH OUT FOR THIS BREEAKKK. DONT MISS IT thou we might see a reversal at the trend line, i am expecting it to still break down in the very near future