The latest bullish USD-CAD phase is due to a weakness in the Canadian dollar. While the US dollar has moved sideways, the Canadian namesake fell, and this is in part explained by the sharp decline in oil. On the chart, the price is about to reach an important resistance at 1.37000. Let's see what could be the future of the currency pair, with some macroeconomic...
TARGET: 56 PIPS TP1: 1.33278 TP2: 1.33598 SL: 1.32437
this one extended more than i thought but i am still expecting it to fall straight down soon
i am expecting this drop, its reversed more than i was hoping for but, its just gives us a better entry point. watch for a flag and short like, comment and follow
Hi Guys, keep an eye on this one if it breaks sell. The upside is still possible for a higher degree correction but no buy setup as yet, if it does give a setup i will update the chart. Trade with care. Thank you for your support.
USDCAD has formed strong bullish candle on monthly chart as well as taken good support from 38.2% fibbo level.It is tron till in trade above 1.30000. My view will be bullish for the taget of 1.32000 and 1.32500 levels. Buy 50% now and buy 50% if price get corrected. Always book 75% profit near first target.
A look at the weekly forecast for the USDCAD. The pair is forming a weekly pattern similar to the one shown previously. Price expected to fall till 1.30 - 1.275 Area If managed to break the uptrend channel next target will be 1.20
Hi Traders .. USD/CAD looking intresting on weekly timeframe . clear pinbar formation tells the seller presser . USD/CAD will continue it down trend with a nice exaution to downside. Keep it simple . i dont use the indicater . im the indicater
NFP results for USD were not good today and employment change results in CAD was better than expected. It is very possible USD/CAD is now in a short trend as indicators and candlesticks indicates. If the 200 EMA is broken, then it's going to go down until it finds support and the trend changes.
Hi traders! USDCAD has been consolidating in a small region for quite some time now that it has touched a huge support. It may finally be the support we been waiting for.. FOR THAT BOUNCE! Long term is still bearish-ish... but now we can stand tall and LONG this trade now. MACD & RSI begging for a correction!! USDCAD LONG : ENTRY : 1.24911 SL : 1.23758 TP :...
Our preference: sales position below 141.20 with targets at 139.50 & 138.10 in extension. Alternative scenario: in excess of 141.20, aim for a continuation of the increase with 141.80 & 142.65 in line of sight. Comment: as long as 141,20 is not exceeded the risk of a depression of 139,50 is important.
So far price from last week has seen a bearish price break to the lows of 1.33400 from around that area price has come back up off some support. The forecast for this week is price to come up to that daily resistance of 1.34364 and and we want to typically see a break of the trend line (4HR) to the downside. Just will be patient to see how it develops.
a break below here will unfold the move towards 1.2820 and 1.28, 1.25 is the extension there which will be unlocked once we see a break below the neckline. The 1.34 handle is there to be respected, RSI also looks to break below here to further activate the waterfall. Gl and please remember to give this idea a thumbs up!
We see the price move between the range of 1.280 to 1.360 for few more weeks and than a big upward move to 1.450 level - We have to see the price action on the lower frame charts to analyze the short term trade setup - But, In longer term we are LONG on this pair.
Flag pattern showing the continuation of the downtrend, triggering short trade on the pair, SL & TPs are shown on the chart