The USDCAD currency pair is currently navigating through a crucial demand zone, with the primary level resting at 1.36820. This zone denotes a significant area where buyers are exhibiting heightened interest, potentially signaling a shift in market sentiment towards bullishness. Traders closely monitor this demand zone as it represents a key inflection point where...
The USDCAD sell ideas revolves around 4h and 15m timeframe. If the USDCAD reverse to be bullish, then there's a fibb retracement zone in 1.136919 in 4h. There's also a previous resistance that supposed to be a support but has been broken. In the 15m, the price make a new resistance right below the 4h previous resistance. The conclusion is, i tend to be...
Running positions as stated on the last analysis which is playing nicely. My targets are Previous weeks high and higher. If I get the pullback to the Daily BPR and H1 gap below the 50% of the dealing range I would like to add another long trades. There also could be potential bottom line of the ascending channel. Initial idea USD confluence Always follow...
USDCAD - Classic bearish setup - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short USDCAD Entry Point - 1.3745 Stop Loss - 1.3786 Take Profit - 1.3679 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
a zone tested several times means liquidity, so we must always go for liquidity zones! It looks like the dollar will continue to strengthen.... Watch for a good entry pattern! Keep it Simple! If you liked it, don't forget to follow me! :)
Pair : USDCAD ( U.S Dollar / Canadian Dollar ) Description : Break of Structure Head and Shoulder Bullish Channel as Corrective Pattern in Short Time Frame RSI - Divergence Completed " 1234 " Impulsive Waves
Given that the price has crossed the 78.6% level, the recent bearish wave is expected to be part of a correction. It is expected that a trend change will be formed in the current support range and we will see the beginning of the upward trend. By crossing the support range, the above scenarios will become invalid
DAILY - market structure: bullish - last candle close: bullish and false break - inverse head and shoulders - SD zone WEEKLY - market structure: bullish - bullish M with blue candle - SD zone 4 HOUR - market structure: bullish - Inverse head and shoulders
**USDCAD** Technical Analysis : We notice that the dollar is in an upward movement within an ascending price channel We can say that wave 4 has completed and wave 5 is beginning to form . Fundamental analysis : 7 may 2:00pm The Ivey Purchasing Managers Index it will be weak making the cad weak . **Buy deal 7 may : Entry from levels 1.367 and targets are 1.381.
ABC correction of recent downtrend in progress. Current bullishtrend should reach at least 37.6k. A from ABC correction hits double top. This is for better structure. Triangles show resistance and weaknesses of chart progression. The current triangle should be repelling it, making chart go more directly toward objective. The w to z waves are to identify a...
looking to sell UCAD supply's have been used and break of structure has occurred need a retracement to the entry aiming to take price to the LOD and 15 min demand
UCAD BUYS AFTER RETRACEMENT TO THE 15 MIN DEMAND cross above ema waiting, aiming for 1:2 and above
Preferred direction: SELL Comment: A busy middle of the week, during which we expect large statistics on production and the US labor market, and at the very end we expect the announcement of the Fed interest rate. In addition, we will find out the Fed's prospects for the near future. Against this background, US dollar shorts still look better, at least in...
All ideas are strictly my interpretation of price action. I am not a professional trader nor are these ideas professional advice. I will try to update my positions frequently .
We look for Long during next week. Everything depends on what DXY does, however looking at the current USDCAD trend we are more biased towards Long.
Hello Traders In This Chart Usdcad HOURLY Forex Forecast By FOREX PLANET today USDCAD analysis 👆 🟢This Chart includes_ (USDCAD market update) 🟢What is The Next Opportunity on USDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
Price Action is nearing a Demand Zone on the 1H chart, so we may be able to capture rougly +200-pip opportunity to the upside. Be prepared for the probability of Price Action consolidating or ranging around the minor Resistance Level @ 1.3709 and reversing to a DT once it reaches the major Resistance Level @ 1.3768. Short-term time frames (1-minute to 3...
Market touched upper channel and shown no strength to break higher. This rejection can push the market lower