According to the behavior of the price in the current support range, possible scenarios have been identified. As long as the price is below the resistance trend line, the continuation of the corrective and downward trend is possible Consolidation above the green resistance range will invalidate the above scenario
USDCAD is falling towards our buy entry, it could bounce off the buy entry and rise to take profit level. Buy entry will be at 1.34481, the overlap support. Our take profit will be at 1.35298, which is an overlap resistance. The stop loss will be placed at 1.33673 the swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high...
USD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair. The USD/CAD rate, as indicated on the live chart, shows traders how many Canadian Dollars are required to buy one US Dollar. Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis. Our expert industry insights will...
Good day guys! another great trade ( pending sell limit activated last Wednesday) march 6 I started checking this pair because of USD CAD daily TF It is in area of distribution ( supply) ---> I manage to go down from 4H to 1H so I can see fluctuations and introducing new areas of supply in smaller timeframe. It took me 3 hrs to wait for proof and validity...
Traders, USD/CAD has reached important support zones and RSI is oversold.
Amidst market fluctuations, the USD/CAD pair finds itself under pressure following a notable double top formation around the 1.3600 region, coupled with a divergence spotted on the Relative Strength Index (RSI) indicator. Currently hovering around 1.3523, the pair is poised for potential bearish movement in today's trading session. The uptick in WTI crude oil...
As mentioned earlier, let's dive into the latest developments regarding USDCAD's market dynamics. Get ready for insightful updates and potential trading opportunities. 🚀📈 📉 Downward Trend Forecast: Our analysis suggests that USDCAD is poised to transition into a downtrend. Why? Because we anticipate further downward movement in the DXY (Dollar Index), which could...
Preferred direction: SELL Comment: Medium-term shorts continue to be relevant for the USDCAD currency pair. As we said earlier, scenario №2 is more likely and even more effective. At the moment, there is a fact of accumulation of market longs, which provides a so-called resource for a fall. Here we note the presence of a limit buyer for CAD . Also, do not...
We can see that the price is approaching a strong buyer zone, now in order to sell we must wait for the price to give us confirmation candles in the zone, for me an envelope on H1 would be excellent. Blessings. ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, Podemos ver que el precio se acerca a una zona fuerte de compradores, ahora para poder vender debemos...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
🔍 Analysis: The USDCAD pair is currently exhibiting bearish signals, presenting an attractive shorting opportunity. The pair has shown consistent downward momentum, and technical indicators suggest a potential continuation of this trend. 💼 Trade Setup: Entry Point: Consider initiating a short position at the current market price. Take Profit (TP): Set the...
As we anticipated that the price should be bearish anytime soon and the H4 TF gave us a go ahead on the sells and now we are in deep profits still holding to reach the target levels.
Hello,Friends! Previous week’s green candle means that for us the USD/CAD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.351. ✅LIKE AND COMMENT MY IDEAS✅
USDCDAD is a hard pair to expect its next move, but now we have this nicely respected up trendline. if we look at the trand line and put our fib tool we will see that we are near the trend an also near the fib 61% and 71% FIB levels. all we can do now is to wait for a bullish price action around our 2 point ( fib level, trendline ) and from there we can enter a...
USD/CAD is currently in a downtrend. There is a support level at 1.33570. If USD/CAD breaks below 1.33570, it could fall to 1.32000. USD/CAD is currently in a downtrend and it seems that it will reach 1.33570 soon. If this support level breaks, USD/CAD could fall to 1.32000. This is just a signal and there is no guarantee that your trade will be successful. Do...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 Here is a detailed update top-down analysis for #USDCAD. USDCAD is hovering around the lower bound of the wedge pattern. So we will be looking for trend-following buy setups on lower timeframes. 📚 Always follow your trading plan regarding entry, risk management, and trade...
D1 - Bearish trend pattern followed by a pullback. Price reached a strong resistance zone and is bouncing lower. Bearish divergence. H1 - Lower lows. No opposite signs. Until the strong resistance zone holds I expect the price to move lower further after pullbacks.