U.S. Dollar / Canadian Dollar USDCAD

price is aprroaching the key resistance level. worth having it in the watch list.

Hey Everyone, Today, all Eyes are on Bank of Canada Consumer Price Index Core E.T 2.22M and at the moment Initial expectation is Hawkish for CAD (future updates will be posted) currently as per our Technical side USDCAD is Forming a Bearish BAT on 240M Chart price is not that Overbought but according to H1 Chart it is slightly Overbought and hence this trade ...

Looks like it may be topping out again. $DXY $UWT $DWT $USO $CL_F

just waves

Looking to sell USDCAD to potencial 2618 trade, perfect double top second impulse longer that the first at 0.618 fibo retracement. First take profit based on support and second on the 0.27 fibo retracement

Let's keep it simple again. We have reached our targets. ( See attached idea ) I SHS pattern formation. We will keep you updated. - Members First :-) Good Luck

Hello fellows, USDCAD 4HR SELL PLAN: In the chart, the price range moving into a critical passthrough zone. The market marking a downfall setup, at 1.33410 market printed an impulse and short out the upward movement from the massive fall. After the trend change, candles formed back to back impulse for an up run. unfortunately, candles don't have enough strength ...

If you are not long USDCAD already this is your chance to join. Today price action is giving us a one candle trade. Stop loss should be below the daily candle today.

UCAD given us a 1 hour wick indication that it will not continue its trend to the upside. While Mid week has given us a double top rejection in order to fill in its B leg for this ABCD pattern. We can finally see buyer zone getting very exhausted!. Risk to reward is also great for the taking

Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!

Today I consider two scenarios for USDCAD.

Breakout Bar, 2nd entry. Expecting breakout pullback

Good strong USD for the past week. High chance of it making new highs. A potential Bat setting up on the Daily charts

On the 4hr chart a bearish gartley has formed. We expect the market to drop from this point. Look for bearish evidence before taking the trade.

USDCAD is approaching our first resistance at 1.3331 (horizontal swing high resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 1.3215 (horizontal pullback support, 100% Fibonacci extension, 38.2% Fibonacci retracement). Stochastic (55,5,3) is also ...

USD/CAD just made a good selling opportunity

The USD/CAD is on the march north, smashing resistance on its way to a test of the 1.3275 handle. Traders have jumped on the USD’s bandwagon and even an early-session bullish breakout in WTI crude oil was no help to the CAD. Now, it appears that fresh yearly highs may be in the cards for the Loonie. Shorting the daily double-top pattern at 1.3385 may come into ...

Trade the set up