USDCAD reversed off its resistance at 1.32104 where it could potentially drop further to 1.31000.
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The pair may grow.
On the 4-hour chart, the third wave of the higher level (3) develops, within which the correction ended as the wave ii of 1 of (3). Now, the development of the wave iii of 1 has started, within which the wave (i) of iii has formed, and the correction (ii) of iii is ending. If the assumption is correct, the pair will grow to the levels of...
ANALYSIS ON USDCAD
Welcome to my analysis
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30 Min Chart
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Interesting Point of interest In the USDCAD pair.
- Price below 200 day EMA on 30min chart.
- watch red and green horizontal ray lines for sell.
- MACD showing bearish divergence on 15min time frame.
- Watch out as we could have one more pullback before going down
Expecting more move to the downside...
Overall, USD/CAD is ranging across. Recently, USD/CAD is trending downwards.
USD/CAD’s next support level is at 1.31500 and the next resistance level of 1.33300.
Currently on a swing trade, waited over a week for this set up, but on friday she made the drop, entry currently running in massive profit and team bagging nicely...
If not currently in,another opportunity is seen at .32400 target remain the same.. lets bag in success...
Disclaimer!!! 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.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade...
-USDCAD looks to extends more downwards.
-Sell from the Resistance level of 1.3230.
-Look for TPs around 1.30800.
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t.me
I feel we might be done going up on USDCAD. Price can still head as high as 1.35 but currently we had a strong drop in Jun. and consolidated in between the 50% fib from the top and bottom of that weekly trend down.
Now price shows a double top on daily and an head n shoulder for a lower drop on the hourly chart.
Price curvature shows weakening buy power. Feds...
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