U.S. Dollar / Canadian Dollar USDCAD

All information given inside the chart. I shared this for educational purpose only. Cheers

analyse

USDCAD on support.. buy the breakout .. first target recent swing high... Please hit like, share & follow for more ideas. Vinny

usdcad buy 1.2919 sl 1.2890 tp 1.3000

Price is bouncing off the lower internal line. Hoping to see it return to the median. Interested to see how price reacts to the Monthly CAM pivots. I may set TP1 at CAM S3, and extend TP2 near the yearly pivot (red line). Worthy to note the oversold RSI. I've labeled the 5 reasons why I think this pair will reverse on chart.

Trade the set up. Good luck.

passively enter into such a tense market ... I would advise waiting for the closing of the monthly candle and further making decisions. the only thing I can advise - if the red news at the end of the week or sharply flies in, then buying a pair is more reliable than selling! if I decide to enter, the signals will be on my channel (see profile and subscribe)

BUY

Daily strong support.

Loooks like this is an important level with 200 day SMA and the uptrend channel at a good level of demand. trade carefully guys.

USD/CAD Has reached the level1.29000, wich is a possible important support level. Now waiting for a daily green candlestick for the second conformation for a possible buy trend.

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Price is bouncing off the lower internal line. Hoping to see it return to the median. Interested to see how price reacts to the Monthly CAM pivots. I may set TP1 at CAM S3, and extend TP2 near the yearly pivot (red line). Worthy to note the oversold RSI.

Buy the Dollar at the support till the resistance. But Sell the Dollar at long term.

This pair is at strong D1 Support level, it has been tested in the past. In H1 shows Bullish engulfing candle. SL 1.2860 TP1 1.2980 TP2 1.3050 Good Luck

USDCAD - H4 Long

Back to support, only enter when seeing impulse , a corrective move means more downside

The USD is still weak and the price is above a support area. The price is likely going to break down trying to reach the down trend of the descending channel.