The current buying zone for CAD/USD stands at 0.7310, indicating a favorable entry point for traders looking to purchase Canadian dollars with US dollars. This suggests that the Canadian dollar is valued at 0.7310 US dollars, presenting an opportunity for investors to enter the market at this level. As for potential gains, traders can set their take-profit levels...
🕵️♂️ Let's delve into analyzing the popular forex pair USDCAD for the upcoming week! 🌟 In higher time frames, particularly weekly, the US dollar versus the Canadian dollar has been ranging between the price levels of 1.31811 and 1.38292 over the past 600 days. This indicates a logical fluctuation without any significant market-moving news. 🕯️ After reaching...
USDCAD shows several signs of a bullish trend, after testing a significant intraday support level. These include breaking through a resistance line in a falling channel and surpassing the neckline of a double bottom pattern. We can anticipate upward movement with targets at 1.3719 and 1.3750.
hello guys... I published before about the head and shoulders pattern and the rising pattern, you can check it that the target touched! You can see the usdcad made a Quasimodo pattern and it is possible to start an upward movement to the blue area! but the question is from where?! there are two scenarios: 1- starting from the QML (S1) 2- starting from the...
Hello,Traders! USD-CAD is making a Move down to retest A horizontal support Level of 1.360 and Its a strong key level So after the retest we will Be expecting a nice Bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H1 & H4 time-frame - Price action is at a Supply Zone area - Price action may reverse towards the ascending support Trendline - Targeting the 38.2% Fibo retracement Suggested Trade: Entry @ Area of Interest 1.3760 - 1.3800 SL @ 1.3854 TP 1 @ 1.3697 (Close Half-Position & move SL to...
Hello traders, We are watching the USDCAD pair today. After the dollar news and the Fed's interest rate decision yesterday, the USDCAD price fell, finding support at 1.3710-1.3720 above the Alligator's jaws. At the moment, the price forms a good signal according to my Alligator strategy, fulfilling all the conditions and requirements for entering a BUY trade from...
Usd/Cad Daily Timeframe Daily & 4 hour timeframe is still maintaining bullish structure and now its at a demand zone . We can see potential buys around this area lets see what happens this week .
Price is coming down to a key area I expect a re test at that area and for price to go up
It is expected that this currency pair will start to fall after a little growth until it reaches the set limits
We expect a slow move to the upward direction and then sharp down and then sharp up making Regular Flag or expanding flag.SR SL TP are given to the charts.Result will be updated soon.
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.36900 zone, USDCAD was trading i na downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.36900 support and resistance zone. Trade safe, Joe.
In the 4-hour timeframe, USD/CAD is exhibiting a bullish trend following a breakout from a falling wedge pattern. This breakout typically suggests a reversal of the prior downward momentum. Traders may anticipate further upward movement in the pair, potentially targeting resistance levels as the bullish sentiment strengthens. However, it's prudent to monitor for...
USDCAD has been trading in a strong Bearish Trend. No divergence has been observed on the RSI on the 1 hour timeframe. A clear Bearish flag has been formed, indicating continuation of the Bearish Trend. If the price breaks through the 1.36285 level, a Sell trade should be triggered as follows: Trade Call: Short Entry: 1.36285 SL: 1.36787 TP1: 1.35780 TP2: 1.35280
The FX:USDCAD chart indicates a potential long setup, utilizing a confluence of Fibonacci retracement levels and market structure to guide our entries and exits. Key Points: Fibonacci Levels: The chart showcases important Fibonacci retracement levels at 75% and 89%, acting as our focal points for entry. These levels are meticulously chosen based on their...
Long Trade Stop Loss: Price: 1.31811 (46.8PIPS) = 0.35% Entry Price: BOS 1.32279 Target 1.38630 (643.PIPS) = 4.87% RR 13.75 Since 27th December 2023
USD/CAD. We have seen that USD/CAD has hit a major support on Friday which was a main resistance for a long time clearly visible on H4. We now expect the market to return to the green zone once more for retest of the main reistance level of the range. ^check USD/CAD Weekly chart for possible max risk levels.