I have observed a clear bullish signal on the USDCAD chart following a successful test of an important support level. The price has created an ascending triangle pattern on the 4-hour chart and has broken above its neckline. I anticipate that the price will soon reach levels of 1.3739 and 1.3800.
The USD/CAD pair on the M30 timeframe presents a possible shorting opportunity due to the presence of a channel pattern. Potential Short Trade: Entry: Consider entering a short position (selling) only after a confirmed breakout below the support trendline of the channel. Ideally, this would be around 1.3750 or lower if the price continues to decline after the...
the USDCAD currency pair is presenting a selling opportunity at the price level of 1.37251. This means traders might consider initiating a sell position at this price point. To optimize potential gains and manage risk effectively, traders could set multiple take profit targets. These targets are identified at 1.37000, 1.36600, and 1.36400 respectively, indicating...
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.36500 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.36500 support and resistance area. Trade safe, Joe.
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 TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 USDCAD has been overall bullish , trading inside the rising channel in blue. At present, USDCAD is undergoing a correction phase, trading within the short-term falling channel in red, and it is currently approaching the lower bound of the channel. Moreover, it is...
Hello again! As you liked the previous analysis and signal, here comes the second one. Please try to be patient and wait for confirmation before entering at the right place. This way, you won't have to place your stop loss far away from the entry point. The most important thing in trading is having a plan and always aiming for the win. However, you should...
📊Due to the decrease in the downward momentum of the price movement, if the range of 1.368 units is broken upwards and the price stabilizes above it, the price may increase to the range of 1.373 🎯and in the case of the strength of the range of 1.383 units🎯🎯. 📊Otherwise, the possibility of price correction up to the range of 1.356 units.
The price perfectly fulfills my last idea. It hit the target level. FX:USDCAD is basically moving sideways between 1.36000 and 1.38000. The market broke and closed above the strong level at 1.37000. On the daily timeframe, we can see that the major trend is bullish. Additionally, there is a long-tailed bar that took liquidity below the range zone. I expect the...
Market Analysis: USD/CAD Regains Strength USD/CAD is rising and might aim for more gains above the 1.3760 resistance. Important Takeaways for USD/CAD Analysis Today USD/CAD is showing positive signs above the 1.3685 support zone. There is a major bullish trend line forming with support at 1.3720 on the hourly chart at FXOpen. USD/CAD Technical...
www.tradingview.com USDCAD quick analysis on 15min chart timeframe price avec an implusive move goes down for a corrective move ABC and as you can see in the chart the ABC corrective move is finished after the wave C reach the 1.618 fibo level so technically price now will go up at least hit the previous resistance if break above it it will continue . i will...
Bearish Bat Pattern has been observed on the 1 hour timeframe. Trade on the break of previous LL. Trade Plan: Short Entry: 1.37117 SL: 1.37658 TP1: 1.36580 TP2: 1.36040
This pair is forming a bullish wedge pattern. The price is likely to break out to the upside in the near future, presenting a potential buying opportunity for traders looking to go long on this pair. However, currently the price is at a support zone, so we consider buying. Our target is 1.37266 price area.We anticipate a potential rebound from this support...
Looking closely, we could see USDCAD to short from today through tomorrow with the Unemployment/Employment news. As price broke support, the news for tomorrow could cause a big drop in price; however, be careful at all times of the news. Please stay tune on the price today for USD 30y Bond Action since it dropped from the CAD Speech. TP:1.3675 or below
Base on my technical analysis usd/cad would be bullish trend continue once it perfect correction finished
USD/CAD - We are overall bullish on the higher timeframes on UC . Price ranging respecting our fib levels 0.62 - 0.79 . I'm mainly looking for buys but if price breaks below 1.36300 I will look for some shorts . Daily : 4 Hour :
USDCAD is a strong bullish as retail traders are at 67% short selling this trading pairs. Just use proper risk management and be careful at the speak in around 1 more hour.
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice.