The pair made a HH breaking its previous trend. No divergence can be seen on RSI and afther the formation of Bullish rectangular box the price seems to continue make new HH.
Beautiful price delivery, Missed 2nd entry the IFVG, but all good.
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
the overall momentum is upward, now price had been in a minor correction since the past week.. technically, price has broken a minor descending trendline on the hourly time frame with a strong OHCL candle.. looking for longs at the pull back of the previously formed demand level on the 30min time frame. DISCLAIMER: this is not a financial advice, just my own...
As shown in pics above and based on weekly daily 4hrs swings+ Up trend.. Best of luck
As shown in pics above and based on weekly daily 4hrs swings up trend .. Best of luck
The Canadian Dollar (CAD) eased against the Greenback on Tuesday after the American market session kicked the day off with a risk-off push after US wages outpaced expectations. Investors are gearing up for the US Federal Reserve’s (Fed) latest rate call, slated for Wednesday USD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair....
NEW TRADE ALERT USDCAD sell now @ 1.3739 Tp @ 1.3719 Sl @ 1.3819
HELLO MY PEOPLE! Hope everybody is doing absolutely fantastic! Just wanted to get on here and make a post on what I see for the potential future here on USDCAD. I know you guys are probably thinking...didn't you just make a post about shorting this pair like a few weeks ago? YES...yes I did...but things DO CHANGE in the markets and for me personally things have...
Due to the strong support level at the current prices 1.36400 and up trend on short and long term The pair ready to move up again after the correction last few days , so we suggest to buy strongly with target over 1.3740 and the failuretechnical analysis beliw 1.3600 . God luck
USDCAD showing buying opportunity as trend line breakout done,we may wait for retest.
scalping USDCAD at previous week high for 10-15pips.
USDCAD - 24h expiry Price action looks to be forming a bottom. Short term RSI has turned positive. We expect a reversal in this move. A move through 1.3700 will confirm the bullish momentum. The measured move target is 1.3750. Our profit targets will be 1.3750 and 1.3775 Resistance: 1.3700 / 1.3725 / 1.3750 Support: 1.3675 / 1.3650 / 1.3625 Risk...
*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.
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.
The dollar is getting a reaction to the upside, and my primary count considers green wave IV is finished. Stop Loss is set below wave I high. Final target is just above green wave III for green wave V. Intermediate targets are in resistance levels along the way.