The Canadian Dollar (CAD) faced downward pressure as a result of a juxtaposition between a robust US employment report and lackluster Canadian labor figures. While initially faltering, the CAD began to recuperate lost ground as the immediate impact of the data subsided. Currently trading at 1.3599, the CAD contends with a resolute US Dollar (USD) poised for...
USDCAD / 1D USDCAD / 1D Hello traders, welcome back to another market breakdown. USDCAD has failed to break below old lows with a follow-through. The price deviated and came back inside the range. I expect the price to grow more after testing the last S/R level. As mentioned before, I was waiting for the breakout from the current range then I'll look to...
Preferred direction: SELL Comment: The US dollar continues to strengthen before the weekend, but there is a high probability of a downward correction beginning, and this concerns all major currency pairs. The Canadian dollar has one of the most interesting buying setups against the US dollar . The price is trading slightly above trend resistance, and it...
The USD/CAD currency pair, also known as the "Loonie," is influenced by various factors that can lead traders to consider selling. Here are some potential reasons for a sell position: Technical Analysis : The current technical analysis on USD/CAD suggests a strong sell signal based on moving averages and technical indicators. Bearish Patterns: There has been...
Elliot Wave finish. ABC finish with a triangle pattern. Second ABC will finish the strange uptrend that seemed to not finish, but finally found the IV of the W.E. meaning that chart should go bullish and reach 300% of fibonacci. It wasn't easy. It's my first time seeing an uptrend with so many waves. Fibonacci is within 2 and 4 peak of E.W. News are on...
USDCAD Top Down Analysis H4: Directinal Bias Price is in H4 Supply Zone. Sellers are stepping in while buyers are weak. Looking for Shorting positions from the Supply Zone. H1: Technical Analysis CHoCH signals short term trend reversal and wainting to be confirmed by BOS. Short term trade will buy into the Supply Zone. H15: Short term trade Buy Limit place...
The price is falling toward a support level, which is a pullback support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.36138 Why we like it: There is a pullback support level Stop loss: 1.35554 Why we like it: There is a pullback support level Take profit: 1.37245 Why we like it: There is a...
30m sell signal printed. Quadruple confirmation of short by double Swing Sniper print and double Make That Money print. Also coming down off 4h supply zone. Should drop to green line for 1.5RR
Hello Everyone, Given recent USD news, we can't discount the possibility of further upward movement in USD/CAD before a potential downturn. TradeWithTheTrend3344
Bias: Long Placed my first trade for review...? On December 27th at 18:00, I observed that we were at the end of a downtrend and in transition to the upside. According to the Wyckoff method, this would be Phase A and B (Multiple secondary tests) playing out. The observation indicates a mechanical breakdown rather than a spring reaction in this instance. Stop...
www.tradingview.com Pair: USD/CAD Condition Structure: Day Entry: 1Hr Time Frame Bias: Long On December 27th at 18:00, I observed that we were at the end of a downtrend and in transition to the upside. According to the Wyckoff method, this would be Phase A and B (Multiple secondary tests) playing out. The observation indicates a mechanical breakdown rather...
www.tradingview.com Observe the demand level and Breakout of Support (BOS) at new demand level. I anticpate assumed levels of 1.33265 to 1.33798 for a potential retest of this zone. Once identified, consider entering the market from the pullback or retracement. Continuation of trade since Dec 2023
im going for the retracement level of the high 1.136130
Hello fellow traders! Today, I'd like to share my insights on the USDCAD pair using one of my favorite tools on TradingView: the Adaptive Trend Finder (log). This tool is exceptional for identifying both short-term and long-term trends with great accuracy, employing the powerful method of Pearson correlation. In the chart, you'll notice the Adaptive Trend Finder...
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look only for long position. My point of interest is if price makes a retracement to fill the imbalance lower and then to reject from trendline + S/R zone + institutional big figure 1.36000. Like, comment and...
USDCAD formed a bullish flag pattern, after a strong bullish wave caused by yesterday's CPI report. The resistance of the flag was broken after the release of PPI report today. It is one more important sign of strength of the buyers. Growth may continue at least to 1.3745 level. ❤️Please, support my work with like, thank you!❤️