USDCAD showing bullish div on chart,so we can take buy entry as per marked on chart.
the price is standing at a strong area of resistance since Oct 2022 this area pushes the price each time very strongly. the second entry reason is that the price created this reversal head and shoulders pattern so we can enter a sell trade directly around the neckline
It seems that the symbole is going to change the movement of the trend and it goes up
The current USD/CAD exchange rate has entered a selling zone This suggests a favorable opportunity to sell the USD against the CAD. Traders may consider setting their take profit levels at imblance, indicating the points at which they aim to exit the trade with profits. Additionally, This strategy aims to capitalize on anticipated downward movements in the...
There are a couple of reasons why i think this is possible. 1. Price is expensive 2. Price is moving in a channel, and is currently at key level. (WTF) 3. Buy Side Liquidity has been taken 4. 4hr TF chart pattern suggests price could be dropping soon. What do you think? Follow if you find value here.
On April 22, 2024, OANDA:USDCAD is trading near the 6-month high (the white line) and the 52-week high (the yellow line) A break above the yellow resistance would trigger a buy signal with a target price at the red line shown on the chart, which has the same distance to the yellow resistance as from the July bottom of 2023.
On an hourly timeframe, USDCAD printed Head and Shoulders pattern with RSI indicating a Bearish Divergence. The pair broke the neck line and is expected to have a bearish shift.
USDCAD has seen a strong Bullish trend. However, a clear Head & Shoulders Pattern has been observed on the 1 hour time frame, confirming reversal of trend to Bearish. Trade Call: Short Entry: 1.37211 SL: 1.38064 TP1: 1.36359 TP2: 1.35500
USDCAD 1h 5m Update keep watch and get entry SMC and Volume
In Friday's London session, the USD/CAD pair is making strides towards the 1.3750 mark, but faces a formidable barrier at a strong area of resistance. This resistance zone coincides with the 78.6% - 88.6% Fibonacci area, further compounded by the RSI indicating overbought conditions in the D1 timeframe. Such confluence signals a potential reversal point,...
On the monthly and weekly charts, we have bearish price action.. After a strong bearish run in 2021, the price sought to correct previous imbalance that is about to come to an end. Presently (22.04.2024), we expect price to make one final push higher, thereafter we will be looking for reversal signs.
🏃♂️ USDCAD is moving in a Descending Channel and is currently near the Uptrend line and🟢 Support zone(1.3704 CAD_1.3618 CAD) 🟢. 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect USDCAD to rise to at least 1.384 CAD after breaking the upper line of the descending...
A significant head and shoulders pattern has emerged on the intraday chart of USDDCAD. The pattern's neckline was breached during the Asian session, with a candle closing below it. I anticipate a downward trend from here on, with the next support level likely at 1.3670.
USD/CAD has a decent uptrend on the 1HR timeframe with 2 good touches. We can wait to see what the price does when it reached the trendline and see if it respects the area of support/resistance marked around the 1.37000 area. If it does respect the trendline and bounces off, we can look into potential buys. Potential target could be previous high around 1.38321.
Considering that the time of the recent upward wave is short, it is expected that the correction will be formed up to the specified support levels and then the continuation of the upward trend will be likely
The current USD/CAD exchange rate has entered a selling zone at 1.37304. This suggests a favorable opportunity to sell the USD against the CAD. Traders may consider setting their take profit levels at 1.37041, 1.36738, and 1.36509, indicating the points at which they aim to exit the trade with profits. Additionally, it's prudent to establish a stop loss at 1.37730...
USDCAD Analysis On the Weekly Timeframe, price has created a weekly BULLISH Fair Value Gap which haven't been tapped into just yet. So what i am expecting for price to into the FVG before showing signs of strength for this pair. On the 4 hour timeframe, we do have a bullish Unmitigated Orderblock that lines up nicely with the weekly Fair Value gap, making...