As long as the price fluctuates above the green support area, it will be possible to continue the upward trend up to the indicated resistance areas. Then, when the price reaches the resistance ranges, the behavior of the price in these ranges should be examined
Price may take the Low of the Day in the London session and either start to rise and consolidate before Ny session for the dump into the Low of the Day before the takeoff upwards. Look for your buy setups.
On an hourly timeframe, USDCAD is printing Higher Highs and Higher Lows. A trade is suggested on 38.2% Fibb level.
failed to break through a key resistance level showing big wicks of resistance
FX:USDCAD Rejected the weekly supply but looking for further upside more towards 1.38660 for a bigger rejection, first target would be 1.37300 see how it reacts at that level for either a bounce or if the downside continues then looking at 1.36740. But with DXY being as strong as it is I see this unlikely to happen
Hello,Traders! USD-CAD is trading in a Strong uptrend but the Pair will soon hit a horizontal Resistance of 1.3889 from Where we will be expecting A bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
I present a technical analysis of the USD/CAD currency pair in the BAT harmonic system on the D daily chart. The price is in the oversold zone and is also approaching resistance and support. In my opinion, it would be good to wait for confirmation of the trend, starting from the daily chart D, H4 and ending with H1. You can take into account: -RSI - STOCHASTIC -...
Look forward to the nearest target being the 1.3828 (Price Objective for channel) in the short term. Then maybe a retracement before continuing trend and aiming for next resistance.
Rising Wedge delayed its affects. But thanks to the smart decided entries we most of the time avoid the unwanted losses. As the momentum stays 90% bearish I still am optimist as the DXY seems shredded too. With multiple reasons still intact with rising wedge. I will still stick to the selling side with some changings in actions. Manage your own risk according to...
The reasons why I strongly believe this move will happen are the following: According to the CFTC non-commercials are shorting CAD. Non-commercials have 20,388 positions long and 68,914 positions shorts. This means that they are selling more CAD than they actually buying it. According to this info we could expect a move to the upside. From a monthly...
USDCAD has been in an uptrend but we can observe a Divergence on the hourly TF coupled with a Harmonic Reversal Pattern.
We are testing an area that was once resistance. Is this an opportunity to go long? We are waiting for confirmation and are aiming for the recent high.
looking at the short might but it go against me if CPI for CAD comes out strong
#USDCAD. well guys after bounce market now at his today supporting area that is 1.3720 mentioned in black line, keep close that supporting area because if market hold it and didnot close below that level then further bounce on table, keep close it and stay sharp. good luck trade wisely
USD/CAD 1D - As you can see from the screenshot above, price has traded us into the Supply Zone I have marked out for us, we have seen that price has rejected well from this area and shown signs of reversing. In order for us to have the confirmation that price is reversing from this area and is trading us lower in the market we want to see price break structure...
The USD/CAD tells the trader how many Canadian dollars (the quote currency) are needed to purchase one U.S. dollar (the base currency). This currency pair is known as the "Loonie", a nickname derived from the picture of a loon, a distinctive bird which appears on one side of Canada's gold-coloured, one Dollar coin. In Canada, the organizations and people that...
USDCAD Price : 1.37650 Trend : UP ( Due to the Up trend on weekly & monthly chart ) Transaction: Buy Reason : Up trend on weekly chart and support on H1 chart in additional to oversold signal from Stochastic on ( H1 ) time frame . Technical analysis failure at level : 1.37600 Technical analysis success at level : TP : 1.3820 - TP 2 : 1.3870
The Loonie has been hovering between 1.31 and 1.39 for the past two years, and we're quickly approaching the upper boundary of this weekly range. Will there be another sell-off? Let's dive into what the price charts reveal. We're riding a 17-week uptrend on the weekly chart, with last week's candle showing an especially bullish move—over 200 pips—pushing us near...