Pair Name : USD/CAD 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bearish Break...
USD/CAD. We have seen that USD/CAD has hit a major support on Friday which was a main resistance for a long time clearly visible on H4. We now expect the market to return to the green zone once more for retest of the main reistance level of the range. ^check USD/CAD Weekly chart for possible max risk levels.
USDCAD ready to fly...after completing Head n shoulder projection ,RSI make DIVERGENCE on H4 time frame.
USDCAD is hovering here, waiting to see if there's a drop or a bounce, either way I expect it to come down to a previous low based on H4 S/R zones.
USDCAD seems to be attracting bids just above the 0.618 retracement and support at 1.3618. Since RSI is still showing positive sentiment with no divergence, break above 1.3731 combined with an RSI close back above 60 threshold will confirm USDCAD has resumed uptrend with upside potential to 1.3928, possibly higher A daily close below 1.3618 will reverse this...
There are important areas of interest. It could be that we are now in decline and then make the original price movement. I would like to look for purchases in the indicated areas.
USDCAD leaves multiple bullish clues after a test of a key daily support. One of those is a bullish breakout of a resistance line of a falling parallel channel on an hourly time frame. The pair may bounce today. Goal - 1.3685 ❤️Please, support my work with like, thank you!❤️
*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.
UC is on the brink of breaking through the support line amid massive divergence. OANDA:USDCAD
USD/CAD H1 Chart - Potential Short Entry Based on Head and Shoulders Pattern The USD/CAD H1 chart might be presenting a shorting opportunity based on a possible Head and Shoulders pattern. Pattern: Head and Shoulders (Bearish Reversal) Description: This pattern consists of three peaks: a left shoulder, a higher middle peak (head), and a right shoulder that...
Please note that this is merely a trading idea and not a signal. It could either succeed or fail, so I encourage you to conduct your own research and analysis before making any trading decisions.
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
This is what i see for USDCAD what is your opinion
Hello,Friends! USD/CAD pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.364 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
*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.
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....
The price is rising towards a resistance level, which is a pullback resistance that aligns with the 23.6% Fibonacci retracement, and could reverse from this level to our take profit. Entry: 1.36721 Why we like it: There is a pullback resistance level which aligns with the 23.6% Fibonacci retracement. Stop loss: 1.37266 Why we like it: There is an overlap...
This Trade is Based off the Daily TF Price Action and H4 FVG Gap Fill with The H1 Having a Clear Market Structure Shift which I cannot Ignore along with an H4 Inversion FVG . All These confluences aligning with my Bullish Reversal Anticipation at New York Session with News Pushing price higher at 8h30 NY time