Canadian job market expanded by 90.4K fresh payrolls while annual wage growth slowed to 4.8%. Fed Bostic said the central bank is uncertain about when and how much interest rates should be reduced. Oil Price Decrease boosting the USD on the other hand. Gaza tension also could increase the flow to safe haven Dollar, increase the Dollar Strength Technical...
looks like a nice setup with good RR only 21 pips risk it's early Monday so... price could move lets see
FX:USDCAD touched the bottom of the ascending channel with the confluence of Weekly order block and multiple FVG. NFP was nicely used for the manipulation below PWL. Now can see displacement to the upside with H1 BPR. I believe next week will see a bullish expansion. In the COT we can see that longs are being added and shorts closed which are below the average...
Dear Traders, DXY strong bull run continue to dominate all the USD pairs, and it will likely to dominate the market in future. Because recent significant economic data came out in favour of DXY with great margin. We personally also think that price is likely to rebound strongly from our entry zone. Price had accumulated for weeks in a pennant channel and broke...
I'm not a fan of the #CanadianDollars recent performance versus the #USDollar. Now, on the brink of an important breakdown. Usually, it tracks well with #silver... until now! So the questions is, who is lying?
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
Usd/Cad - On the daily timeframe we are extremely bullish . We have room to catch atleast +100 pips this week . You can see previous daily candle closed bullish rejecting our fib levels . Also , price is making higher highs and higher lows and this can be the potential higher low to break daily High . Long term Take profit target is the -0.27 & -0.62 👍🏼 Daily :
After NFP gragra, the actual trend resumes, wave 'B' is completed and wave '1' of the wave 'C' is already in motion. Buy USDCAD, goodluck
Investor caution boosts USD/CAD towards 1.3350. Insights on inflation, rates await in FOMC minutes. Canada anticipates a 5.9% jobless rate, up from November's 5.8%.
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action to continue after price rejected from bearish order block + trendline. My target is imbalance lower. Fundamental news: Tomorrow (GMT+3) we will see results of...
ABC correction of recent downtrend in progress. Current bullishtrend should reach at least 37.6k. A from ABC correction hits double top. This is for better structure. Triangles show resistance and weaknesses of chart progression. The current triangle should be repelling it, making chart go more directly toward objective. The w to z waves are to identify a...
Hey Traders, in tomorrow's trading session we are monitoring USDCAD for a buying opportunity around 1.36100 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.36100 support and resistance area. Trade safe, Joe.
Daily: - Inv H&S + Bullish M (Pattern in Pattern) - Bullish RC (took a lot of short orders out) - Daily pattern zone is still respected *Bigger impulse "FIB" is also active *Weekly zone is supports a lot why that last candle formed Weekly: - Market structure (bullish) - LCC / (But bulls are last active power) - Zone (bullish) - FIB (bullish) *Trading above...
USD/CAD is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.3779 which is a swing-high resistance. Stop loss is at 1.3815 which is a level that sits above a pullback resistance. Take profit is at 1.3717 which is an overlap support. High Risk Investment Warning Trading Forex/CFDs on margin...
USD/CAD is trading close to a breakout level and the bearish momentum could potentially drive it lower from here. Sell entry is at 1.3673 which is a potential breakout level ( Wait for the 30-min candle to close below this level for confirmation ). Stop loss is at 1.3700 which is a level that lies above a pullback resistance. Take profit is at 1.3627 which is a...
Hello and respect to all dear traders, Today, I have analyzed the Canadian dollar, which has behaved almost similarly to the DXY chart. Everything is set for a short-term uptrend, followed by a probable drop. There is a strong likelihood of this happening due to a significant weekly imbalance in this upward trend. I have drawn a simple and smooth chart for easy...
Running positions as stated on the last analysis which is playing nicely. My targets are Previous weeks high and higher. If I get the pullback to the Daily BPR and H1 gap below the 50% of the dealing range I would like to add another long trades. There also could be potential bottom line of the ascending channel. Initial idea USD confluence Always follow...
USD/CAD is rising towards a resistance level which is a pullback resistance. A reversal from this level could indicate a double top pattern which could lead to a potential price drop to our take profit. Entry: 1.36919 Why we like it: There is a pullback resistance level. Stop loss: 1.37294 Why we like it: There is a pullback resistance level which aligns with...