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....
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...
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.
👁️ OUTLOOK 30m chart: FOREX: USDCAD 30m: We are breaking bullish nicely and currently surfing the 10ema. I want to see a liquidation of lows and price to go sideways.. I also want to see price come back close to the 50ema during London session. And I want to see show strength again above the emas to then scale down to the 5m chart. Bias: Bullish but want to...
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The USD/CAD has recently shown mixed signals across various technical indicators and chart patterns, suggesting a critical juncture in the price movement of this forex pair. An in-depth analysis incorporating the latest Ichimoku Cloud, moving averages, RSI, Stochastic, and pivot points reveals nuanced trading opportunities. As of the latest data, USD/CAD exhibits...
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...
Hello,Traders! USD-CAD is hovering above A strong horizontal support Of 1.3522 and we are Bullish biased so a Swing move up It to be expected Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
USD/CAD has just bounced off a key support level (50.0% Fibonacci retracement level) and is climbing higher. Buy entry is at market (1.3724). Stop loss is at 1.3693 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is between 1.3740 and 1.3753 which is a resistance zone that is bounded by the 50.0%...
Last week, on Friday, I perfectly predicted a pullback from a key level on USDCAD. Analysing a price action today, it feels like we gonna see one more. After a false breakout of the underlined support, the price bounced and formed a bullish imbalance. It is an important sign of strength of the buyers. I expect a pullback at least to 1.3669 ❤️Please,...
By examining the trend in the one-hour time frame, the USD/CAD has a resistance range of the ceiling of the descending channel in the range of 1.3694-1.3682, which, provided that no close candlestick of four hours is registered above it, the rate can reach the support of the channel floor. decrease in the range of 1.3580.
My dear subscribers, My technical analysis for USDCAD is below: The price is coiling around a solid key level - 1.3685 Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.3754 My Stop Loss - 1.3635 About Used Indicators: By the very...
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
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...
USD/CAD is trading close to an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 1.3632 which is an overlap support. Stop loss is at 1.3600 which is a level that lies underneath an overlap support and the 61.8% Fibonacci retracement level. Take profit is at 1.3717 which is a pullback resistance that aligns with the...
Preferred direction: SELL Comment: A busy middle of the week, during which we expect large statistics on production and the US labor market, and at the very end we expect the announcement of the Fed interest rate. In addition, we will find out the Fed's prospects for the near future. Against this background, US dollar shorts still look better, at least in...
A great risk to reward At this point, we enter the purchase with a certain loss limit
Hello,Friends! It makes sense for us to go short on USD/CAD right now from the resistance line above with the target of 1.362 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band. ✅LIKE AND COMMENT MY IDEAS✅