FOREXCOM:USDCAD USDCAD is bullish on daily and weekly time frame. I'm buying USDCAD right here. Entry, stop loss and targets are on the chart.
The pair has started making a good bearish trend. There is no divergence and the 2 currency indexes are calling for a short trade. Levels are marked. Let's hope for the best!
Reason - 30 min bearish trend + DXY bearish movement + Entry - 5 min price action
ABCD pattern on 1.618 + RSI Divergence. PS : Never risk more than 2% per trade.
Hello traders, looking at USDCAD, I have a bullish bias. As price sells down to finish collecting liquidity, we are approaching are bullish 30 min swing structure where we should expect new highs to come in. Good luck traders! be sure to use proper risk management CipherFx.
USDCAD could further move downwards (bearish) with the overall sentiment still being BEARISH especially with the dollar index (USDx) still being BEARISH. We could see price move down into the ORDER BLOCK (fair value gap on the daily timeframe) or potentially the BULLISH TRENDLINE that ranges from price level 1.31420 down to price level 1.30560 with price level...
Recommendation: Sell below the point 1.3635 with the first profit target at 1.3585 and the second profit target at 1.3570. Alternative recommendation (in case of price trend change): If the price breaks above 1.3635, it is expected to initiate its move towards 1.3650 and 1.3670. Support and resistance levels on the 30-minute price chart (Pivot and...
Hello,Friends! Bullish trend on USD/CAD, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 1.368. ✅LIKE AND COMMENT MY IDEAS✅
USDCAD is in the buying zone now. put buy limit. target TP is the nearest resistance in M15
USDCAD MN - ABC structure is visible, from which growth can continue to the level of 1.46678 W1 - The price has broken through the level of 1.36627, now we can expect a correction to 1.33952 After this level, both a downward movement and continued growth may develop. What can you expect now? Correction to 1.33952, then a clear formation will...
USD/CAD is correcting gains and trading below the 1.3655 support. Important Takeaways for USD/CAD Analysis Today · USD/CAD declined below the 1.3655 and 1.3615 support levels. · A connecting bearish trend line is forming with resistance near 1.3615 on the hourly chart at FXOpen. USD/CAD Technical Analysis On the hourly chart of USD/CAD at FXOpen, the pair...
Based on the H4 chart analysis, we can see that the price is falling toward our buy entry at 1.3568, which is a pullback resistance level. Our take profit will be at 1.3568, a pullback resistance level. The stop loss will be placed at 1.3663, a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and...
It is expected that the current corrective trend will end in the support range and we will see the beginning of the upward trend If the price can cross the previous floor range, it will be a warning to change the movement trend
Hello Traders Investors And Community, welcome to this analysis about recent events, the current price-formation and what we can expect the next times from CADUSD, there developed some important and worthful signs which I discovered which have an increasingly strong bearish edge and can play a leading role in the outcome and determination of CADUSDs price-action...
This week I am looking to deploy capital depending on if the overall market outlooks becomes more favorable. I have USDCAD on my watchlist as it has been struggling to break higher above 1.3600 for the past 3 months. Recently, we've had a false breakout 3 times in the past month and each time bears stepped in and drove price back towards lows of 1.3500 creating...
As we can see on the 30-minute chart the fibo-retracement from 50% and can't cross the trend line. Friday, last week the Employment Change and Unemployment Rate news was in favor of CAD as well, the dollar index (DXY) is decreasing. So, I'm bearish on USDCAD today at least for 1:1.5 RRR Do you agree with my analysis? Thank you, Regards
Now the price looks to be in a pullback phase because it is showing momentum down in this major uptrend. Price might be attracted to support level, and it will have a good chance of continuing up in that zone. That's what the rules of trading are anyway — trade with the trend. If price goes past support level, it then becomes resistance and will have a higher...