Towards the end of last year, FX:USDCAD found itself testing the crucial support zone at 1.32. Subsequently, the pair reversed its course and, as of the beginning of February, has been consistently forming higher lows on our daily chart while pressing the significant resistance level at 1.36. I anticipate that this resistance will ultimately be breached, paving...
I am sharing steps to do analysis and how to wait for a low risk trading execution.
The USD/CAD pair has been exhibiting a bearish trend. Here are some recent observations: Technical Forecast: The price is trading below the 22-SMA, and the RSI is below 50, favoring bearish momentum. The previous bullish trend encountered strong resistance at the 1.3802level. -Current Situation: The USD/CAD price recently declined to the awaited correctional...
USD/CAD currency pair from both technical and fundamental perspectives: Technical Analysis: - USD/CAD has been steadily channeling higher on US Dollar strength. - Key technical points: - 1.3575is the current price. - Moving Averages (MA): - MA5: 1.3574 (Buy) - MA10: 1.3574 (Buy) - MA20: 1.3554 (Buy) - MA50: 1.3547...
Price made a huge push to the upside because of news, initially I was expecting this pair to dump really bad however the news wasn't in favour. I believe this pair is loosing its momentum now to the upside and we can now hopefully see this pair trend down maybe for a short period before continuing to the upside as the USD pairs appears to be really strong at the moment.
USDCAD Long Trade after big Bullish Momentum Candle in uptrend. 1. Price above 3 MA's (3,8,20) 2. RSI MA's Cross 3. Big Bullish Momentum Candle (possible retest) 4. Breakout of strong resistance structure 5. Strong USD economy environment 6. RSI Above 50 7. Weekly Uptrend 8. Daily structure HH-HL-HH-HL Risk: 2% Stop Loss: Below low of the signal candle Take...
USD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair. The USD/CAD rate, as indicated on the live chart, shows traders how many Canadian Dollars are required to buy one US Dollar. Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis. Our expert industry insights will...
After a nice reaction from the FVG level, the price surged to a new high. The 1.35200 area appears to be a promising location for placing long positions. I’ll patiently await confirmation from CHoCH on the lower time frames (15 minutes to 1 hour) around 1.35200 levels.
Everything was pretty much said in the video. Basically price reached a higher timeframe Premium Array on the 3D chart, so now I have the expectation of lower prices based on the lower timeframe Premium Arrays, specifically a 2h Sibi. Today is CPI, so anything can happen. Price can always go above and beyond what is ordinary in such events. - R2F
Price successfully went as analysed and currently trade around 1.36595 area. This makes over 0.8% increase today. Buyers are dominating the market after the release of CPI DATA
✔️USDCAD is expected to rise ✔️Recommended to consider buying 🟢 Try to BUY🔼 all the Dips !!! ✔️Confirmation Buyer Limit Area Trade active: Now try to go up with new buyers... ✔️Buy the dips!!!
What I am seeing on USDCAD is a great development of Short to Long. We have few minutes before the news hit us, banks are proposing long idea on USD. I would suggest that first we need to wait for bad news to hit USD then take the opportunity from demand zone within kez leves. Based on this strong news, there is an option to take trade without waiting for candle...
ive been watching usdcad to potentionally short since last week because USDCAD found resistance its been refusing to break but now that it looks more bullish and looks to have found major support im looking for buys
I am currently in this trade as i entered a position yesterday USD time so will what for the reaction
Market Pricing – Unlikely to Adjust Rates The Bank of Canada (BoC) is poised to update policy later today at 2:45 pm GMT+1. Markets are currently pricing around a 16% probability of a 25bp cut at the upcoming meeting, with June pricing in -20bps of easing and July fully pricing in a -25bp cut. Recent Macro Data The most recent data to be aware of heading...
## Price Action Analysis of USDCAD (Based on Provided Image) This analysis utilizes price action alone, focusing solely on the visible marks within the provided image of a USDCAD price chart (assumed timeframe: 4 hours). **Observations:** * **Upward Trend:** The price exhibits a recent uptrend characterized by a series of higher highs and higher lows over the...
Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
It is expected that the price will fluctuate in the current support range and then we will see the start of an uptrend. By passing the resistance range and the previous ceiling, it will be possible to continue the upward trend. If the price crosses the 78.6% level, the upward trend will be invalidated