In my latest analysis of USDCAD, a compelling SHORT opportunity has emerged. The pair exhibits bearish momentum, with key resistance levels holding strong and a series of lower highs indicating a potential downward trend. Technical indicators, including a bearish crossover in the MACD and an RSI consistently below the 50 mark, signal increasing selling...
usdcad bearish,It will touch the previous support. usdcad bearish,It will touch the previous support
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 USDCAD has been overall bullish , trading within the rising flat channel in blue. However , USDCAD is approaching the upper bound of the channel again acting as a non-horizontal resistance. Moreover, it is retesting a strong resistance zone at 1.362 - 1.365 marked in...
Today's focus: USDCAD Pattern – Heavy Resistance Support – 1.3514, 1.3454 Resistance – 1.3602 Hi, traders; thanks for tuning in for today's update. Today, we are looking at USDCAD daily. What are we discussing and asking today after looking at USDCAD? Will current heavy resistance contnue to block buyers? Does price have enough momentum in its current bull...
This is a proper entry of which if you apply it you always be in profit so if you applied well cuz we wait for there market to close on top of the moving averagee or below the moving average
USD/CAD has made a bullish reaction off the pivot which has been identified as an overlap support; the bullish momentum could potentially carry it higher towards the 1st resistance. Pivot: 1.3571 1st Support: 1.3523 1st Resistance: 1.3611 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money...
USD/CAD SELL SETUP - 1 HOUR CHART Listen in, traders! Here’s our approach for a sell on USD/CAD: ✅ Entry: 1.35770 level on the 1-hour chart could be our cue to sell. ❌ SL: Set a stop loss above the recent consolidation highs around 1.35909 for a tight risk control. 🎯 TP 1: The first profit target is at the nearest support of 1.35589, where we might see some...
USD/CAD is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 1.35800 which is an overlap support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 1.35400 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is at...
Weekly: -Bullish M pattern. -Inverse H&S pattern. Daily: -Inverse H&S pattern. -Impulse and correction pattern. 4H: -Inverse H&S pattern. -IC. -OB.
This chart shows USDCAD in sideways market with EP, SL and TP 1 & 2 for both Long and Short Trades with the help of support and resistance.
Using the BBMA Strategy by OA, a Re-Entry Long in 4H time frame appeared and using a multi- time frame analysis , I'm now waiting for a confirmation in TF 2 and TF 3 ( 15m Entry ). 4H - Re-Entry 1H- 50 EMA Rejection + Extreme long 15m- wait for CSAK + Retest in MAHILO min 15m Note: * Cancel trade or cut-loss when candle close below MAHI in 4H * 1:3 RRR *...
💵Pair Name : USD/CAD 🌐1 DAY RELATIVE PERFORMANCE USD 0.00% / CAD 0.09 % Time Frame : 4hrs ------ 💲Why We Enter'd This Trade / Short ———————— The selling area is at 1.35800 with a break of it Why was it sold out of the area? Firstly, the daily rotation zone from 1.35850: 1.36150 Second: The choch area was broken from below Third: There is a...
In a clean uptrend channel with a strong bearish candle ready to reverse. Bears are in control.
USDCAD has reached the retracement level of 78.6%. The price broke through the level of dynamic resistance, which will now act as support. The chart worked out the growth of the previously formed harmonic pattern "Bat". We expect a retest of the nearest level followed by a rebound from it. ------------------- Share your opinion in the comments and support...
Logan, saying that it’s much too soon to think about cutting interest rates in the wake of the upside risk to inflation. This, in turn, forced investors to further scale back their expectations for the total number of rate cuts in 2024 to two as against three projected by the Fed, pushing the US Treasury bond yields higher across the board. The rate-sensitive...
$ prices look yo have gained more power on nfp and left imbalance. We can look go go higher. I sharee this before but the grapg6was cut. Goodluck
$ Price looks to have appreciated against the dollar (NFP RELEASE on Fri). Below is a demand zone and a ranging market. Expansion+ demand+ liquidity. Hope it plays out and good lucky.
USD/CAD, it's nice to see a strong buying reaction at the price of 1.35630. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. The Weekly POC and high...