💵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...
Dear Traders, As we delve into today's trading session, our attention is squarely fixed on USDCAD, where a compelling buying opportunity may emerge around the 1.35750 zone. Within the realm of USDCAD's current uptrend, we're witnessing a notable correction phase, drawing the pair closer to the critical support and resistance juncture at 1.35750. This juncture...
In the longer term timeframe, there is a defined channel that the price respects. The price respects it like a clockwork lately so I've been watching for a reason to go short and long. After the impulsive sell-off from the top of the channel now the price corrects. I hope it will form an ABCD correction and we'll see what the technicians call Gartley 222. Plan to...
price is showing possible bullish movement secure profit now !
USD/CAD could head towards a pullback resistance which has been identified as the pivot. Could this FX pair potentially stall around this level once again before making a bearish reaction to drop lower towards the 1st support? Support: 1.3447 Resistance: 1.3629 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should...
i am on the road to growing my account join me on the journey
lets go down maybe the us will have strong news while meeting support level?
Good evening traders!! I hope you all are having a beautiful trading week so far, this is my latest analysis on USDCAD at the week is starting!!
i see selling power slowing down now time to buy ! for a short period FX:USDCAD
I believe the 61.8 will play an important role in the market as we approach the FVG
USDCAD seems to be in a strong Bullish Trend printing series of HHs and HLs. R1, R2 & R3 at 1.36067, 1.36149 & 1.36484 respectively. The price seems to have retraced back from Fib 0.618 level. If the price breaks R2 level, it is likely to continue in a Bullish Trend and move toward the TP level. Trade Call: Long Entry: 1.36201 (Buy Stop) SL: 1.35468 TP: 1.36933