USD/CAD continues its upward trend for the fourth consecutive session, trading near the significant level of 1.3540. The US Dollar advances, propelled by higher US Treasury yields. Bond markets are facing selling pressure as additional signs of resilience in the United States economy emerge, prompting traders to revise their expectations for fewer interest rate...
Hello traders, Wave 5 is supposed to end at 1.36134-1.36500 zone. Then ABC Correction is aimed at getting to 1.34480 zone. Thanks.
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
Shorted USDCAD for correction. Please keep R&MM if trading. Good luck.
#USDCAD - H1 📣 Looking at the 1-hour timeframe, there is an expectation of a price increase towards the range of 1.3610 with the breakout of the resistance level around 1.3557. ⛔ Stop Loss: 1.3520 On the other hand, with the breakdown of the range of 1.3520, one can consider selling with a target of 1.3470. ⛔ Stop Loss: 1.3557 Please note that trading...
My analysis shows that the USDCAD pair is on the verge of an attractive downside after its recent rally to the 1.35849 range. My prediction: * The USDCAD currency pair is expected to fall below the 1.35000 level in the short term. Note: This analysis is not considered as investment advice. Be sure to do your research and consult with a financial professional...
The price is testing the resistance zone. FX:USDCAD is moving sideways on the 4H timeframe. The market has reached a strong resistance zone on the D timeframe, which suggests that we may have a pullback from the resistance zone. There is high-impact upcoming news we should be aware of that can shake the price in any direction. I expect a pullback from the...
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
IMPORTANTE : WAIT to bounce off on 5 min time frame to confirm!!!!
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In case of bearish breakout of a rising wedge pattern base on technical analysis text book, we could expect more bearish move in price. Also we can see in the last bullish move price formed a bearish divergence. Also price managed to shift market structure to bearish in lower timeframe which add to the possibility of bearish move. If you've found this...
Amidst the midweek market dynamics, the Canadian dollar (CAD) has found some upward momentum, positioning itself favorably against the US dollar (USD). This shift comes as investors eagerly anticipate the release of crucial economic data from the United States, particularly the Producer Price Index (PPI) and Retail Sales figures scheduled for Thursday. The USD,...
HELLO TRADERS As I can see USDCAD is still looking for Strong Support Zone for making a new high this week CPI and US inflation data can give us these move our risk reward ratio is great on this trade its just a trade idea share Ur thoughts with us it helps many traders Stay tuned with us for more updates!
👉Examining the trend in the four-hour time frame, it seems that USD/CAD is increasing in price towards the resistance range of the ceiling of the ascending channel in the range of 1.3657-1.3630, and therefore there is a possibility of completing the ANTI CYPHER harmonic pattern. In general, this scenario is strengthened if the rate declines from the mentioned...
Curve Analysis Based on the 105m Time Frame SLO @ 1.3595 ⏳ SSO @ 1.3575 ⏳ TP1 @ 1.3545 TP2 @ 1.3513 TP3 @ 1.3485 BLO @ 1.3478 ⏳ ADDITIONAL INFO: 📉 If this downtrend works out in our favor, then we have a nice Day Trade opportunity 🤑 Max profit potential of +116 pips
welcome here is my usdcad idea market is overall bullish lets see how this setup plays out