👉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
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...
USDCAD responded as expected with the SELL off at the resistance given that it is consolidating. I will be waiting to see the reaction at the floor for a possible BULLISH opportunity. Will be waiting for confirmation on the lower timeframes.
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...
Market Surprise? June Rate Cut Might Be Delayed After today’s BOJ and RBA interest rate decisions, eyes will turn to the Fed’s decision on Wednesday. Although the US central bank is expected to keep rates unchanged, it could change its outlook due to the upside surprise in the latest CPI and PPI reports. For now, the first cut is still seen happening in...
Just an update on the pair...Looks like price is respecting our HL area hopefully preparing to break the LL areas..Currently have positions open on those levels (Trade 3)
What can I say about the Canadian, the price has broken the trend line and is now in the retest zone. A false breakdown is possible considering the strength of the dollar correction. It is possible to sell with a small risk and look at the situation.
the price broke the up trend line and now made a good wave on the fib tool
Long from a continuation of a Range where the daily level created the out view where in a weekly level waiting on a breakout of but daily is bullish.
USDCAD 30MIN R:R = 4 DBD ZONE : This zone is calculated by supply and demand method
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to sell USDCAD. ❤️ Please, support our work with like & comment! ❤️
USDCAD 30MIN R:R = 3 RBR ZONE : This zone is calculated by supply and demand method
Price moving near supply zone area Initiate short positions near the zone after confirmation by bearish price action structure.GOOD LUCK.
How to Trade with the Triple Top Pattern Traders are always on the lookout for reliable analysis tools that can help them make correct trading decisions. One such tool is the triple top trading pattern. It is a bearish reversal formation that can help traders identify potential trend reversals and take advantage of market opportunities. In this FXOpen article,...
Most Asian currencies traded slim on Monday, even as the greenback steadied close to a two-week excessive as cognizance became to a sequence of vital financial institution meetings, mainly are the Bank of Japan and the Federal Reserve. Strong US inflation readings from final week left investors cautious of any tightening stance from the Fed, even as wonderful...
I got a wadge in this pair but it is trading in the middle of this range now i am waiting to break any of this like I have drawn.....after breaking this line the execution opportunity will come ....keep in mind anything can happen so risk management is the key of profitability