Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
We have a great zone where price could possible go. Lets wait for a clean set up and make a the week profitable.
The DXY has an uptrend in place in a parallel channel while the Canadian Dollar Futures - 6C1! is on a downtrend and has broken a daily support level and bullish trend line. Also, the retail sentiments favors the bullish move of USDCAD.
I'm expecting to see a continuation of this local uptrend, fully breaking through my descending dynamic channel. USD has improving data, with CAD declining, and quite a lot of data this week that I believe will confirm my assumptions.
There was another minor inducement on Friday where I added a position. I still think it will continue at least to the liquidity pool. What do you think? LQP = Liquidity Pool Arrows = Inducement Points 2WT = 2 Way Trap
Prepare for short trade entry when the base forms at the level of reversal.
My dear followers, This is my opinion on the USDCAD next move: The asset is approaching an important pivot point 1.375 Bias - Bearish Safe Stop Loss - 1.3598 Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.3528 About Used Indicators: For...
Hi traders, as you can structure is coming to an end and exhausted which is most likely to give us a bearish phase and I expect price to the downside even if it breaks liquidity above one more time. Follow me for more weekly predictions and hit the thumbs up button, comment and share!
USDCAD shows bullish uptrend with consolidation on the 4HR. Wait for a pullback around order block 1.35361 & 1.35218 for Buy continuation.
After doing some analysis on the daily and weekly TIMEFRAME I just found out that USDCAD is bullish and what's happening now is just a pull back to daily premium level then we'll continue the uptrend. 15M TF is bearish so you can look for sell to that zone before bulls continue the rally.👍🏿
✅USD_CAD is already making A good pullback from the Horizontal resistance of 1.3612 So I am locally bearish biased And I think that we will see A further bearish continuation SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Friends! USD/CAD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 10H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.350 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Ahead of this week’s BoC meeting—the central bank is widely expected to remain on hold at 5.0%—the technical picture for the USD/CAD leans in favour of buyers for the time being. Monthly, Daily and H1 Charts Echo Bullish Tone From the monthly timeframe, we can clearly see the currency pair has formed a long-term consolidation between CAD1.4690 and CAD1.2092...
📊 Due to the decrease in the upward momentum of the price movement, if the range of 1.3540 units is broken and the price stabilizes below it, the price may fall to the range of 1.3515 units🎯, and in the case of the strength of the range of 1.3485 units🎯🎯. 📊 Otherwise, the possibility of price increase up to the range of 1.3600 units.
Hey Traders, in the coming week we are monitoring USDCAD for a buying opportunity around 1.35300 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.35300 support and resistance area. Trade safe, Joe.
Hello Everyone, The current trend for USDCAD is bullish, with the currency pair showing strength at daily and monthly resistance levels. While it is not considered overbought, it is more neutral on higher timeframes. However, there is an expectation for downside movement in the near future. TradeWithTheTrend3344
USDCAD- Clean move up anticipated !. Let it grow !
I accidentally deleted my last post. I am bullish on this pair overall but we may see some sideways movement this week.