USD/CAD is currently in a downtrend. There is a support level at 1.33570. If USD/CAD breaks below 1.33570, it could fall to 1.32000. USD/CAD is currently in a downtrend and it seems that it will reach 1.33570 soon. If this support level breaks, USD/CAD could fall to 1.32000. This is just a signal and there is no guarantee that your trade will be successful. Do...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 Here is a detailed update top-down analysis for #USDCAD. USDCAD is hovering around the lower bound of the wedge pattern. So we will be looking for trend-following buy setups on lower timeframes. 📚 Always follow your trading plan regarding entry, risk management, and trade...
D1 - Bearish trend pattern followed by a pullback. Price reached a strong resistance zone and is bouncing lower. Bearish divergence. H1 - Lower lows. No opposite signs. Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
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USD/CAD Analysis: Canadian Dollar Strengthens after Bank of Canada Decision The Bank of Canada has decided to keep interest rates at 5.0% for the fifth time in a row, it announced yesterday, as it continues to look for clearer signs that inflation is moving closer to the bank's 2% target before considering rate cuts. According to Bank of Canada Governor Tiff...
USD/CAD fell strongly overnight to drop as low as 1.34980. There is a pullback support level at 1.34915 which has been identified as a pivot point. Could price reverse off this level to potentially bounce higher towards the 1st resistance? Pivot: 1.34915 Support: 1.34479 Resistance: 1.35309 Risk Warning: Trading Forex and CFDs carries a high level of risk to...
This is an idea USDCAD looks like it might reverse and go down, got some bearish candles on HTF. Need a proper confirmation like a breakout and retest.
USDCAD is trading within a huge rising wedge pattern on a daily time frame. After a test of an upper boundary of the wedge, the price formed a double top formation and violated its neckline yesterday. We may expect a bearish movement to the support of the wedge now. ❤️Please, support my work with like, thank you!❤️
The upward movement has been chocked for a long time at 1.35860 resistance. That straong regestion is proved again last week. Technically, the bearish journey is about to start.
This is my Setup to go Long on Usdcad from the areas of interest. Market as broken the structure to upside so we expect marks to continue its trend to upward after mitigating our areas of interest.
Taking usd/cad longs here from this demand zone . Weekly timeframe is bullish Daily internal structure is bullish 4 Hour timeframe we can see bullish structure is maintaining making higher highs & higher lows. The only thing I don't like from this set up is that we are in a weekly supply zone . I'm trading out of session but I like my Risk/Reward here
USD/CAD is rising towards a potential breakout level and could climb higher from here. Buy entry is at 1.35862 which is a potential breakout level. Stop loss is at 1.35310 which is a level that lies underneath a pullback support. Take profit is at 1.36594 which is an overlap resistance that aligns close to the 78.6% Fibonacci retracement level. High Risk...
This is a little recoil in Daily because the price reach an supply zone but in a minor tie frame is a up trend and there is a demand zone where price change direction.
USDCAD is at a key level it can bounce the 618 level or break and go beyond too 1.34411. Earlier today I entered a short. I move mt SL to breakeven and keeping an eye to see if price will turn around.
Added another Buy after bullish candle rejected the small 30minutes FVG.
Another Buy for USDCAD after rejecting the FVG on the 30minutes
Buying USDCAD on short term though looking for it to break the daily consolidation upwards but small trades