Price is consolidating between our zones. We can even see a fakeout at 1.34600. If price goes up to test 1.35400, it is possible to see bearish racoon.
The price perfectly fulfilled my last idea. FX:USDCAD is heading toward resistance after a complex pullback. The market rejected the strong resistance zone on the 4H timeframe, and probably it will reject the resistance and fall because the market is basically ranging around the 1.35000 key level. The price action made two impulse moves, which show the strength...
According to the behavior of the price in the current resistance range, possible scenarios have been identified.
It is expected that a trend change will be formed in the resistance range and we will see the beginning of the correction process
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...
Hello dear friends
I have analyzed the Canadian Dollar chart in the long term.
Important points
returned
the price
I have specified for use
Price will react to these lines.
We can in
Smaller time frames
We get confirmation.
We get excellent long-term trades
I have made the chart small so that you can see the general view and by zooming in you can get to the...
**Monthly Chart**
Last month candle closed inside a bullish candle suggesting a move to test the Monthly manipulation candle (MC). This looks a picture-perfect as the DXY chart. However, USDCAD is still moving within a range. On 12th Feb we had a good selling opportunity for 145 pips which hit our target price at 1.33734.
**Weekly Chart**
USDCAD paused near the...
📆🚀 Exciting Next Week Planning! 📈💰
Get ready for some thrilling opportunities in the upcoming week! 🌟 Let's dive into the details and explore the potential of USDCAD, a ranging market with a range height of 160 to 200 pips. 📊💹
🔥 Ranging Market Analysis:
USDCAD is expected to trade within a range, offering opportunities for both long and short positions. This...
The price was moving in the shown channel, had broken the lower bond of it, and now is retesting it again , what happens next, i believe the trend will continue its downward movement ,to the yellow line in the following week.
We waiting for price to give us more confluence for the downside @ the current price zones on the daily.
We gonna be looking for a double to get in si we can get a tight stop loss to maximise our trade probability. We gonna be lokking for sales on this one
USDCAD is currently in a range, as we can see on the volume profile we have made a very nice distribution curve, we are also in a smaller distribution amongst this larger one. If we manage to break the high of the smaller balance, we may be likely to head to 1.3 area. Keep an eye on it next week, to find its path.
Today I will be analyzing indices and USD pairs. I expect some USD strength next week.
Disclaimer: This is just my analysis which of course can be wrong. So do your own analysis before investing or trading
In the upcoming week, our focus shifts to USDCAD, where we're eyeing a potential buying opportunity around the 1.34300 zone. Currently, USDCAD is entrenched in an uptrend but is undergoing a corrective phase as it nears the 1.34300 support and resistance area. Adding a fundamental layer to this analysis, recent hot CPI and PPI data in the US underscore the...
