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Usdcadforecast

USDCAD analysis as per Wave Theory We see a downward Impulse complete and then a Correction ABC, in the upward direction which is Wave A; Wave B will be a downward correction as Wave B is in counter Trend direction; also we see in Wave B we have a Wave A as a 3 Wave structure Wave B also is a 3 Wave structure hence Wave C will be a downward Impulse and thus Wave B will complete. Hence we are looking for a massive move in the downward direction; So this is our Long Trem Trend and now accordingly we can keep shorting in every pullback
Short
by Kruti0210
FULL ANALYSIS OF USDCAD!!!!Okay, so what kind of situation do we have here in this pair... Today USDCAD got support around at 1.37500 area. Now, prices might test 1.39000 levels before continuation to the downtrend ( As the region is broken). But it's not the right time to enter short as we have to see the market reaction at 1.39000 levels. If prices get a rejection from there then we will be taking a good short from there!!! At this time, we can take a long to 1.39000 target approx. If not taking long then wait and keep this pair on your watchlist!!! FOLLOW ME FOR MORE!!!!!
by ng_forex
USDCAD Elliot impulse wave formationUSDCAD The oil dependant canada is nowdays struggling to recover as the oil prices are are at low level and currently trading at 20 dollar per barrel Which inturns its affects the CAD negatively Currently in USDCAD Elliot wave if forming, Wave 01 is completed and wave 02 is forming We can expect to close this wave at resistance level 1.42100 which is also a 61.8% Fibonacci From this level we can open short positions and the primary target would be 1.37270 which is a 1.272% Fibonacci And the final target would be 1.33280 which we are expecting the point where the wave 05 going to close Stop lose may placed above the 1.43050 level which is a 50% Fibonacci Leave your comments below
Short
by forexorbit
A Possible complex corrective structure.(USDCAD)Hi, Trader As i am observing on chart that price is in consolidation. but the possible trend is down so every pullback is a opportunity to take short position If any possibilty to buy get that trade only when you have good money management. Y " wave is question mark because if we focus on w " wave it is also a three wave corrective structure from that point may be new start of impulse. Note: This is mere a idea not a trading signal to trade. Trade carefully ! Thank you for your support !
Short
by Zakirraza
USDCAD still bullish?USDCAD was on bullish trend from last week, but we can see a consolidation from last 2 days the question is " is this the end of shot bullish trend" so here is what i think from last few days it has been resting on weekly pivot and testing its support and below that is the fibo 50 Percent support in any chance if it breaks the pivot i might end up hitting fibo 50. fibo 50 being a strong resistance one no will act as a good support and will push the price higher to targets 1.3835, (extensive target)1.4160 in alternate scenario price breaks below fibo 50 (1.3572) lower tragets are 1.3460 , 1.3309 Happy Trading
by kr_sonu12