USDCAD - Bullish Setup USDCAD - long setup!!!
Daily Chart - Price retrace at the bottom channel signs bullish move…
***analyze before taking a position….
Usdcadforecast
USDCAD ANALYSIS ON H4 CHART.Overall, USD/CAD is trending downwards.
The Canadian retail sales data will be released later at 2130 (GMT+8).
Core Retail Sales m/m (Forecast: 1.1%, Previous: 1.3%)
Retail Sales m/m (Forecast: 1.2%, Previous: 1.6%)
Currently, USD/CAD is testing to break above the key level of 1.25. Its next support zone is at 1.24500 and its next resistance zone is at 1.26100.
Look for short-term buying opportunities of USD/CAD if it breaks above the key level of 1.25.
USDCAD || CAN GIVE A GOOD UPSIDE MOMENTUM IN NEXT FEW DAYS|| A detailed analysis of USDCAD. Currently trading in range for 4 days. COULD be BULLISH TREND for next 4 days. FX:USDCAD
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USDCAD: BEARISH CONTINUATIONAccording to elliott wave rule , in an impulse wave 4 cannot intervene into the the territory of the wave 1 . The current structure shows that USDCAD is forming a wave 4 & is likely to end soon. One should go short on any rise keeping SL of 1.2595 & look for the target of 1.2285 and 1.20500 and below.
USDCADthis pattern form head and shoulder Already its broke the line we entre the sell side because i too let to saw this
USDCAD : a short term bounceThe current structure looks like an ending diagonal which suggests that there should be a pullback to the origin of the diagonal. One shold go long on current levels with SL of 1.259 for tgt of 1.269/ 1.271
USDCAD ForecastUSDCAD Forecast
IMO
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USDCAD SELL SETUP FOUNDusdcad sell setup found
usd cad live forex signals | #usdcad |liveforexsignals
market has clearly broken trendline on m15 timeframe,
we just needto retrace the market on trendline than we have good opportunity for sell in usd cad,
i think it could be a best forex signals setup for usdcad
USDCAD Long!So after the NFP, we didn't expect much momentum in the market and we have ISM Services PMI. I'm expecting negative reports according to my strategy.
USDCAD USDCAD After a huge downwards trend it started to go up after creating Double Bottom. so every drop buy when u want to have a profit
usdcadusdcad in edge line weekly if breaks then going down from here or its take a support then going up
USDCADUpside Trend {Down Trend Break}
TG1 = 1.28166
TG2 = 1.28516
TG3 = 1.28855
TG4 = 1.29334
STL = 1.27400
For DownTRend
TG1 = 1.27251
USDCADCurrent Trend(Downside)
TG1= 1.27720
TG2 = 1.7086
TG3 = 1.26202
STL=1.28360
For Upside Trend(If Trend Line Breaks)
TG1 = 1.28360
TG2 = 1.28871
TG3 = 1.29223
STL = 1.27086
USDCAD analysis for short term as per Wave TheoryPlease check the Long term analysis for the bigger picture;
As per the bigger picture we know there is a Flat structure forming and hence we will have a downward Impulse; In short we will have a 5 Wave structure formed in the downward direction; Below is the Wave 1 complete picture verifying every Wave in the Wave 1 which confirms completion of the Wave 1 and now Wave 2 will be an Upward Move as its gonna be a Correction;
Confirms completion of Wave 1
After the completion of Impulse we have a Correction hence here is the picture of the Type 2 Zigzag (where Wave A or C one of them is 5 Wave Impulse whilst other is a ABC correction)
This completes WAVE A a 3 Waved structure and now Wave B is forming lets check it out as well;
For now we have a downward 5 Wave Impulse almost formed which makes Wave A (Wave A of Wave B) then we will have an upward Correction (Wave B of Wave B); then we will have a downward correction structure Wave C (Wave C of Wave B)
After completion of Wave A and B which will be both 3 Wave structures then we will have an Upward Impulse a 5 Wave structure.
This will complete WAVE 2 on the bigger picture;
I am sure about this analysis; this is based on Elliott Wave Theory
