BIGGER TIMEFRAME GO LONG ON USDCADAfter an impulse there was correction (a-b-c)
once again its time to go long
huge return potential
even if the invalidation is breached , patient and capable traders can stick to the LONG trade
CADUSD trade ideas
USDCAD General ViewFormed a Gartley pattern, which signals the bullish move and also divergence is giving the bullish signal.
Now, It is in a MAJOR SUPPORT wait for the conformation and enter long.
TARGET : 0.382(FIBB)
STOP LOSS : BELOW (A)
If it breaks the support then check the ideas for short.
USDCAD ANALYSIS ON H4 CHART.Overall, USD/CAD is ranging across. Recently, USD/CAD broke below the key level of 1.28.
The Canadian employment data released last Friday indicated a strong rebound in the jobs market from the previous month’s loss of jobs.
- Employment Change (Actual: 336.6K, Forecast: 132.0K, Previous: -200.1K)
- Unemployment Rate (Actual: 5.5%, Forecast: 6.2%, Previous: 6.5%)
USD/CAD’s next support zone is at 1.26100 and the next resistance zone is at 1.29200.
Look for short-term selling opportunities of USD/CAD.
USDCAD bullish trade opportunitiesUSDCAD bullish trade opportunities
USDCAD BUY trade opportunities its recently have break Resistance trendlinde On H1 and close above its good opportunity for long with very good risk reward ‘Always trade with Stop Loss'
long trade return expectation 4.5% stoploss 0.5%after a fresh impulse wave (i) the market
went into the consolidation cum correction via wxy wave structure .
Now fresh impulse is being generated (with a pin bar on 4H CANDLE )
invalidation levels marked for traders , for investors there is no need of stoploss ..
best wishes ..
USDCAD Breakout USDCAD looks like breaking above wait for the conformation and then take the trade.
Take at your own risk.
USDCAD - Bullish Setup USDCAD - long setup!!!
Daily Chart - Price retrace at the bottom channel signs bullish move…
***analyze before taking a position….
USDCAD ANALYSIS ON H4 CHART.Overall, USD/CAD is ranging across. Recently, USD/CAD broke above the key level of 1.27.
USD/CAD’s next support zone is at 1.26100 and its next resistance zone is at 1.29200.
Look for short-term selling opportunities of USD/CAD.
USDCAD WEEKLY ANALYSIS 07-03-2022#USDCAD weekly bias looks bearish. The seller’s price of interests are 1.2762, 1.2794, 1.2838
The possible targets are 1.2620, 1.2570
These analysis are based on the current market swing and we update our views based on the upcoming future swings
USDCAD sell setup USDCAD about to test the orderblock . Potential sell to the down side.
Trade at your own risk..
USDCAD ANALYSIS ON H4 CHART.Overall, USD/CAD is ranging across. Recently, USD/CAD broke above the key level of 1.27.
The Canadian GDP m/m data (Actual: 0.0%, Forecast: 0.0%, Previous: 0.6%) released yesterday indicated no change in economic growth during last December.
The Bank of Canada (BoC) will be announcing their monetary policy decision later at 2300 (GMT+8). It is expected that the central bank will be hiking interest rate by 0.25%. With inflation in Canada rising to a 30-year high level of 5.1%, it is possible that the BoC may be hiking interest rate by 0.50%. If so, CAD may receive a strong boost.
USD/CAD’s next support zone is at 1.26100 and its next resistance zone is at 1.29200. Look for short-term buying opportunities of USD/CAD.
Key EMAs defend USDCAD bulls ahead of BOC rate-hikeBank of Canada (BOC) is up for the first rate-hike since 2017 but the markets are have already priced in a 0.25% lift to the benchmark rate, which in turn may not entertain the USDCAD bears until forward guidance appears hawkish. Technically, 100-EMA and 200-EMA offer strong supports near 1.2660 and 1.2640 to limit the quote’s short-term downside. If the pair bears conquer the 1.2640 support, a downward trajectory towards the 61.8% Fibonacci retracement of October-December 2021 upside, near 1.2550, can’t be ruled out. However, an upward sloping trend line from October 2021, near 1.2520, will be a tough nut to crack for the sellers afterward.
Alternatively, a disappointment, or negative surprise, from the forward guidance could trigger the quote’s recovery moves towards the mid-December 2021 low near 1.2760. Following that, the 1.2800 threshold and 1.2850 levels may entertain USDCAD bulls before directing them to February’s peak of 1.2877.
Overall, BOC may not please USDCAD bears until doing more than what is already expected. Other than the BOC, OPEC+ meeting and geopolitics also keep the spotlight on the Loonie pair as prices of Canada’s key export WTI crude oil rally of late.
USDCAD WEEKLY ANALYSIS 28-02-2022USDCAD weekly bias looks bullish. The buyer’s price of interests are 1.2695, 1.2660
The possible targets are 1.2837, 1.2923
These analysis are based on the current market swing and we update our views based on the upcoming future swings
USDCAD WEEKLY ANALYSIS 21-02-2022#USDCAD weekly bias looks bullish. The buyer’s price of interests are 1.2686, 1.2660
The possible targets are 1.2769, 1.2822
These analysis are based on the current market swing and we update our views based on the upcoming future swings
usd cad Bullish engulfing in dailyA bullish engulfing is seen in daily time frame.
Hence a bullish movement can be seen in future.
USDCAD consolidating USDCAD has been consolidating for quite a long now and should give a breakout/breakdown either way. stay tuned and stay sharp to catch good momentum.
USDCAD - 15 min Analysis Buy Target 1.2705- 1.27181- 1.27313 USDCAD - 15 min Analysis
Buy Target 1.2705- 1.27181- 1.27313 1.275- 1.276-1.278
USDCAD ANALYSIS ON H4 CHART.Overall, USD/CAD is ranging across. Recently, USD/CAD broke below the key level of 1.27.
The Canadian CPI m/m data (Actual: 0.9%, Forecast: 0.6%, Previous: -0.1%) released yesterday indicated a strong rise in inflation in January.
USD/CAD’s next support zone is at 1.26100 and its next resistance zone is at 1.29200.
Look for short-term buying opportunities of USD/CAD.
