usdcad buyin usdcad there is a bullish engullfing . so that it will go up till previous support. stoploss is below the bullish engulfing
CADUSD trade ideas
USDCAD WEEKLY ANALYSIS 17-01-2022#USDCAD weekly bias looks bearish. The seller’s price of interests are 1.2640, 1.2676
The possible targets are 1.2468, 1.2407
These analysis are based on the current market swing and we update our views based on the upcoming future swings
PRICE ACTION ON USDCADLearn how price action works and trade can be carried out with the help of candelsticks/area of interest/chart patterns/fibonacci/trendline/supply and demand zone.
USDCAD in Short Levels, Short on every riseAll Levels mentioned on Chart
your part is to manage risks wisely
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USDCAD | The safest point to buy 🔥Hello traders , USDCAD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe.
In the count that was done, the main waves 1, 2 and 3 have formed a leading downward trend and now the 4 main waves are forming.
Wave 4 is formed in a zigzag pattern and from this zigzag the sub-waves a and b are completed and the c-wave is incomplete.
From wave c, the microwaves 1, 2 and 3 are completely composed and there can be no definite opinion about wave 4 and 5, but from our point of view, wave 4 is at the end of its trend and then wave 5 climbs to around 1.30.
In general, if Fibonacci 0.618 is broken for microwave 4 of wave c or channel channel is broken, there will be no hope for the formation of this ascent.
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USDCAD Analysis on H4 Chart.Overall, USD/CAD is ranging across. Recently, USD/CAD broke below the key level of 1.27.
The Canadian employment data released last Friday indicated a slowdown in jobs creation during last December while unemployment rate inched lower.
Employment Change (Actual: 54.7K, Forecast: 24.5K, Previous: 153.7K)
Unemployment Rate (Actual: 5.9%, Forecast: 6.0%, Previous: 6.0%)
Also, the Canadian Ivey PMI data (Actual: 45.0, Forecast: 64.3, Previous: 61.2) released indicated that business activities in Canada contracted in December.
Currently, USD/CAD is trading towards the support zone of 1.26100 and its next resistance zone is at 1.29200.
Look for short-term buying opportunities of USD/CAD if it rejects the support zone of 1.26250.
USDCAD WEEKLY ANALYSIS 10-01-2022#USDCAD weekly bias looks bearish. The seller’s price of interests are 1.2762, 1.2792
The possible targets are 1.2644, 1.2553
These analysis are based on the current market swing and we update our views based on the upcoming future swings
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sell 1:3 risk..........
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“Head and Shoulders” on 4H keeps USDCAD bears hopefulRepeated failures to cross the 100-SMA dragged USDCAD traders to a decisive point with a “Head and Shoulders” bearish chart pattern luring sellers. However, a clear downside break of the neckline, around 1.2630, becomes necessary for conviction. Following that, a theoretical slump towards the 1.2300 level pops up on the chart. However, the 1.2600 round figure and the mid-November swing lows near 1.2490 may offer intermediate halts during the fall.
On the contrary, corrective pullback remains elusive until staying below the 100-SMA level surrounding 1.2795. Also acting as an upside hurdle is the 1.2800 threshold, a break of which could recall the buyers targeting December’s peak of 1.2965. It’s worth noting that 1.2850 and the 1.2900 round figure may offer a bumpy road towards the 2021 peak while the 1.3000 psychological magnet will challenge the USDCAD bulls afterward. Overall, USDCAD is up for extending the bearish consolidation but traders should wait for confirmation.
USDCAD at descending triangle pattern breakout !!!After making low of 1.2706 USDCAD has stuck at small range, continuous selling pressure from upper side making price to form descending triangle pattern. Breakout is Below 1.2750 will take price to 1.2665 and further down. Stop loss will be above 1.2730.
USDCAD Intraday Overview 06-01-2022#forexsignals #freeforexsignals #dailyforexsignals #weeklyforexsignals
#USDCAD daily bias looks bearish. The seller’s price of interests are 1.2822, 1.2839
The possible targets are 1.2712, 1.2645
These analysis are based on the current market swing and we update our views based on the upcoming future swings
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USDCAD Analysis on H1 Chart.Overall, USD/CAD is ranging across. Recently, USD/CAD broke above the key level of 1.27.
The Canadian Manufacturing PMI data (Forecast: NA, Previous: 57.2) will be released later at 2230 (GMT+8).
The OPEC+ will be holding their meetings today. Pay attention to whether the organization will make any changes to its planned oil production hike of 400,000 barrels-per-day.
USD/CAD’s next support zone is at 1.26100 and its next resistance zone is at 1.29000.
Look for short-term Selling opportunities of USD/CAD.
USDCAD WEEKLY ANALYSIS 03-01-2022#forexsignals #freeforexsignals #dailyforexsignals #weeklyforexsignals
#USDCAD weekly bias looks bearish. The seller’s price of interests are 1.2722, 1.2742, 1.2776, 1.2803
The possible targets are 1.2642, 1.2600
These analysis are based on the current market swing and we update our views based on the upcoming future swings
USDCAD bears have miles to go before retaking controlsUSDCAD bears are yet to provide a convincing sign of return despite Friday’s heavy fall. The 100-DMA, surrounding 1.2620, acts as an immediate hurdle to get more sellers on the board. However, the 200-DMA and an ascending support line from May, respectively around 1.2500 and 1.2420, become crucial challenges for the pair bears. Should USDCAD drop below 1.2420, odds of witnessing the quote’s downside to October month low close to 1.2285 can’t be ruled out. It’s worth noting that the RSI line has a small passage before testing the oversold territory and the MACD is losing the bullish bias, suggesting short-term declines.
On the contrary, the corrective pullback may aim for 23.6% Fibonacci retracement of May-December up, near 1.2740. However, July’s high and a monthly horizontal hurdle, near 1.2810 and 1.2850 in that order, will challenge the USDCAD bulls afterward. Adding to the upside filter is September’s top of 1.2895 and 2021 peak close to 1.2965, not to forget the 1.3000 psychological magnet. That said, the Loonie pair bulls seem to have eased but the bears are yet to justify their strength.
USDCAD Long - 1.26500USD CAD is trading near it's demand zone. Wait for Reversal of short term trend to take place. Once Doji/Inside Bar/Outside Bar appears , then go long for a comfortable swing high
USDCAD BUYUSDCAD BUY levels given Before Entering Trade do Your own Analysis it's Only for Educational Purpose
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Six-week-old support line, 200-SMA test USDCAD bears USDCAD sellers cheer a rising wedge bearish pattern confirmation at the yearly top amid downbeat MACD and RSI signals to keep the reins during the last days of 2021. However, a clear downside break of an ascending trend line from November 10, near 1.2735, followed by the 200-SMA surrounding 1.2715, becomes necessary to witness further losses. In that case, the monthly low near 1.2605, also comprising mid-November top, will be a tough nut to crack for the pair sellers.
Meanwhile, the corrective pullback may aim for the early month tops near 1.2855 before challenging the support-turned-resistance line of the wedge, around 1.2920. Should the USDCAD buyers manage to stay in command past 1.2920, they won’t hesitate to refresh the yearly top while eyeing another battle with an ascending resistance line from December 03, close to 1.3010.
USDCAD#simplepriceaction, #BREAKOUT #breakdown #MSB, #expansion, #orderblock, #reversal, #risk-reward, #moneymanagement .... only for educational purpose
USDCAD WEEKLY ANALYSIS 20-12-2021#forexsignals #freeforexsignals #dailyforexsignals #weeklyforexsignals
#USDCAD weekly bias looks bullish. The buyer’s price of interests are 1.2836, 1.2793,1.2778, 1.2718
The possible targets are 1.2900, 1.3000
These analysis are based on the current market swing and we update our views based on the upcoming future swings
USDCAD bulls attack five-month-old resistanceUSDCAD posted the highest daily close of 2021 on Friday, bouncing off 10-day EMA. However, an upward sloping trend line from July challenges the pair buyers amid nearly overbought RSI conditions, teasing a pullback. Should the 10-day EMA level of 1.2790 fails to trigger another bounce, a downward trajectory towards 50-day EMA near 1.2650 can’t be ruled out. During the quote’s weakness past 1.2650, June’s high and 50% Fibonacci retracement of June-August upside, around 1.2470, will be an important level to watch.
Meanwhile, a clear upside break of the stated resistance line near 1.2900 will aim for the yearly top of 1.2948 and the 1.3000 psychological magnet. Though, RSI conditions may challenge the USDCAD buyers then after. If not, then November 2020 peak close to 1.3130 should return to the charts. To sum up, USDCAD bulls seem to have tired of late, which in turn suggests consolidation of the latest gains but the trend reversal is far away.
