it is in a down trend
its recent price behaviour suggest
after a one big move upward it starts consolidating and make range which eventually gives breakdown towards downside
📈 Trade Idea Overview:
The USDCAD pair presents an intriguing opportunity with the emergence of a Bullish Kangaroo Tail candlestick pattern, suggesting a potential reversal in the current downtrend. This formation, characterized by a long lower wick and a small body, indicates a rejection of lower prices and a possible shift in market sentiment.
📊 Technical...
On Weekly it is on Clear Bullish Correction Happened 618% waiting for the change of Character to enter on retracement for the Buy Side Expected High Probably
this trade was taken for a long as soon as it passed the first break-out zone that was fixed by looking at the support and resistance zones that were set and once the target zone was crossed the force that it went was so fast that it hit the resistance zone in no time but what was predicted that it would cross the resistance zone and shoot out bullish didn't...
USDCAD takes offers to refresh the intraday low near 1.3570 while snapping a two-day uptrend ahead of the Bank of Canada (BoC) Interest Rate Decision. In doing so, the Loonie pair reverses from a convergence of the 100-day Exponential Moving Average (EMA) and a month-old descending trend line, around 1.3600 by the press time. It’s worth noting that the BoC is...
the trend is down
its recent history suggest an formation of v pattern then consolidates for some time
and will give us its original trend direction
so here is the plan
overall trend is down
it down moves after retracing to 50% levels
(this is analysis is after analysis of recent history on 15hr timeframe )
so here is the plan
USD/CAD broke out from the uptrend channel (1) early last week, officially ending the upward trend that started in early July. By the end of last week, the USD/CAD closed at 1.3624, clearing the buying from the support level of 1.3650(3). In the coming week, expecting a new round of selling with a temporary target near the 100-day MA(2) around 1.3550. This week,...
While looking at shrot time frame tarde we must keepin it simple makes more sense. While looking at this particular timeframe I'm personally taking long in this trade
OANDA:USDCAD
The USDCAD pair is currently trending towards the sell side according to my analysis. After a brief period of consolidation, the pair has broken through the semantic triangle and key support level at 1.36700, which is a significant bearish signal. Therefore, I suggest placing an entry point at 1.36600 to initiate a short position.
My target for the sell trade on...
The USDCAD pair is currently trending towards the sell side according to my analysis. After a brief period of consolidation, the pair has broken through the semantic triangle and key support level at 1.36700, which is a significant bearish signal. Therefore, I suggest placing an entry point at 1.36600 to initiate a short position.
My target for the sell trade on...
overall trend is down
after analysing history it has some patterns as per drawn by me on chart
and also dxy index looks consolidating towards downside
so here is the plan
