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
USDCAD fades the week-start recovery as market players await Canada inflation data on early Tuesday. In doing so, the Loonie pair defends the previous week’s U-turn from the 100-SMA while retreating towards a two-month-old rising support line. Adding strength to the bearish bias are the downbeat MACD signals and the mostly steady RSI (14). However, the quote’s...
1) USD /CAD moves downside to 1.3700 on weaken US Dollar. 2) The bearish outlook for USD / CAD remain below the 50, 100 AND 200 moving average ( 1 hour TF ). 3) Major support level seen at 1.3655. Technically, the bearish outlook for USD/CAD remains intact as the pair holds below the 50- and 100-day Exponential Moving Averages (EMAs) on the four-hour chart....
it is simple uptrend with higher lows and higher highs so plan is simple we are buying it
it's simple uptrend so we looking to buy at lower high with keeping our stoploss at previous lower high
We saw USDCAD Short Because, USDCAD Elliott Impulse Wave (12345) Complete or now Elliott Correction Wave (ABC) A or B Complete or now USDCAD Moved C Level.
USDCAD posted the biggest weekly loss in more than seven months amid broad-based US Dollar weakness and the upbeat performance of WTI crude oil, which is Canada’s biggest export earner. In doing so, the Loonie pair also confirmed a two-month-old rising wedge bearish chart formation. Also strengthening the downside bias are bearish MACD signals and an absence of...
its recent falling method suggest after each swing toward downside it retraces back to 38.2% and then continues falling
USD/CAD tumbles to near 1.3800 as investors see Fed rates peak for now The USD/CAD pair falls vertically after a short-lived pullback to near 1.3850 in the European session. The Loonie asset faces an intense sell-off as the US Dollar extends downside on expectations that the Federal Reserve (Fed) is done with hiking interest rates for now. S&P500 futures...
it is in slowly uprise trend which signify that it unable to penetrate previous lower highs (x,y,z). so looking for a buy at support and keeping my stoploss at previous lower high
USD CAD upside move possible Buying above the 1.39018 Stoploss 1.38087 Target 1.40879
Hi Guy's I would like to suggest short USDCAD. It's look good for bearish call.
HI guys, potential sell entry with a very good risk-to-reward ratio... if you like my analysis do comment and like...