USDCAD SETUPUsdcad is forming a 4 hr descending triangle .
wait for either the resistance to break for buys or break of trendline and last higher low for sell.
CADUSD trade ideas
USD CAD upside move possibleUSD CAD upside move possible
Buying above the 1.32345
Stoploss 1.31519
Target 1.33758
usdcadFX:USDCAD
As you can see that, USDCAD has created a good horizontal support zone, Head and shoulders pattern. If it gives breakout and retest the same drawn level then we can plan for sell side. Plan your trade accordingly...
USDCAD . 1hr . FXCM(20.07.2023)USDCAD . 1hr . FXCM
currently market retest my zone and the zone is very strong so let see 80% market going to sell after retest the zone. let see
USCCADDear Friends See the USDCAD Weekly Analysis, and also you can choose Martingale Strategy for select the Buy & sell orders.
USDCAD 4RR Setup1) Downtrend
2) Price is Below EMA
3) Moving Down From their Strong Resistance
4) Fundamentally USDCAD Is looking Short
70% Technical 30% Fundamental
USDCAD AnalysisI was looking at the USDCAD and it might see it's bearish structure and possibly it'll fall more as I expected.
Currently I'm looking for sell trade on USDCAD at market price of 1.32713 and I'll use 1.33322 as my stop loss so then I'll use my three target's respectively 1st target should be swing low at 1.31000 something and 2nd & 3rd target respectively demand zones.
Fundamentally it looks bearish as of recession in the united states and some of strong events that'll cause usdcad fall down i.e>>>
Building Permits
Retail Sales MoM
Inflation Rate YoY
Thanks,
San
USDCAD- BearishAfter the completion of a corrective rise in the first week of Jul'23 the currency pairs is forming lower lows and lower highs in an impulsive manner. We can count a five structure in the internals of each leg. Also we have a bullish outlook on AUDUSD then we must go short USDCAD as both the pairs are negatively correlated.
One should go short on current levels with SL of 1.33 and look for the target of 1.3000 and 1.2900 in the coming days.
Sell Alert on USDCADMy Analysis:
1. Channel up breakout
2. Fast EMA crosses below Slow EMA
3. Price falls below the 200 EMA
4. Enough volume for Bearish movement
5. RSI moving downwards and just crosses the middle line
BREAKOUT PRICE:1.32816
STOPLOSS: 1.33135
TARGET 1: 1.32070
TARGET 2: 1.31280
PROBABILITY: More than 80%
USDCAD NEWS TRADE ANALYSIS with High Frequency Bucksusd cad high probalility setup with advanced high frequency bucks high quality setup with simplified supply and demand
USDCAD 4 Hour Analysis (11 July - 12 July 2023)USDCAD 4 Hour Analysis (11 July - 12 July 2023)
1. Price just broke the lower trendline
2. Also, we can see bullish divergence in Stochastic
3. Also, the price is in oversold area of stochastic
4. So, for bearish entry we have to wait for pullback
5. Else, if the price enters the trendline again, we
can expect some bullish entry,
USDCAD SETUPUSDCAD setup based on market structure and trendlines.
Either it will take support from trend line and we can look for buys or else it will break the trendline and we can look for sells at break and retest .
USDCADGlobally, we see a downtrend, but an uptrend is forming now on the H1. We removed liquidity from the bottom + there is a gap above. The price should bounce from them and reach the upper gap. Risky trade - I don't plan to enter with big money. Write your questions in the comments. Who sees a different picture - let us know.
#usdcadDear Friends See the USDCAD Weekly Analysis, and also you can choose Martingale Strategy for select the Buy & sell orders.
USDCAD for the shortLittle sneak peak of my scanner that tells me what trades to take
This is what its calling for a sell and just drew it up. Happy Trading. Next tip will probably be next week or 2 once I get back from vacation
USDCAD 4 Hour Analysis (28 June 2023)USDCAD 4 Hour Analysis (28 June 2023)
1. Price is in wedge, so we can expect wedge breakout
2. We have two important KeyLevels KL1 and KL2
3. the previous bullish stochastic divergence
suggests price in bullish move
4. So, for bullish trade, the price needs to break
KL1 and upper Wedge
5. For bearish move, the price needs to break KL2
and lower wedge
So, we need to wait and enter
USDCAD has more downside room as Canada inflation loomsUSDCAD remains depressed at the year-to-date levels ahead of Canada inflation and US Durable Goods Orders. It’s worth noting that the Loonie pair bears have little fundamental, as well as technical support unless witnessing a corrective bounce. That said, the oversold RSI appears the first catalyst suggesting a rebound in the pair price. With this, a one-month-old falling trend line, around 1.3165 by the press time, precedes the 61.8% Fibonacci retracement of its August-October 2022 upside, near 1.3210, to restrict the short-term upside of the pair. In a case where the quote remains firmer past 1.3210, the previous support line stretched from November 2022, close to 1.3350, and the piercing of the 50-EMA to the 200-EMA from above near 1.3400, will act as the last defense of the bears.
On the contrary, strong Canada inflation and the downbeat US data may allow the USDCAD bears to keep the reins despite an oversold RSI. The same highlights the 1.3000 and the 78.6% Fibonacci retracement level of 1.2990 as the next targets for the Loonie pair bears. Should the pair sellers keep dominating past 1.2990, the September 2022 bottom of near 1.2950 will challenge the sellers before directing the pair towards the late 2022 trough close to 1.2725.
Overall, the USDCAD bears are likely to stay in the driver’s seat even if a short-term bounce is very much likely.
USDCADFX:USDCAD
As you can see that, USDCAD has created a head and shoulder and if it breaks the support neck line, gives retest then we can plan for sell side... plan your trade accordingly.....
USDCAD 4 Hour Analysis (22 June 2023)USDCAD 4 Hour Analysis (22 June 2023)
1. Price is in one wedge
2. again, price is in bullish divergence
with AO
3. if the price breaks from down wedge
we can enter short with retest
4. else, we can go with long trades,
and the consolidation can be the TP1
