USDCAD.1.MINI trade ideas
Scalping USDCAD above 1.3550 possible buyersUSDCAD is below 1.36 pushing sellers to 1.3550 and 1.3540 with extention to 1.3530.
All this lows have high buy potencial.
I suggest to wait on buyers and attention to get stuck with a short at this lows.
EURUSD GBPUSD USDCAD market update 28thEURUSD is holding buyers above 1.08, waiting more information. IF above 1.0830 all buyers back to TP 1.0850
Sell expected below 1.0815 to 1.08, below 1.08 all sellers back
IF above 1.0830 all buyers back to TP 1.0850
GBPUSD is holding buyers above 1.23, waiting sellers below 1.23 to 1.2290 below 1.2290 sellers back to 1.2260 and 1.2250
IF above 1.2340 possible buy to 1.2350 and 1.2360
GBPUSD EURUSD attention to highs in both cases.
USDCAD buy prices between 1.3650 and 1.3660 to TP 1.37
USDCAD at an important point.FX:USDCAD
Short if the Usd Cad crosses the support line with a good volume.
Decending trange pattern Deceding trangle In H2 time frame We can go inter in trade after breackout & retest Lets which Side will breackout this structure
wait for breckout !
Buy USDCAD Target 1.42 and 1.48Dollar has changed its trend and become Bullish mainly after Fed Data and meetings. Euro becoming Bearish all USD pair trend changed to Bullish and USDCAD is already in bullish trend continuation in Daily chart with Target of 1.42 and 1.48 is very visible in chart
USD/CAD BREAKDOWN As Per Smart Money Concepts ..
Usd/cad Currency Pair Its Important Support Zone And Sustain Below .
We Can See Good Down Movement In This pair..
Stop loss Also Mention In Chart.
Disclaimer:- This Post Is Only Educational Purpose . Trade With Your Risk Management.
USDCAD appears well-set for further downside towards 1.3500USDCAD justifies a downside break of a five-week-old ascending trend channel, as well as downbeat RSI and MACD signals, despite marching towards the 61.8% Fibonacci retracement level of October-November 2022 downside, near 1.3690 ahead of the Bank of Canada (BoC) Consumer Price Index (CPI) for February. Should the inflation gauge suggests further rate hikes from the BoC, as it reiterated the readiness to resume the rate hike trajectory if needed, the Loonie pair will have a further downside to trace. In that case, a convergence of the 100-DMA and 38.2% Fibonacci retracement, close to 1.3500, will be a tough nut to crack for the sellers. Following that, the previous resistance line from October 2022 and the 200-DMA, respectively around 1.3430 and 1.3340, may lure the bears.
Alternatively, softer inflation data may trigger the USDCAD pair’s corrective bounce. However, the aforementioned channel’s lower line, close to 1.3800 at the latest, holds the key to the buyer’s entry. Should the quote rises past 1.3800, the monthly peak surrounding 1.3865 and the 2022 peak of 1.3977 may test the bulls ahead of directing them to the stated channel’s top line, near the 1.4000 round figure.
To sum up, USDCAD is likely to decline further as the key Canadian inflation data looms. Even if the statistics disappoint the Loonie pair bears, the life of a corrective bounce appears limited.
USDCAD ANALYSIS Symmetrical triangle pattern structure formed and trend line support level breakout, it's time to sell opportunity
USDCAD 1HR short possibilityUSDCAD 1HR short possibility set your stop loss and enjoy the trade. best of luck
Short-Term Elliotical Approach to USDCAD Long.Hello Traders!
1. This analysis is based on the previously published longer-term analysis.
2. The count has been stated along with certain warnings and guidelines.
Do use proper risk management.
Happy Trading.
Profits,
Market's Mechanic.
USDCAD Long Opportunity till previous High>> The security has been coiling for the last several session, especially during the last five sessions.
As the 1.25 * average of 5-days range over the last 10 period is approximately 0.02, it is expected that the energy released after the move from the range would also be around 0.02. Thus, 1.36803 (Prev. session's mid-pt.) + 0.02 (1.25 * Average range) = 1.39 (which is also the prev. quarter's high and around our ADR100 calculation. Thus, the confluence.)
USDCAD OB 30 MIN CHARTUSD CAD had formes DOUBLE TOP on 30 min chart
with strong support on rising trend line.
on break of trend line on uo side it may come in bullish run
strong break out above DOUBLE TOP
( ONLY FOR EDUCATIONAL PURPOSE)
USDCAD is bullishThe pair is making hh and hl continuosly , and in the correction phase it formed a bullish candle which a sign of reversal
USDCAD bulls need to cross 1.3700 for confirmationUSDCAD bulls struggle to defend the two-week-old winning streak ahead of the Canadian GDP data. However, the Loonie pair stays beyond the fortnight-long support line, as well as the key moving averages, to keep buyers hopeful. That said, a horizontal area comprising multiple levels marked since early October 2022, around 1.3700 appears the key upside hurdle for the pair. Following that, a run-up towards the 1.3830 and the 1.3900 threshold could be quick. In a case where the quote remains firmer past 1.3900, the previous yearly top surrounding 1.3975 and the 1.4000 psychological magnet could challenge the upside momentum. It should be noted that the RSI appears overbought but the MACD remains bullish, which in turn highlights the incoming data.
Meanwhile, pullback moves may initially poke the immediate support line near 1.3580 before approaching the 100-DMA support of around 1.3500. In a case where the USDCAD remains weak past 1.3500, a gradual downturn toward the 200-DMA close to 1.3260 can’t be ruled out. However, the Loonie bears need a clear downside break of the stated key DMA support to retake control.
Overall, USDCAD remains on the bull’s but a pullback can’t be ruled out unless the price remains below 1.3700. That said, strong prints of Canadian GDP could trigger the much-needed retreat of the Loonie pair.
Price ActionUSDCAD seems like it has found resistance to favor bears. Use proper risk management. Lets Download Success
USDCAD ANALYSIS Market now forming an bullish pennant pattern structure, it's time to buy opportunity
Target expect at @1.3875
