USDCAD.PRO.OTMS trade ideas
USDCAD BUYMarket now in strong level of support and this level hammer candle formed, next level of market going to bull, it's time to buy opportunity
usdcadFX:USDCAD
As you can see in USDCAD in 1Hr Time frame has formed Inverted Head and Shoulder. if it breaks the Neck line and retest the neckline level then we can go for buy side. Plane your trade accordingly....
USDCADlooks like sell for me if a nice pullback comes we can go with sell with some nce entry candles
Intraday Short USDCADSort of a double top with overheated RSI on hourly and 4 hours. SL above 1.3650, target 1.3595 and 1.3570
USDCAD stays on bear’s radar as US inflation, BoC loomsBe it a clear downside break of the 10-week-old ascending trend line or sustained trading below the 200-SMA, not to forget the latest fall below one-week-long rising trend line, USDCAD has it all to keep its place on the bear’s radar. The quote’s further downside, however, hinges on the Bank of Canada (BoC) monetary policy decision and the US Consumer Price Index data, as well as the FOMC Meeting Minutes. That said, the monthly low of around 1.3400 and multiple levels marked near the 78.6% Fibonacci retracement of the pair’s February-March upside, close to 1.3390, could test the Loonie pair sellers. In a case where the bears keep the reins past 1.3390, February’s low of around 1.3260 will be in focus.
Meanwhile, USDCAD recovery initially needs to cross the weekly support-turned-resistance of around 1.3500 before poking the 50% Fibonacci retracement hurdle, around 1.3560, to convince intraday buyers. Even so, the previous support line from early February, close to 1.3615-20, could challenge the upside momentum. If at all the Loonie pair manages to cross the 1.3620 hurdle, a convergence of the 200-SMA and 38.2% Fibonacci retracement will act as the final defense for bears near 1.3630. Should the quote remains firmer past 1.3630, backed by price-positive fundamentals, a run-up towards 1.3740 and 1.3800 can’t be ruled out.
To sum up, USDCAD is well-set for further downside on a key day for the pair traders.
USDCAD is making bearins rising chanalUSDCAD is tarding beloow 1 H and 4 H EMA(200)
iN DOWN TRAND .Now making bearish risIng chanal
AND just touch 1 H ema(200).
Once if it make beraish candlsrick pattern near 1 H EMA(200)
It may fall sharply
EDUCATIONAL PURPOSE ONLY
USDCAD buyers preferred above 1.3550 USDCAD buy preference above lows and above 1.3550.
This is price action and still one hour before US opening hours so consider that voltility it will be a factor today for information about employment.
Market is holding into dollar at this levels
USDCAD buyers on hold to 1.35 levelsScalping is ideal here since market is just getting thru lows
Above 1.3450 buy strategies are ideal. Today´s target 1.35 and extentions
USDCAD DAILY TECHNICAL ANALYSIS Trading Ideas-
Short positions below 1.3863 with targets at 1.3204 & 1.2955
Alternative scenario
If price sustain above 1.3863 look for 1.3985 & 1.4226 as targets.
Supports and resistances
1.3204 & 1.2955
1.3985 & 1.4226
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.
