USDCAD: Technical analysis. Hello traders,
Wave 4 has probably ended at 1.20068. Wave 5 is supposed to materialise towards the resistance zone at 1.61850.
Thanks.
USDCAD trade ideas
USDCADDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
As ai said in the last week...As you can see on the 1 week and 1 month chart, USDCAD is at a much too important point and much too strong not to think of a massive rejection and a BUY between 400 and 900 pips!
even if maybe it will test the trend line again ... I will set TP1 to 1.24700 and then to 1.29700 in the next period
THIS WEEK...UC reached the first TP from 1.24700 and even if it rejects and goes down to the 1.23700 area my final target remains 1.29700
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*This information is not a Financial Advice.
USDCAD BUY, comming trade on Monday 21-JUN USDCAD moving upside with breaking 4H timeframe trendline and resistance on 1.23750,
there are high chances that USDCAD can move to the next resistance which is on 1.26150.
we can catch 1:2 RR with that trade.
Good Luck :)
USDCAD USDCAD After a huge downwards trend it started to go up after creating Double Bottom. so every drop buy when u want to have a profit
usdcad short side Hello guys i had find this trade in 4h timeframe which made double top and also hitted the upper trendline had a good opportunity to short with low risk and high reward with above sl and below tg also do your own analysis before any trade if you like my analysis plzz like share follow thank you
Quick trade shortside usdcadHello guys in had find this quick trade in 15m timeframe and its hitted resistance we have a good high RR trade we can short with above sl and below tg also do your own analysis before taking any trade thank you
Live Challenging Forex Market Analysis Buy USDCAD @ 1.21531Market Analysis
Live Challenging Forex Market Analysis Buy USDCAD @ 1.21531
Buy 2 @ 1.21264
Target @ 1.22501
#stockmarket #USDCAD #forextrading
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USDCAD has taken reversalUSDCAD has taken a reversal from 1.20200 in the weekly time frame with two Doji candles with good confirmation but volume is not supported so we can look at the first target of it is 1.26500 which is at a 0.23% level of Fibonacci
the one fundamental thing that is help it is the rising of the US Dollar
Trade is not recommended
Comment your views
Thanks
USDCAD: chart analysis with two setups 1.2124 is key level if you want ride on wave c of ((y)) but there is weakness bellow 1.2124.
it suggests that wave iv is complete and USDCAD is heading lower.
💡Don't miss the great buy opportunity in USDCAD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.2124).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCADis in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
Take Profits:
TP1= @ 1.22020
TP2= @ 1.22648
TP3= @ 1.23518
TP4= @ 1.24405
TP5= @ 1.25489
SL= Break below S2
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USDCAD tease falling wedge breakout near multi-month lowUSDCAD reverses Friday’s losses inside a bullish chart pattern, falling wedge, on the daily play. However, buyers need a clear upside break of 1.2100, not to forget the previous support line from March 18 close to 1.2180, to retake controls. Following that, the USDCAD rally towards 50-DMA level near 1.2285 and then to the previous month’s top near 1.2350 can’t be ruled out. It’s worth noting that the RSI is gradually recovering from the oversold area and the bullish formation is near the lowest since May 2015, which in turn amplifies the breakout in favor of buyers, if sustained.
Meanwhile, 1.2050 and 1.2030 can entertain USDCAD sellers ahead of testing them with the 1.2000 psychological magnet. Also likely to challenge the pair bears is the stated chart formation’s support line near 1.1990. During the quote’s further weakness below 1.1990, May 2015 lows near 1.1920 become the key as a clear breakdown of the same will make USDCAD vulnerable to slump towards March 2014 high near 1.1280.
USDCAD Sell at RejectionUSDCAD is in clear downtrend. Wait for the pullback and check for the rejection area. Enter on the trend continuation.
BUYING SIDE USX/CADHello guys I had find this trade which is taking trendline support in 1h timeframe and ready to buy and sl below support and target at upper channel i had done the analysis you can watch and also before taking any position please do your own analysis thank you if you like my analysis please share like and follow
USDCAD PredictonExpecting mitigation to downside OB and pullback to upside OB and fill the imbalance and mitigate the 1M bearish OB
