USDCAD trade ideas
Don't miss the great buy opportunity in USDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.396). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCAD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
Take Profits:
TP1= @ 1.4015
TP2= @ 1.4045
TP3= @ 1.4115
SL= Break below S2
cup and handle formation according to my analysis usd cad had formed an cup and handle pattern and the handle is about break . 50 ema is already broken and mad is showing and end to bearish momentum .volumes are basically low . so according to me usd cad is about to break in to new highs . i am a beginner in trading dont follow my analysis . if you think this is a good setup please give me a like
USDCAD UC is travelling within in the given channel trends, and retest and a chance of more going down. In case if it breaks above it tests the above trend line
Don't miss the great buy opportunity in USDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.40400). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCAD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.
Take Profits:
TP1= @ 1.4115
TP2= @ 1.4170
TP3= @ 1.4200
SL= Break below S2
USD CAD DEMAND ZONE LONGUSDCAD IN DEMAND ZONE FOR BUY. LEVELS ARE IN THE CHART. NO INDICATORS ARE USED. PURE PRICE ACTION.
Don't miss the great sell opportunity in USDCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.4035). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCAD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 31.
Take Profits:
TP1= @ 1.3950
TP2= @ 1.3915
TP3= @ 1.3860
SL: Break Above R2
SELL USDCADThere is a wedge pattern in daily chart of USDCAD, and indicating that it may test 1.3800 level again.
So, it's a great time to go short on USDCAD and TP - 1.3900 approx.
It have high chances to test this level
our analysis on latest price price is almost showing heavy bullishness , but we may see some bearishness at the spot , make sure dont jump and take an entry , enter after good confirmation
A trading opportunity to buy in USDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.4040). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCAD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 1.4115
TP2= @ 1.4261
TP3= @ 1.4667
SL= Break below S2
pattern is going goodwe can see a price action pattern in this pairs USDCAD, if we get a touch on the upper circuit , it will be a great sell opportunity
USDCAD SHORT TRADE SETUPThe weekly is turning up against the 9/8/2017 lows at 1.2061. The daily & 4 hour right side is up with a bullish sequence against the 12/31/19 lows at 1.2944. While below 1.4266 where the hourly is turning down the pair can continue lower to correct the cycle up from the 12/31/19 lows.
