Trading Ideas- Long positions above 1.3198 with targets at 1.3806 & 1.3976 Alternative scenario If price goes down 1.3198 look for 1.2954 & 1.2735 as targets. Supports and resistances 1.2954 & 1.2735 1.3806 & 1.3976
USDCAD remains depressed at the lowest levels in six weeks after breaking the 100-DMA as broad US Dollar weakness joins firmer oil prices. Even so, the bears are waiting for the Bank of Canada (BOC) Governor Tiff Macklem’s speech for further directions. That said, the 50% Fibonacci retracement level of June-October upside, near 1.3250, appears the immediate...
The chart mentions everything pretty clearly. My next approach would be to look for an entry point close to the channel's lower trendline with the protective stop (invalidation level) at wave 1 high. This is the 5th wave of the 3rd wave as per my analysis which we would attempt to capture. The target should be close to the channel's upper trendline. A definitive...
USDCAD Trade Idea- Price is entering in a highly bullish zone. a possible target is 250 pips.
Hey guys this is just forecast not confirm trade. I am expecting it will fall from our zone. Lets see what will happen next. Thanks
1st wave done, 2nd wave triple corr wave, now running in 3rd wave.
1st wave done, corr is triple zigzag, waiting for 3rd wave
USDCAD holds onto the late December downside break of the seven-week-old ascending support line, even if the 200-SMA challenges the bears. That said, the downbeat MACD and RSI conditions also favor the Loonie pair sellers as they attack the key SMA surrounding 1.3520. Additionally challenging the bears is the double bottoms marked around 1.3485-80 during the last...
Hey traders, here is the analysis for the USDCAD. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
Trading Ideas- Long positions above 1.3198 with targets at 1.3806 & 1.3976 Alternative scenario If price goes down 1.3198 look for 1.2954 & 1.2736 as targets. Supports and resistances 1.2954 & 1.2736 1.3806 & 1.3976
Wait for proper breakout or breakdown Yellow are Suppply zone aand blue are demand zone
USDCAD portrays a bearish triangle formation after multiple rejections from the 1.3700 threshold. The sellers, however, await a clear downside break of the stated formation’s support, near 1.3590 by the press time, as well as the Bank of Canada inflation data. A clear break of the stated 1.3590 support, backed by upbeat BOC CPI, could quickly drag the quote to the...
As per my analysis #usdcad will go for a long position. i am waiting for one more confirmation to enter a long trade.
USDCAD Has Been Given Trend line Breakout and Retest its Previous Support Which is draw in Chart . Look For Buying opportunities Above 1.35772 and sustain above 1 hour candle .. Long Stop loss = 70 pips Selling Below 1.35221 Stop loss 70 pips
USDCAD Sell trade opportunities its overall sell trade is retracing from the major Resistance line and currently breakout short-term support it is a good opportunity to short trade here with good risk rewards
USDCAD grabbed the bull’s attention ever since it crossed a two-month-old descending resistance line, now support around 1.3500. The upside bias also takes clues from the firmer RSI and MACD. However, the 61.8% Fibonacci retracement level of the pair’s October-November downside, near 1.3695, appears a tough nut to crack for buyers. Also acting as an upside filter...
Curently usdcd given breakout so this trade is very dangerous for short but I am in Short BIAS from that Supply Zone