The Dollar has been weaker for this time and thus all the dollar pairs seems to be bearish. This setup looks good for selling opportunity and aiming for 1.3370.
Note- This is my own analysis and thus not to be considered as trading signal, before making any decisions kindly do your own research, as trading is highly risky.
USDCAD prints a three-day winning streak despite mildly bid Oil price, bracing for the monthly Canada inflation numbers within a seven-week-old rising wedge bearish chart formation. In doing so, the Loonie pair extends last week’s rebound from a 200-bar Exponential Moving Average (EMA) backed by the price-positive RSI conditions and a looming bull cross on the...
Dear Friends See the USDCAD Analysis, and also you can choose Martingale Strategy for select the Buy & sell orders & also Follow my Trading View Channel to get the Instant Notification of Every New Analysis.
Red line plotted describes trend line resistance at higher timeframe. Blue square describes resistance at 4hr timeframe. Expecting false breakout then reversal.
I'll be looking for candlestick pattern or Higher support level break for the entry.
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your...
FOREXCOM:USDCAD
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if...
Lets understand what I am trying to to here. There was a horizontal support which helped to move price up. Now if ita takes support cosidering trendline support as well then we can expect a short time upside move
possible USDCAD trade scenario enter with ltf confirmation if taken direct entry manage your risk properly 1:2-3 RR as this week is full of HIGH IMPACT NEWS enter at your own risk
indicator based SMC approach. follow and like for more such setups
let it pull back to the zone
Disclaimer:- This is not A BUY OR SELL recommendation. please Consult with your financial advisor or with broker before taking any trade,
this post is for educational purpose only . warning :- do not jump directly or do not copy my trades
DO your analysis properly
USDCAD rises for the fourth consecutive day while poking the 200-SMA as the pair traders await Canadian inflation data, namely the Consumer Price Index (CPI) and the Bank of Canada (BoC) CPI. It’s worth noting that the firmer RSI (14) line and the bullish MACD signals favor the latest bull run. Adding strength to the upside bias is the daily closing beyond the...
The USD/CAD chart is exhibiting a compelling technical pattern known as the "big belt on buy." This pattern is characterized by a prominent and sustained bullish trend, resembling a significant upward belt on the price chart.
Key Features:
Strong Bullish Momentum: The chart displays a robust and sustained upward movement, indicating a prevailing bullish...
![USDCAD: USDCAD Short [Weekly Swing]](https://s3.tradingview.com/c/CEgjNkCk_mid.png "USDCAD Short [Weekly Swing]")
