Trading Ideas- Long positions above 1.2633 with targets at 1.3069 & 1.3157 Alternative scenario If price goes down 1.2633 look for 1.2406 & 1.2291 as targets. Supports and resistances 1.2406 & 1.2291 1.3069 & 1.3157
Not only a downside break of the monthly bullish channel but sustained trading beneath the 100-SMA also keeps USDCAD sellers hopeful ahead of Canada’s Consumer Price Index (CPI) data on Wednesday. Adding strength to the bearish bias is the downward sloping RSI (14) since the last week. That said, the 1.2800 appears immediate support for the quote ahead of...
Hello Traders, Hope you all are doing good!! I expect USDCAD to go down from here. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime,...
Trading Ideas- Buy positions above 1.26330 with targets at 1.31550 & 1.33860 Alternative scenario Below 1.26330 look for further downside with 1.24090 & 1.22890 as targets. Supports and resistances 1.24090 & 1.22890 1.31550 & 1.33860
Market forming an bullish flag pattern , wait for the trend line resistance breakout and retest after enter the trade Target🎯1. 3045
Respect 38% retracement down then will Decided to go up or down..
As the price has formed the channel, u can see the breakout has taken place from the downward trajectory which, in turn, should act as a strong base (support) for the USD/CAD pair and a key pivotal point in daily chart.
USDCAD Buy trade opportunities USDCHF Buy Trade opportunity It running on range position and testing resistance level if breakout with a good bullish candle then waits for some retrace and take a long trade as we mark on the chart "Always trade with Stop Loss"
USDCAD Sell trade opportunities USDCAD Breakout support trend line is a very good opportunity to take a short trade here with stop loss above the support area "Always trade with Stop Loss"
USDCAD refreshed a seven-year high on Thursday before reversing from a downward sloping trend line from December 2021. The overbought RSI condition on the daily chart also seemed to have challenged the pair bulls. However, the Loonie pair’s ability to stay well beyond the 200-DMA amid bullish MACD signals hints at the quote’s strength. Hence, a clear break of the...
Bullish trend will be continued till 1.2929, put a stoploss 1.2761.
1. Broke trend which is a confirmation for the short 2. Currently at the 618 entry area 3. Expect rejection on the upside soon or at the 786 for an entry
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.2537). 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 a downtrend is expected. . The price is below the 21-Day WEMA, which acts as a...
usd cad break down the trend line at the daily time frame and its now its come to retest the trend line also its matching the fib 50 so i expect some fall in usd cad
1. A clear break of trend on the daily for the downside 2. The market is completing its retracement with it hitting the 618 on the fibs 3. Also have an engulfing bearish candle in current market
USDCAD’s rebound from a weekly low fails to cross the 200-SMA hurdle amid a holiday-thinned trading session on Friday. Not only the 200-SMA level surrounding 1.2630 but a downward sloping trend line from March 08, near 1.2660, also challenge the pair’s upside momentum. It’s worth noting that the quote’s upside past 1.2660 needs validation from the monthly high...
usd cad is forming a long opertunity in higher and lower time frame, yet still its friday newyork session and either you can wait for monay to enter from discount or cab uy from cmp