USDCAD : An impulsive fall from the level of 1.2950 & an expanded flat formation in abc pattern peaked at 1.2760 suggests that USDCAD is ready to continue its long term bearish trend . One should go short with SL of 1.27650 for the tgt of 1.2400 / 1.2250 and 1.2000
US dollar bulls dominate markets following the return of the American and Canadian traders on Tuesday, portraying the heaviest daily gains of the greenback in three weeks. The same portrayed the USDCAD bounce off 100-day EMA, keeping the recovery moves ahead of the key Bank of Canada (BOC) monetary policy meeting. Given the firmer RSI and fundamental scopes for...
In daily timeframe, UC still in downtrend. but in 4H chart, UC was in uptrend, but now it retracing back.
Hope price will touch on daily support zone.
Use proper risk management.
Thank you
USDCAD smashes a convergence of 200-SMA and an ascending support line from July as the pair traders await Canada’s Q2 GDP details, up for publishing around 12:30 GMT. Given the RSI conditions having a meager room to the south before hitting the oversold signals, the latest fall may pause around the 1.2500 round figure, if not then a horizontal line stretched from...
USDCAD BUY
Strong Support due to upside Trendline
USDCAD BUY @ 1.2600
SL 1.2550
TP 1.2800
Use proper Money Management
Move SL to BE when trade running 30+ pips
USDCAD is forming a double top on the monthly timeframe. Currently in an uptrend on the daily timeframe. It may respect the uptrend channel. You can place a stop order for a swing trade at 2:1 RR. On the Gann, it is on the verge of breaking the 1/1 line to continue further in uptrend.
Hello everybody. This is my homework for a lesson in the Trading View 101 course on 8/25/2021.
It is a technical analysis about long term and short term in the monthly/daily, and their relationship to each other.
All analysis is described in monthly and daily graph, trying to understand the context of monthly to daily and see their relationships. This is an...
Risk appetite sours during early Wednesday, underpinning the US dollar’s safe-haven demand ahead of the key US Durable Goods Orders. The greenback rebound triggers the USDCAD pair’s U-turn from 20-DMA. Given the firmer RSI and sustained trading beyond 200-DMA, not to forget the latest bounce off the immediate moving average, the Loonie pair is up for further...
Message me to learn 1 to 1!
USDCAD 15M TF
USDCAD has had a huge sharp retracement and it may be time for it to reverse as it is showing signs of slowing down!
It is at great support and can give a nice up move from here!
We can see a great divergence as well!
If an upper break is seen entry can be taken with partial after re-test!
Keep SL of low of the triangle...
