USDCAD trade ideas
USDCADUpside Trend {Down Trend Break}
TG1 = 1.28166
TG2 = 1.28516
TG3 = 1.28855
TG4 = 1.29334
STL = 1.27400
For DownTRend
TG1 = 1.27251
USDCADCurrent Trend(Downside)
TG1= 1.27720
TG2 = 1.7086
TG3 = 1.26202
STL=1.28360
For Upside Trend(If Trend Line Breaks)
TG1 = 1.28360
TG2 = 1.28871
TG3 = 1.29223
STL = 1.27086
USDCAD in the downtrend.USDCAD in the downtrend.
The recent increase in oil prices has driven the Canadian dollar to appreciate.
With the continuous news about the development of the new coronavirus vaccine, the global market has obvious risk on, so oil prices have the opportunity to continue to rise.
So the Canadian dollar has the opportunity to continue to appreciate in the future.
By technical analysis, it is recommended to go short in batches when the USDCAD price bounces to the resistance.
USD CAD NEXT TARGETE IN WEEKLYUSD CAD NEXT TARGET IN WEEKLY. ANY ONE NEED NEXT MOVE AND TARGET IN ANY SCRIPT LET ME KNOW IN TH COMMEN SECTION
USD/CAD is now FLAT! Wait for the breakoutGreetings Traders,
The previous movement of the price shows resistance and support movements.
It is showing a fake buying signal because the movement is flat.
The cloud has resistance previously but now it is showing a future support level.
usd jpy reason in one hour the trend is down but it has a major tline and a minor t line it breaked the minor to reach the major and i hava a big white candle which is a continueation sign
usdcadusdcad is currently selling and will continue to sell long term, monthly candle is bearish and continuing daily trend and it will go to support line
💡Don't miss the great buy opportunity in USDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.303). 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 61.
Take Profits:
TP1= @ 1.3095
TP2= @ 1.3148
TP3= @ 1.3200
TP4= @ 1.3280
TP5= @ 1.3370
SL= Break below S2
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USDCAD - 15M - DOWN - NOV9 - 10.00 PM Trend is full strong for sell down ..
The caldlestick conformation...
USDCAD : Bullish ReversalAs provided in the last idea , USDCAD was in a formation of ending diagonal which has completed in today's session. Right from there we have seen an impulsive move in upward direction. This impulsive move is providing a signal that the ending diagonal & so correction of USDCAD has been completed. Expecting the pair to extend its third wave & give a closing above 1.33400 level. As per the guidelines an aggressive trader should buy here & the conservative trader can wait for the level of 1.32400 to be hold for the target of the origin of the diagonal & above that level.
Please see the attached link for the previous idea.
Thanks
Trading Signal For USDCADTrading Signal:
There is a Trading Signal to Sell in USDCAD Currency Pair.
Traders can open their Sell Trades NOW
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USDCAD BUYEUR🆚USD (Buy)
💹Open Price : 1.16407
✅Take Profit : 1.17138
❎Stop Loss : 1.15919
Follow proper risk management, always take 2%risk of your capital..
BULL FLAG - LONGPrice is likely to form a bull flag and looking for long position.
Waiting for some more confluence factors and my checklist to be met to enter the trade.
This is the probable.
The possible is that price can form a bear flag and continue to for short.
Either way the marke will forsure give me a message to which way it wants to go and will look to enter the trade accordingly.
