USDCAD LONGIF PRICE TESTS S2 LEVEL, IT WILL RALLY. SO GO LONG AND PLACE YOUR SL BELOW S2 AND PROFIT TARGET AT S1 LEVEL OF PP LEVEL.
USDCAD trade ideas
USDCAD good long candidate.USDCAD SPOT CMP 1.27595
Falling wedge pattern,, either wait for retest of previous low for double bottom formation,,
or wait for current wedge pattern breakout,, trade accordingly
Good long candidate,,,,
USDCAD good long candidate.USDCAD CMP 1.27779
Elliot wave study.
Currency is on verge to complete its impulse phase,, wave 5 of impulse phase is on verge to complete,, if corrective phase A-B-C unfolds.. good rally can be seen ,,
Double bottom formation around 1.26800 levels or support from mid line of falling channel can be seen, from where good reversal is possible..
Will wait for reversal confirmation and go long accordingly..
Good long candidate....
💡 Don't miss the great buy opportunity in USDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.2815). 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 41.
Take Profits:
TP1= @ 1.2880
TP2= @ 1.2930
TP3= @ 1.3000
SL= Break below S2
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USDCAD Bulish view #forexTradersUSDCAD looking good on chart now and i bought 1.28417 @ cmp with SL 1.28150 for 1.29000,1.29200.
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
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
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Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
