Trade ideas
Don't miss the great sell opportunity in USDCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.3555). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
Take Profits:
TP1= @ 1.3480
TP2= @ 1.3425
TP3= @ 1.3380
SL: Break Above R2
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FULL ANALYSIS OF USDCAD!!!!Okay, so what kind of situation do we have here in this pair...
Today USDCAD got support around at 1.37500 area. Now, prices might test 1.39000 levels before continuation to the downtrend ( As the region is broken).
But it's not the right time to enter short as we have to see the market reaction at 1.39000 levels. If prices get a rejection from there then we will be taking a good short from there!!!
At this time, we can take a long to 1.39000 target approx.
If not taking long then wait and keep this pair on your watchlist!!!
FOLLOW ME FOR MORE!!!!!
Don't miss the great sell opportunity in USDCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.3825). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 30.
Take Profits:
TP1= @ 1.3755
TP2= @ 1.3710
TP3= @ 1.3660
SL: Break Above R2
Descending Triangle Pattern on USDCADThere is a breakout below on USDCAD which was in Descending Triangle Formation , Sure shot Sell
Don't miss the great buy opportunity in USDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.396). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
Take Profits:
TP1= @ 1.4015
TP2= @ 1.4045
TP3= @ 1.4115
SL= Break below S2
cup and handle formation according to my analysis usd cad had formed an cup and handle pattern and the handle is about break . 50 ema is already broken and mad is showing and end to bearish momentum .volumes are basically low . so according to me usd cad is about to break in to new highs . i am a beginner in trading dont follow my analysis . if you think this is a good setup please give me a like
USDCAD UC is travelling within in the given channel trends, and retest and a chance of more going down. In case if it breaks above it tests the above trend line
Don't miss the great buy opportunity in USDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.40400). 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 57.
Take Profits:
TP1= @ 1.4115
TP2= @ 1.4170
TP3= @ 1.4200
SL= Break below S2
USD CAD DEMAND ZONE LONGUSDCAD IN DEMAND ZONE FOR BUY. LEVELS ARE IN THE CHART. NO INDICATORS ARE USED. PURE PRICE ACTION.
Don't miss the great sell opportunity in USDCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.4035). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 31.
Take Profits:
TP1= @ 1.3950
TP2= @ 1.3915
TP3= @ 1.3860
SL: Break Above R2
SELL USDCADThere is a wedge pattern in daily chart of USDCAD, and indicating that it may test 1.3800 level again.
So, it's a great time to go short on USDCAD and TP - 1.3900 approx.
It have high chances to test this level
our analysis on latest price price is almost showing heavy bullishness , but we may see some bearishness at the spot , make sure dont jump and take an entry , enter after good confirmation
