Nice kick-off for long term uptrend Price have clear uptrend and yesterday price provides nice kick-off for uptrend move. The market has clear space till 1.45279
USDCAD trade ideas
USDCAD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.3565.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.3695.
TP4: R2=1.376.
Set the stoploss of these orders at breakout of S2=1.352.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.352.
In this situation, there is an expectation to reach the target S3=1.3415.
Set the stoploss of reverse orders at breakout of S1=1.3565.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
waiting for breakout neutral don't do any move until breakout does, leave it to bankers and bigshots
Analysis of USDCADHello traders, hope you are having a pipfull week.
So here is our analysis on USDCAD.
As we can see that the pair is moving in the channel and consolidating
fo a period of time now, so its good to wait for the pair to break from the
channel. Its currently at the support zone and will fall a bit till the support of the
current channel.
it will be interesting to see if it breaks the support or no.
So we advice for you to wait for the next update.
Thank you.
Usd/cad Technical AnalysisIt has formed a higher high lower low pattern in the wedges. overall the trend is in up trend and if it breaks the neck line it may enter into a new longer down trend but most probably it will rebound from its small support.
USDCAD Short entry seems goodUCAD Short entry could be a good option in the long run as the corona virus fear strikes the market.
The stock markey has already fallen .....and this time forex could be the next target.
USDCAD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.327.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.331.
TP4: R2=1.333.
Set the stoploss of these orders at breakout of S2=1.326.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.326.
In this situation, there is an expectation to reach the target S3=1.3195.
Set the stoploss of reverse orders at breakout of S1=1.327.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
USD/CAD- SELLA Weekly resistance has been reached and the the Weekly Downtrend channel is meeting also in the point, so a very strong sell position been made in here. As per my analysis it is a sell for me, any suggestion on this is welcome.
RISING TOWARDS RESISTANCE ZONEUSDCAD:- PRICE ACTION RISING TOWARDS THE RESISTANCE ZONE ON D1 TIME FRAME. SELL@1.3305 SL@1.340 TP.290
USDCAD Intraday ForecastAs we forecast Yükseliş trend for this day, so Forecast City suggests buy (limit) above S1=1.3105.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.3155.
TP4: R2=1.318.
Set the stoploss of these orders at breakout of S2=1.3095.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.3095.
In this situation, there is an expectation to reach the target S3=1.303.
Set the stoploss of reverse orders at breakout of S1=1.3105.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
