USDCAD trade ideas
Don't miss the great sell opportunity in USDCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.3255). 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 26.
Take Profits:
TP1= @ 1.3190
TP2= @ 1.3113
TP3= @ 1.3018
SL: Break Above R2
USD CAD PENERUSAN KENAIKAN DIDALAM GARISAN CHANNEL price dalam uptrend dan sentiasa membuat HH dam HL yang baru..berlaku retracement minggu lepas tetapi price tidak berjaya membuat LL yg baru
USDCAD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.3125.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.3175.
TP4: R2=1.3205.
Set the stoploss of these orders at breakout of S2=1.311.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.311.
In this situation, there is an expectation to reach the target S3=1.304.
Set the stoploss of reverse orders at breakout of S1=1.3125.
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Support and Resistance in USDCADWe can see support and resistance lines in different periods in the USDCAD pair.
Wedge Down on USDCADAs seen on the graph, the price of the pair USDCAD is creating a Down Wedge pattern. We recommend placing a long position.
Descending Triangle in USDCADFor the USDCAD, it is visible how the price is following a descending triangle strategy. We are recommending a short position on the stock after the price crosses the horizontal line.
USDCAD BUY CAD Is weak in all currency pairs while USDCAD pair is heavily buy by Big Boys.
Charts showing strength and good Risk Reward Ratio So Buy is Best Strategy
usdcad weekly analysisif support brakes then further more goes down.if not then a bounce from this support
