Forex-usdcad
USDCAD near resistance lvl, againHello friends!
USDCAD should return to a key level of sales. The price broke the support line of the rising channel
Then we will sell when the price is at this level, next to a strong resistance line. Target - support level 1.319
Feel free to write your opinion about USDCAD in the comments.
Another chance to sell USDCADHello friends!
USDCAD broke through the bottom line of the rising channel and fell to support level 1.324. Now the price has returned to this line and to the resistance level of 1.33.
This is a good opportunity to enter short.
Target - Level 1.319
Share your vision of USDCAD in the comments and like if you agree with this idea.
Second chance to sell USDCADHello friend!
My forecast remained the same:
USDCAD was unable to break the support line and almost rose to the resistance level of 1.334
After a false break of the channel, I am looking for sales, but so far there has been no suitable signal.
But now the price is near the resistance line (at the H3 timeframe), near the channel resistance line and near the resistance level 1.334. combo and I like it.
Enter after sell signals/patterns with target of 1.324 (short term)
Share your vision of GBPUSD in the comments and like if you agree with this idea.
Good trade on USDCADHello my friends!
USDCAD was unable to break the support line and almost rose to the resistance level of 1.334
After a false break of the channel, I am looking for sales, but so far there has been no suitable signal.
But now the price is near the resistance line (at the H3 timeframe), near the channel resistance line and near the resistance level 1.334. combo and I like it.
Enter after sell signals/patterns with target of 1.324 (short term)
USD/CAD BUY OPPORTUNITY as we can see here on the USD/CAD chart that the market has been trending along the black trendline and has been testing and bouncing off it for many times. as we can see right now the market has attempted to test the upside but didn't have enough strength so it can back down and has now tested the black trendline, with no signs of the market breaking to lower areas, and is showing small tests happening by price and candles giving long wicks against the trendline. also, this is happening all around the 0.5 fib level which is usually an important point to watch for turn arounds. due to this type of situation, we will be placing a buy for the market to be moving into upside areas to create new higher highs and higher lows to accommodate and follow the trend.
USDCAD LONG SHORT position very soon !!Welcome to fxtrading services, we are specialised in the major forex pair. Potential short o long position for this asset if breaks our low of 1.31210 we could see a downside move to 1.30000 area. We will have more confirmation when US market will open. For the long position I would wait the break of the trend line with target around 1.32715 area.
Overall view of USDCAD - Update of June 24th weekThe support zone earlier tested multiple times was finally broken acknowledging the bearish trend. Prices are heading to settled on a new support zone containing the low of the year @1.30680.
Possible targets: @1.31000 (+80pips) and @1.30000 (+180 pips).
Advice: Stay bearish and sell at any high point while we don't reach back 1.33000 top level.