Get started

Forex-usdcad

UC Ready For Another Strong Bearish Move?USDCAD is still struggling to break the support zone at 1.315 - 1.316. However, looking at the 1H chart we see multiple indications of a downtrend. 1. Price got rejected of Fibonacci R2 level and have seen a downward move since 2. After rejection, price came back below R1 and then crossed back to the upside but failed to stay above forming a Lower High 2. Price did not complete a lower low, however, did see the closing price lower than since we broke above the support level 3. 5 EMA and 10 EMA have crossed the 21 EMA 4. 5, 10, 21 EMA are all below the 50 SMA 5. Price is well below the 50 SMA 6. We closed the week just below the 100 SMA on the 1H time frame (SMA is in the middle of the candles body at the moment). 7. 200 SMA in a neutral position with no slope after a slope downward indicating price may be consolidating for a strong bearish move 7. MACD has crossed to the downside with a weak move on the upside prior to the crossover If you see others indications for the bearish move or if you see reasons for this pair making a bullish move, please comment below. I'd love to hear your feedback. Happy trading.
Short
by TheCaffeinatedTrader
The USDCAD Breaking Out Above 1.3000Last post: March sixth. See chart . Review: Price had broken through the daily 200sma but was faced with resistance at 1.3000. Update: Price did a pop and drop above 1.3000, pulled back to the daily 200sma and since April, price has been bullish and has now broken March resistance. Conclusion: Applying patience and waiting for the right opportunity to enter long trades with is also dependent on the DX!1 . Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
Long
by Sublime_Trading
USDCAD passed the SMA100 - shortUSDCAD entered shot-term downtrend which is part of medium-term downtrend. I really like to play that kind of situations, because I know, that I have bigger chance of winning at that trade and even if I made wrong decision at shor-term trend analysis, I sometimes would be able to exit position with profit. I guess we are somewhere at the 1/3 of short-term downtrend inside of channel, and the chart just passed SMA50 and SMA100 which is good news for us. I'm not fan of technical analysis, but guys that use it at trading could see HnS formation which, as far as I know, means trend reversal. If I should guess, I would tell that our price on monday will go little up - maybe somewhere near SMA50 or SMA100, and then continue short-term downtrend to finally reach bottom of channel. Of course situation in Syria create a need to watch all pairs with USD closely and briefly react and adapt to new circumstances.
Short
by untechnical
USD/CAD (31/1/18) *Expect the unexpectedNow everyone know that USD is weak and we have FOMC in a while. The longer trend is DOWN for this pair, but it is good to expect the unexpected. We might have 1.238 region as a minor retracement. Trade Safe s0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Sonicr Mastery dot com is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
by SonicDeejay
1