USDCAD DOUBLE CHANCEThe market is going towards a downtrend looks like sell entry from that current position but a little breakout might turn it to an uptrend. If the trend line and resistant line is broken then look for a better buy entry.
Forex-usdcad
#USDCAD approaching pivot, potential for a drop! Description
On the H4, with price moving below the ichimoku indicator and respecting the current descending trendline, we have a bearish bias that price is doing a trendline breakout pullback and will drop from our pivot at 1.27688 which is in line with horizontal overlap resistance, 38.2% Fibonacci retracement level to 1st support at 1.26187, which is in line with horizontal swing low support. Alternatively, price may rise up to our 1st resistance at 1.28310, which coincides with horizontal swing high resistance, 61.8% Fibonacci retracement level .
Pivot:
1.27688
Why we like it:
horizontal overlap resistance, 38.2% Fibonacci retracement level
1st Support:
1.26187
Why we like it:
horizontal swing low support
1st Resistance:
1.28310
Why we like it:
horizontal swing high resistance, 61.8% Fibonacci retracement level
Trading FX & CFDs carries high risk.
DeGRAM | USDCAD short setupThe price has come close to the resistance line, from where a small correction is needed without breaking the uptrend, that is, a return to the trend line. The price has already started its correction from these levels and will continue in the near future.
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ictHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
ICTHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
ICTUsdCad with high news impact BOC Rate Statement plus Overnight Rate and Crude Oil Inventories i think it will go downside but stand a head of of news central bank can do what if they can do because it is their commodity
USDCAD Short Scalp4 hour and 1 day frames overbought for some mean reversion. Watch for a break of higher level for a good price.
usdcadA pattern of 3 drives is forming and above the Daily Trend line and there is good resistance for the price to fall to the specified area.
Elliott Wave Analysis: USDCAD Has An Unfinished Five-Wave DropHello traders!
USDCAD came nicely down on the 4-hour chart with extended and strong drop from 1.2774, which has characteristics of wave 3 rather than C as the pair also moves very close to the typical 161.8% extension level. As such, we are aware of more weakness after the current consolidation that looks like wave 4, which can be a triangle or maybe more complex recovery to 1.2450 - 1.2500 for 38,2% Fibo. retracement, but in either case, we think that sooner or later bears for wave 5 will resume towards 1.22 - 1.21 area.
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
USD/CAD predicition for the monday (daytrading)Hello traders,
USD/CAD, an interesting pair to put on the watchlist for the monday-morning with some coffee.
While coffee might be the best part in the morning, the USD CAD pair is also looking juicy.
We had an impulsive move down, followed by slow corrective movement and currently testing some levels like expected.
Doesnt mean we can allready enter because as you know by now we always look for confirmations to be as sure as possible on the trade.
Expecting that the USDCAD will make the next move down after we broke structure down and will retest this structure.
Keeping you updated on this one!
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USD/CAD long on the Friday! DaytradingDear traders,
Follow me to get updates because daytrading moves faster than normal.
We have been watching usdcad very closely, and expect the next move up before the weekend starts.
After an impulsive move up, we came down slowly but surely completing 3-waves retracement.
Why not enter now? We still have a double resistance, 1 is a counter-trendline, the other is the structure level.
So after the break of both, we will put our entry on the retest of structure which will be around the orange area.
Have a good weekend and don’t forget to follow!
Low probability high reward LONGThe dollar has been drowning. Might be time for it to catch it's breath.
USD/CAD - 21/10/2021(H4) - USD/CAD broken out of support but failed to close bearish. Strong wick rejections showing bullish presence, if we break back above support of 1.23202 then we could see continued bullish pressure back up to 1.23465
(M15) - Will be looking for price to break back above 1.23254 too look for buys up to 1.23465, just a waiting game now.
USDCAD May Drop Lower! Short 🔻
USDCAD is trading in a strong bearish trend.
Now we see a local correctional move.
It looks like soon bears will push further.
Be prepared to sell!
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Long on USD/CAD Price currently in demand zone, and Risk/Reward looks decent. Could potentially be a head and shoulders on the daily which would indicate a trend reversal but looking at the high I'm going to say price will bounce off of support and continue back to the supply zone!!!!!
Buy Signal on USDCADPrice is currently, showing a lot of bullish strength around 1.2578 area, if we have a break above the previous resistance at 1.2624 then surely, price is going to head to the supply at 1.2775 which is an area where sellers are likely to come back in to the market.
USDCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USD/CAD Sells!Just entered into my USD/CAD short position. Entered at the level we analysed from this mornings watchlist which I shared on here too (link will be attached below)
USD/CAD – Week 38 – Expecting another bullish wave.In our previous forecast, we correctly anticipated the price to start a corrective B wave.
In the coming days, we expect the price to make a small pullback and continue towards the $1.28 level.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
BUY LIMIT USDCAD ON 1.2600 TP: 1.2727 SL 1.2550 BUY LIMIT USDCAD ON 1.2600
TP: 1.2727 SL 1.2550
#forex #usdcad
