USDCAD - BUY ENTRYThis is not a financial advise rather its an aid to point you to a possible direction.
Usd-cad
USDCAD SHORTHey traders, in today's trading session we are monitoring USDCAD for a long term selling opportunity around 1.28 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
USDCAD 4h timeframe buy at CMPUSDCAD buy at current market price targeting 1.29500 levels of fib retracement at 0.61. decent risk reward else we could look for a downside movement.
USDCAD Sell IdeaUSDCAD has had an impulse move to the upside on the back of the NFP data. It does seem like the momentum has started to slow down as the price has approached the 1.2750 zone. The RSI levels on the 30m and 1HR time frame show oversold levels as well which adds to our in-house short-term view. The target of this trade is located near the 1.27 level with the stop just above the recent high of 1.285 to mitigate losses.
USDCAD 2. elliot wave triangle patternUSDCAD is in 2. elliot wave triangle.going to D wave in ABCDE triangle's up line.YTD Follow for more ;)
Bearish Setup on USD/CADUSD/CAD has been on a very tight bearish trend since she broke below the 1.2675-60 support zone, and with Tuesday's bearish rejection, which successfully push the price back to retesting the diagonal resistance area at 1.2675, which stood as the Quasi-support zone for the buyers, before its defeat, the sellers could ultimately turn it to decisive support in other to further their downward trend.
Provide, the sellers successfully drag the price downwardly, the next bearish mark would be 1.2560 January support zone, before any further downward movement would be ascertained.
Looking out for a short position below 1.2630 and take profit at 1.2565.
USDCAD, H4 Wednesday’s interest rate decision only constituted a statement, and no new economic forecasts. Market participants will eagerly await Bank of Canada Governor Tiff Macklem’s press conference on Thursday, where he will take questions on the state of the Canadian recovery. At his January press conference, Macklem indicated that higher borrowing costs were “imminent” as the economy had reached full capacity.
USDCAD SHORTHey traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1,266 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
Today’s Notable Sentiment ShiftsAUD – The Australian dollar hit a one-year high against the euro on Wednesday as investors were attracted by Australia’s status as a net energy exporter and distance form Europe’s troubles.
Explaining Australia’s improving outlook, RBC Capital Markets notes that “a strong household balance sheet with scope for consumption to move back to its pre-COVID path, backlog of dwelling activity, and recovering confidence underpins our expectation for a strong 2022 and above trend growth.”
CAD – The Canadian dollar rose across the board as the Bank of Canada hiked interest rates for the first time since October 2018 despite recent financial market volatility due to the crisis in Ukraine.
Indeed, Convera Canada ULC noted that “there was a good deal of uncertainty as to how they would respond to the geopolitical events and they stuck to their knitting pretty firmly.” Adding that the BoC’s concern about inflation pressures did a lot “to cement expectations for future interest rate hikes.”
USDCAD ShortHey traders, in this week we are monitoring USDCAD for a selling opportunity around 1.271 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
USDCAD Long IdeaUSDCAD has just approached a key support level in which it has seen positive price action before. The RSI levels on the 4hr and 2hr time frame show oversold levels which indicate that there is room for the price to rise from this area. The target of this trade is located near the 1.274 area with the stop-loss just below the 1.260 zone.
USDCAD Inside ChannelIf usdcad is able to stay inside the channel, it is good time to wait a retest of the respected support line.
Then we can get our shot on going long to the next resistance indicated on the chart!
What is your analysis on here?
USDCAD SHORT FOR 2 WEEKS (New strategy)I've been working on a new technique for few months now and made profit like never before. The goal is to take profit and re-enter in the same trade many times to secure more profits. I will keep you updated, let me know if you are in this trade with me!
usdcad H4 Potential Bounce | 28th Feb 2022On the H4, with price moving above the ichimoku cloud , we can expect bullish continuation from our entry at 1.27846 in line with 100% Fibonacci retracement towards our take profit at 1.28764 which is in line with 23.6% Fibonacci retracement . Alternatively, price may break entry structure and head for stop loss, which coincides with the horizontal swing low support at 1.27001.
USD/CAD LONGPrice Is In A Strong Channel Approaching A Strong Support.
Price Broke Back Through Our Resistance To Continue In The Channel.
Fib Levels Being Respected On Daily Timeframe.
Potential Double Bottom Forming.
** I will be waiting for a double bottom reversal pattern around the 1.26833 if this does not succeed I will then look to enter around 1.26657 given the right candlestick patterns form.**
USDCAD LONG UPDATEPosted this on my page yesterday. Broke past our confirmation line and hit a high of 90 PIPS profit today📈 Still possible to get in now again.
All of my socials are listed on my TradingView profile. Feel free to follow my TradingView in order to keep up to date with all the latest analysis. Drop a like if you agree with this chart analysis or let me know what you think!
USDCAD Week of 2/21 OutlookExpecting a new bearish leg during next week in USDCAD. The risk reward can be much greater if you catch the shift in orderflow on the lower timeframes, the entry shown is not a position I have taken.
As always the market can choose to shift bullish for fundamental reasons, but my technical bias is short for next week.
Will USOIL hit 100$ again?Hey traders, we are monitoring USOIL for a buying opportunity around 90 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
USDCAD Potential for bearish reversal | 23 Feb 2022On the H4 timeframe, We see the possibility of bearish continuation from our sell entry at 1.27834 in line with horizontal swing high resistance towards our take profit at 1.26643 in line with the 100% Fibonacci extension level. Alternatively, price may hit our stop loss at 1.28141 in line with 127.2% Fibonacci extension.
Bearish outlook on USDCAD: 22 Feb 2022On the H2 time frame, prices tapped into a resistance area at 1.27735, in line with the graphical resistance area and 100% Fibonacci extension. This presents an opportunity to play the drop to the next support target at 1.26504, in line with the fibonacci confluence level and graphical support. Stochastic is reaching our resistance as well where we could see a reversal below this level
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USDCAD: Technical Outlook & Price Action 🇺🇸🇨🇦
Daily time frame analysis on USDCAD.
Trend analysis & directional bias.
Structure analysis & price action.
Trading recommendations & thoughts.
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