USDCAD Swing TradeMajor Daily Trend is bearish.. The pair may retrace and continue further down..
We expect the pair hit the target this week...
Happy Trading.. MM 1st.. Good Luck.
Send us comments...
Usdcad4hr
USDCAD H4 !!We take short position at the opening of the market.
ENTRY: 1.30200
TP: 1.29700
SL:1.31500
Pay attention on USDCAD 4HHere's my long setup on this pair. To keep it simple, I'll buy if price closes above the red and the blue line.
Bear move on UCADtoo lazy to explain why i'm selling but i'm selling. Higher time frame says it all. nice RR on this one.
USDCAD - CYPHER PATTERN in Perception & Bullish teacup + RSI OBThat's the way I see things , Geometry helps me to define some idea to create a Cypher pattern. Also a bullish teacup is in perception as well combined with a Overbought RSI . We will see what it looks later. Thank you for your support.
USDCAD R Favors longs targeting 1.35Morning traders,
Buying has begun like clockwork this morning. With the outlook of near-term USD strength and the risk of a setback in oil prices, we still risks skewed towards a higher usd/cad over the coming months.
Aim for 1.35 in the month ahead, wishing you all a great holiday ahead.
Please like and comment your ideas!
USDCAD LONG: Back at pre-election levelsUSDCAD is at pre-election lows.
USD has appreciated against most other major currencies - except CAD.
This needs to be corrected.
There is much uncertainty regarding trade agreements between Canada and USA post-Trump.
There is an increasing yield differential between US and Canadian rates.
USDCAD is an attractive buy at these levels.
USDCADCurrently this pair just started a down trend confirmation with 200 EMA on both 1hr and 4hr charts.. we are looking for a retracement to the 1.32103 area and then for this to continue on its down path.
USDCAD trendline broke now waiting to break the symetric triangeI am waiting to break the symetric triangel and putting a sell there !
the trendline is broke so is heading to a downtrend !
it will be a good 120 pips on this trade but trade with care !
Bigger Bat formation on USDCADHi traders,
this analysis require little explanation: we are approaching a level that has been rejected other times in the recent past. The Bat formation completes right at that level, boosting our confidence in this trade opportunity.
If you have questions, please do underneath.
Otherwise, see you in the next chart!
USDCAD to raise 125 pipsCAD is showing signs of strength, but they are all pumped up by the elections in the US. Its just a matter of time until it will start to go back up. Which colour do you think is more plausible?
USDCAD doesn't know where to goHi traders,
this is a kind of an update of my previous USDCAD post.
Now the situation is a little bit different but my overall analysis remain the same. Recently we broke to the upside a strong level of resistance (black line); as soon as the price come back to retest that level it turned to support; nevertheless price didn't make any higher close and so we can consider this as a little consolidation zone.
The daily vision though remain bullish (and with a possible long run ahead) and we can consider this blue zone as a good level to find bullish opportunities with a good risk to reward.
So we are now looking for some buying signals in 4hr and 1hr chart as double bottom or engulfing candles.
Let's see what happens.
If you want to share your vision, please comment.
Otherwise, see you in the next chart.
Sell USDCAD It seems that USDCAD is in a triangle formation at the moment. Soon to hit support = sell now. After that it might rise again to hit resistance. I think it will rise to hit resistance and maybe break. This is because of the steeper higher lows, than lower highs. For me it looks like the triangle is more bullish overall than bearish. But for now I see a bearish moment until support is hit, after that, it might shift to more bullish moment.
Would love to hear what you guys think about this idea. I will be following it, when markets open again.
Trend continuation trade on USDCADHi guys,
here we have a setup similar to the EURJPY's one.
The last movement broked a daily level (black line) and now we are retesting the resistance zone that could become support.
I've outlined a reversal zone in which i'm going to look for long opportunities.
The potential target could go all way to the 1,3550 level.
Let's see if price gives us a reason for entry.
Good luck!
(USDCAD) - 4hrs - SpeculationShorting USDCAD 0.48% based on :
1) RSI Divergence in 4hrs
2) Top of the channel
3) 4hr trendline broken and retested
USDCAD Gartley Pattern CompleteWill the retracement for the target transpire in this market? I'm not sure but if you can handle the risk, Why not strive for the reward? Good Luck!
MY FIRST TIME GUYS, USDCAD, TELL ME HOW DOES IT LOOKSELL AT 1.31800 , ELLIOT WAVE , WE ARE NOW LOOKING AT A RETRACEMENT WHICH IS GOOD TO SELL AT AND ALSOBROKE THE RESISTANCE 1.31692 AND WENT BACK AT IT AGAIN NOW WE HAVE 1.31221 AS THE SUPPORT WHICH WE CAN MAKE OUR STOP PROFIT. I AM NOT GOOD WITH EXPLANATIONS.LOL. S I SAID, THIS IS MY FIRST ANALYSIS EVER, LIKE EVER!
ON A 4HR CHART, I SEE A GARTLEY PATTERN THERE BUT I STILL BELIEVE WE MUST SELL AT 1.31221 FOR 4HR CHART...HELP ME
