usdcad scalpthere is a good demand zone south the price and I think it would make the price react to it
Usdcadanalysis
USDCAD Analysis 23July2023the D1 trendline as a strong support area is still untouched and the price looks bullishly corrected.
the possibility that what will happen is the price approaches the SR Flip area and falls back to the trendline support area and then continues its bullish trend.
USDCAD: Technical Profits Await (SELL)On Weekly Bearish, market has been bearish. And this sets the bias we will be looking for which is the sell side.
On the daily chart, Price has just broken a level that has been tested multiple times in the past.
The 4hours is a little bit more interesting because we might see being rejected by: Support now turned resistance, Trend line that has held for a very longtime and the MA. which is a perfect confluence . It's all about probability
This is a good probability setup
USDCAD: stuck in a narrow range!Earlier today, the Japanese Government released updated forecasts, revealing that consumer inflation is expected to reach 2.6% in the current fiscal year. This is an increase from the previous forecast of 1.7% in January, and it surpasses the Bank of Japan's target of 2%. Additionally, the Government revised the economic growth forecast for the current year to 1.3%, down from the initial projection of 1.5% in January. It is anticipated that inflation will fall below the Bank of Japan's target range in 2024, with a forecasted rate of 1.9%.
USDCAD - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here we are in a bearish market structure from 1H timeframe perspective, so I am looking for short. I want price to go a little bit higher to take liquidity above equal highs and to fill the imbalance, then to reject for a short position.
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USDCAD ABCD PatternUSDCAD completed ABCD pattern and now we can see the retracement from point D.
Manage your risk according to your account size.
USDCAD Analysis H1Here is my analysis for USDCAD on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
USDCAD Aanalysis UpdateAfter parallel channel breakout nor USDCAD is at strong support zone that tested multiple time, hopefully we can see upside rally from this point.
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USDCAD: Today!The USD/CAD exchange rate is uncertain around the 1.3170-80 level early on Wednesday morning in Europe. Although the downtrend has paused for now, traders are still looking for more evidence to support buying the Canadian dollar against its US counterpart, especially after a slow Asian session.
On one hand, Canada's inflation numbers were disappointing, while the US Retail Sales data and a decline in WTI Crude Oil prices (Canada's main export) may attract buyers of the USD/CAD pair. On the other hand, positive market sentiment and concerns about the Federal Reserve's dovish stance are likely pushing the exchange rate higher.
USDCAD Channel Breakout TradeUSDCAD moving in parallel channel waiting for breakout to trade.
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USDCAD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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: Potential swing trade shortWe outlined a bearish bias in a previous USD/CAD article which clearly did not play out, thanks to hawkish comments from Fed members, hawkish FOMC minutes and stronger economic data for the US. However, a strong Canadian employment report on Friday has now seen odds shift in favour of a 25bp BOC hike this week – and if that is to be coupled with a soft(er) than expected US inflation report, perhaps we’ll finally see that swing trade short play out after all.
A 3-wave rally has stalled at the 50% retracement level and 50-day EMA to suggest a swing high is in place. We’ve seen a minor attempt to retrace within Friday’s range during Asian trade (and a higher retracement would be welcomed to help improve the potential reward to risk ratio).
Assuming momentum has realigned with the bearish daily trend, a move towards (and break beneath) the June low on its way to 1.3000 is now in focus.
DeGRAM | USDCAD divergence at the strong supportUSDCAD decelerated while approaching support, then bounced off it following the divergence.
Price bounced off the psychological level of 1.31000. If you look left, the last time the price dropped from the resistance, it pulled back after the divergence.
We anticipate the same price action and a retest of the resistance.
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USDCAD SELLSVery much still in a down trend and has pulled back and rejected to around the 50% fib level, now waiting for break below previous level and signs of continuation on the 15m to look for sells
USDCAD SHORT - CONFIRMATION SOON!Waiting for a retest of 1.32050 or 1.32773 to short USDCAD back to 4H swing lows at 1.30927
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USDCAD | Might get a strong pull back.Friends, please support this idea with a BOOST if you find it useful.
Might get a strong pullback even if it is uptrend in higher time frames.
Reason:
- The price is now trading near a strong resistance area .
- Weaker support to the downside.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
USDCAD FX:USDCAD
What Next For Usdcad In The 3rd Week Of July?
Weekly Bias:
To understand and know what the weekly bias is or will be, one has to take into considerations all the previous and current price action activities within our current price range.
Bullish Supporting Sentiments:
Major Range= Bullish
Price At Discount level
Price At Bullish OB
Week Candle Close: Shows Bullish Reaction at OB
Price Movements: Price has been respecting the bullish range order blocks mid-threshod for two years now.
Liquidity Draw:
FVG Above Current Price
3 Old Highs
2 Equal Highs
Bearish Bias Supporting Sentiments:
Minor Range= Bearish
Reaction off bearish fvg
Liquidity Draw= Old Lows
Possible liquidity grab below old lows to take out sellside liquidity before continuing the bullish move.
Summary:
Price has more reason to be bullish in the 3rd week of July and comings weeks than bearish.
There are two main reason price might be bearish in coming weeks, which are either for a sellside liquidity grab or complete reversal of the trend.
However, I will be favouring buys for now till there is a complete shift in market structure.
What do you see on your charts?
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USDCAD Analysis H1Here is my analysis for USDCAD on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
USDCAD SHORT TERM TRADEUSDCAD after BOC statment has dropped down which propbebly will retrace to fill the gaps and imnalnces befor it goes down again waiting for a good RR entery and getting the confirmation from my other order flow tools
USDCAD 4H Analysis Potential for SellingUSDCAD CHART ANALYSIS POSTED ON SUNDAY 09 JULY 2023
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DeGRAM | USDCAD at strong supportUSDCAD is currently trading in an ascending channel.
The market broke and closed above the consolidation zone.
Price pulled back to the kill zone: support at 1.32500 and 50% fibo retreatment.
We anticipate a retest of the major resistance.
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usdcad Buys This is definitely a bullish set up as this pair is still in an uptrend and has rejected from the lower key level, and once a HH close is in play on a 30m on 1h I may look for buys. Although USD is very weak on the other currencies, so In order to confirm I may wait until the NY open.
Usdcad Ready For a Bullish RunMy usdcad bullish view
FOREXCOM:USDCAD
Weekly: Usdcad is bouncing off weekly order block with old high above serving as a draw on liquidity.
4HR: Price took out sellside liquidity and created a shift in market structure leaving behind a clear order block and fair value gap.
Above price, we have multiple buyside liquidity and fair value gap which serve as a draw on liquidity for price.
I expect price to fill the fair value gaps above and take out the buyside liquidity.
Entry: I will set my buy limit order at around 1.31662 ote level.
Stop loss: My stop loss will be place around 1.31128 zone below the swing low.
Take profits: My final take profits will be at 1.36516.
But I will take partials along the way as price take out each of those swing highs on the way.
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