USD/CAD likely to move up ahead CPI!Hey tradomaniacs,
USD/CAD is re-testing a strong support-zone showing that buyers (sellers in Futures CAD/USD) are imcoming to support the trend.
Technically we have a great chance here to follow the trend with a tighter stop-loss.
Overall risky to trade ahead the CPI-Data as inflation is the only thing the market cares about in order to predict rate-hikes by the FED.
Choppy market.. but good chance here I guess.
What do you think?
Usdcadanalysis
USDCAD: is a Wyckoff distribution schematic on?Hi Traders,
This is my view for this week on USDCAD:
I'll be long on a Intraday perspective. I'll wait for the price to reach 1.36 area. After that let's see what will happen but, probably, 1.40 will be a key area for a reversal.
I remind you that this is only a forecast based on what current data are.
I really hope you liked this content and I would like to know what do you think about this analysis, so please use the comment section below to give me your point of view.
Pit
DISCLAIMER:
Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice.
———————————
DeGRAM | USDCAD at strong supportUSDCAD moving in the ascending channel .
The market formed a consolidation zone at the support level .
Price broke and closed above the psychological level of 1.3700.
We expect retest of the resistance level .
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
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.
💰SELL USDCAD at the best price 🧨🔥🔰You can see the analysis of the US dollar to Canadian dollar currency pair in the 30-minute time frame (USDCAD_ 30min) 🔍🧨🧨
💥There is a possibility of price movement in a Bearish parallel channel🖤, in which case if the price can reach the SUPPLY zone due to the overlap and intersection of the SUPPLY zone and 78.60% Fibonacci retracement💜 (from points A to B) and the upper line of the Bearish parallel channel🖤 (Resistance dynamic), there is a possibility of a price drop from the mentioned area to the DEMAND1 zone🔻🧐
Do you think this analysis can be profitable❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
______📈TRADER STREET📉______
DeGRAM | USDCAD opportunity for shortUSDCAD is trading in the descending channel.
The market is heading to confluence zone where there are resistance and trendline.
The price action has bounced off the trendline several times before.
If the resistance level rejects the price, then we can look for selling opportunities.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
USDCAD setting up for a nice sellUSDCAD sentiment has been bearish throughout the entire NY session, we do have some liquidity siting below today's low, we have people who just bought and have their stops below the low, and some possible sell stops which would push the market further to the downside.
Nice retracement going on in the Asia session, looking for the downward momentum to continue, need to see a rejection in the H4 GAP / previous structure break
USD/CAD Made Double Top, Still Not Confirmed ,When We Can Sell ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
USDCAD sell the breakdown!!USDCAD 4h has formed a strong reversal pattern on the lower timeframe and the price currently breaking out of the previous support zone. As the market is over-extended, it is highly likely that USDCAD will reverse from this zone to test long-term monthly resistance turning support. Before, reversal, we could see a long spike to the upside and, upon rejection, a sell trade is highly probable!
Press the like button if you enjoy this content!!