USDCAD is ready to go shortAfter several rejections at the 1.3436 level, we open our sell positions to look for the 1.3320 level.
The price failed to break through the resistance and the volume of buyers at this price level decreased significantly.
Usdcadanalysis
USDCAD possible short for 1.3290supply zone for short 1.3525-65, stop loss: 1.3585, target 1.3330 & 1.3290.
USDCAD a short term sell tradeUSDCAD a short term sell trade a short term sell trade for minimum 50+ pips
DeGRAM | USDCAD at strong resistance USDCAD moved out of the descending channel.
The market is consolidating, and the harmonic patterns work very well in the ranging markets.
Price is likely to continue consolidating.
We expect the downtrend to continue since the trend is bearish.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
USDCAD - UPSIDE OR DOWNSIDE?Waiting for a retest of 1.33990 to short USDCAD back to key support at 1.32251 or a break and retest of 1.3545 to long USDCAD to swing high target 1.38076
If you agree drop a like and if you have any questions leave a comment :)
The USDCAD could continue to rise as the DXY continues to rise!Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.30500 zone. When the trade is confirmed bullish, it will be executed.
USDCAD - Risky long ✅Hello traders!
‼️ This is my analysis on USDCAD.
Here I expect bullish price action from here as price rejected from bullish orderblock. My target is bullish orderblock around 1.35000.
Like, comment and subscribe to be in touch with my content!
DeGRAM | USDCAD sell after false breakUSDCAD moved out of the ascending channel and entered the descending channel .
The market is consolidating after breaking at the resistance level , which was previously support.
Price action is printing an equal measured move.
We expect the compilation of the CD leg.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
USD/CAD POSSIBLE DOWNSIDE UPTO 1.3280In short term USDCAD brakes the 1.3360 -- 1.3245 support zone, We can expect further downside to 1.3280 level today. Stay Bearish upto further confirmation.
USDCAD: BEARISH Market Analysis! Watching for CONTINUATIONHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the USDCAD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
Top Down Technical Analysis:
In higher time frame the market reached and interesting level, double topping and reversing, forming a potential head and shoulders.
The market then proceeded breaking the neckline and starting dropping down, confirming the beginning of the impulsive phase.
In lower time frame, since the half of November, the market has been consolidating creating a potential corrective structure, with a good possibility to continue its previous downtrend, targeting at least the bottom of the LTF structure.
When, where and why would we step into the market?
Considering the overall bearish momentum, we will be looking to short this market in the scenario it will breakout the structure to the downside, correcting for a further down move.
However, no trade is guaranteed and the market could proceed to the upside invalidating out trade setup, forming eventually a deeper structure or a reversal pattern.
If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias!
Sincerely,
Cybernetics Trading Lab
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.
usdchfshortIf we see the entry signal in this zone with the set loss limit, we will enter the matter of the degree of ascent, but keep in mind that this signal is used in the upper periods, so you must be patient enough, but if the goals are achieved, there will be a good profit.
USD/CAD likely to move UP!Hey tradomaniacs,
USD/CAD is finding support at the current trendline and support-zone.
Overall a great spot to look for longs with a nice risk-reward!
What do you think?
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD
USDCAD is now quite BUY. This is because OIL is slightly WEAK, CAD is WEAK and USD is slightly UP with RETAIL SALES being POSITIVE. Also, MARKETS RISK has been ON again due to this reason. But this time US CPI data was NEGATIVE. The FOMC OUTLOOK was also very NEUTRAL. So now USD is very WEAK. But now with US YEILD getting a good CORRECTION, USD is moving UP.
USDCAD MARKET is currently DOWN due to US DATA and UPDATES being NEGATIVE and MARKET SENTIMENT being RISK ON. We think it will go up to the 1.3810 level before going down again. Also, with this MARKET RISK ON SENTIMENT, the USDCAD PRICE can SELL to the 1.2800 LEVEL in the future.
In any case, there will be an opportunity to SELL USDCAD up to 1.2800 LEVEL. We wait until the DOWN TREND CONTINUES. MONDAY may be RISK ON again according to MARKET UPDATES. So follow the given STRUCTURE. It is seen that the OVERALL MARKET SENTIMENT has become POSITIVE.
usdcad short 4h If we see the entry signal in this zone with the set loss limit, we will enter the matter of the degree of ascent, but keep in mind that this signal is used in the upper periods, so you must be patient enough, but if the goals are achieved, there will be a good profit.
USDCAD Analysis Week 11/20-11/25 2022On USDCAD, I used a simple Top-down analysis of the Daily, 4H, and 1H time frames. On the daily we can see a start if a potential downtrend, but was met at a daily support level. On the 4H we can see price rejecting multiple times from this daily support. Thus, giving us a clear indication that buys are active in the market. We will look at our 1H time frame this week to find buying opportunities.
🟢 USDCAD - 4H (09.11.2022)🟢 USDCAD
TF: 4H
Side: Long
SL: $1.33873
Entry: $1.34289
TP 1: $1.34867
TP 2: $1.35481
TP 3: $1.35978
USD is gaining strength again so it's time to start buying it.
