USDCAD SellOn H1 chart the market of USDCAD has made fake breakout which is giving us strong selling pressure on it.
Usdcadbearish
USDCAD seems BearishThe market of USDCAD made fake breakout to descending trendline and now moving downside. I believe USDCAD will fall more. Better to look sell opportunity on it.
USDCAD seems BearishThe market has made Double Top on D1 chart which is enough to say that it is sign of bearish market.
USDCAD seems BearishUSDCAD is falling since last two weeks and I believe further downside movement on it. Better to look sell opportunity on it.
USDCAD seems BearishThe market of USDCAD is rejecting from the ascending trend line and also rejected from EMA 200 which is giving strong indication of downside fall.
USDCAD to continue bearishHey guys, back with another analysis. I just found a high probable setup on USDCAD. Please do like and comment and follow for more. :)
Daily, we can see it is respecting this bearish trend making LL and LH, I think it has made the LH and it should continue bearish from now. Also got a confluence from Fibonacci Retracement, it is at the golden zone of 61.8%.
H1, we can see it has made a head and shoulders pattern too giving more confluences for this trade. Break and retest of the neckline would be the best way to enter, I have entered aggresively.
Please you proper risk management if you will follow this trade.
Thanks. :)
Higher oil stronger CADUsdCad is expected to fall due to higher oil price. CanadianDollar strengthening.
USDCADBearish on the pair but always wait for a confirmation before entering a trade. This is an analysis and projection - not a signal.
USDCAD BEARISHThank you for supporting. If you like my ideas, please write in comment below.
Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
USDCAD fakeout play at 1.4151 level- Admittedly, I made a premature entry earlier this week as I expected price to hold below the 1.4151 level
- Current fakeout where price crossed above this level very briefly and then crossed below it is a good signal that we can expect further downside ahead
- Before making a short entry play, we'll need to eye the 1.4118 level as we could potentially see this pair enter a range
USDCAD : SHORT TRADE SETUPUSD/CAD stays above 1.4000 and the key question is whether it will continue the recent upside move. At this point, the nearest major resistance level is located at 1.4575 and 1.42300. This level has already been tested many times and has proved its strength.
We also note USD/CAD is struggling to continue above the recent highs formed towards the end of last week at 1.41500, therefore a pattern of lower highs may present itself on the chart which will be bearish for USD/CAD.
On the support side, USDCAD, may likely head towards the major demand level at 1.3850. which is where sellers may be considering taking profit.
From a big picture point of view, USD/CAD continues to trade in a wide range between 1.3850 and 1.4250, and the pair will need substantial catalysts to get out of this range.
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
USDCAD is prepraring to fill the gap ? Im watching usdcad for a nice oppurtunity to sell
1. if price break strong support 1.39860 & retest.
2. a better entry will be if price retest major bearish trendline d1/h4.
USDCAD H4 ShortUSDCAD broke below the marked support ares and retested with bearish strong rejection
Possible bearish price movement towards the next support 1.38200 and 1.34200 within the next period.
***Comment your thoughts down below!
USDCAD bracing for a major reversal off of weekly highsJust a few key points that I'm watching on the hourly timeframe:
USDCAD reached January, 2016 highs earlier today
Currently monitoring this wedge breakout for further selling pressure potential
We want to assess if resistance holds up at the latest level breach @ 1.4424
USDCAD - DAILY - MAJOR SHORT SETUPUsdcad - Daily - The time has come for a bearish reversal on this pair.. great R2R and setup..
USDCAD Sell Opportunity with +1800pip Short Target (Longterm)See the screenshot from monthly timeframe below. We are trading against a prominent inverted Head & Shoulders pattern which has clearly broken the neckline and completed a successful retest. Therefore, I have taken a small position of 0.25% capital risk and if price action permits, I will look to add this position at a later stage.
Monthly Outlook:
Caution - Inverted Head & Shoulders:
USDCAD : Appropriate time for SELL ?USDCAD price fell down from the upper line of the channel since last few days and it's struggling with the bottom line of the channel which is also the least price of USDCAD since April . It's strongly believed that if the price manage to break the support line (which is near 1.337) sharply , then we have right to enter to short position .
USDCAD - IS SHORT COMINGthis is getting close to a rapid drop coming our way. watch out.
see previous chart below
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