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Usdcadbuy

USDCAD is in bullish correctionUSDCAD The recent downward rally is stalled at 1.31370 which is a acted as a recent support for the bullish But in longer picture overall trend is remain bearish with the target of 1.28000 in a longer run 1.3277 is a near-term resistance to the bull which is a 23.6% Fibonacci retracement level And above that 1.33610 is a 38.2% Fibonacci retracement level is another key level to watch. At this level we may expect a 200 Exponential moving average resistance too. For swing traders the expected profit taking level is 1.34500 which is a 50% Fibonacci retracement level Above that level we had a downward trend line resistance Suitable buy orders may placed at 1.32000 which is one of the Psychological level Potential take profit will be 1.33000 Stop lose may placed below the 1.30500 level On writing this idea RSI is just crossed the 50 midpoint in four Hour chart.
Long
by forexorbit
USDCAD - SWING - 03. SEPT. 2020Welcome to our weekly trade setup ( USDCAD )! - 1 HOUR Very bullish price action above main sr level. 4 HOUR Overall bullish shortterm/midterm trend, good long entries! DAILY Expecting prices to push up towards previous highs. - FOREX SWING BUY USDCAD ENTRY LEVEL @ 1.31210 SL @ 1.30570 TP @ 1.32170 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
30
USDCAD, 4hr timeframe, inverted shoulders head patternHello my friend, Today i spotted a nice buy setup on USDCAD pair. There is a bullish divergence on daily timframe and a nice inside bar pattern so i am looking into 4hr timeframe to time my entry. Surprisingly, there is an inverted shoulders head pattern forming and i think we are going to see price broken above the neckline soon. Buy USDCAD 1.3420-30 Stop loss 1.3360 Take profit 1 @1.3480 Take profit 2 @1.3540 Good Luck Disclaimer: I am opening buy position since 1.3420
Long
by HayatoDragonFX
Long $USDCAD above 1.3300Hello Sophisticated Trader, Our last analysis was over 300+ in gains, now the USDCAD has found some support and is due for a bounce. Currently, closing back above1.3400 suggests a potential test of 1.3500 and a potential test of 1.3700, oversold conditions also support this and only a close below 1.3330 would negate this bounce. Like, Comment, and Follow. Let's Make Money Together! Happy Trading! Dr. Lydia Smith Where we teach you what you need to know to be a profitable trader.
Long
by DrLydia
USDCAD Potential Climb...Price Rejection and now what???Lets start off, by looking at the overall picture of USDCAD. We can see a nice double bottom pattern in the daily chart which I believe a nice "W" shape can occur. If we look closely, we can see that price level rejected off a key trend support level with a nice BULLISH upside movement. As of now, I am seeing a possibility for USDCAD to hit the 78.6 fib level where we can see a retest of 61.8 fib level (also a strong support level at that price level) before we see a continuation in the BULLISH movement up till 161.8 fib level and if breakthrough the first strong resistance level (bold line) definitely we can see it reaching 261.8 fib level. As of now, I am BULLISH for USDCAD but do look out for potential news which may update the movement of USD. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
Long
by YGForex