Usdcaddaily
USDCAD Market Outlook | Daily Forex Market BreakdownUSDCAD
Looking very interesting, but also looking a bit tricky at the moment. Going a bit sideways right now. Way to early to even think about getting in a trade with this pair right now. We need to remain patient and let the market show us its true direction.
CATHC THE DROP ON USDCADANALYSIS ON USDCAD
Welcome to my analysis
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4 HR CHart
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Interesting Point of interest In the USD/CAD pair.
- Price below 200 day EMA.
- look for sell signals.
- possibility of 1 more move to the upside.
- Watch 1.31150 for sell signs.
- MACD showing hidden bearish divergence
Long term i am expecting move to the Downside. Will update soon
Stay Tuned
USDCAD approaching support, potential for a bounce!
USDCAD is expected to drop to 1st support at 1.29420 where it could potentially react off and up to 1st resistance at 1.30397.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USD CAD Signal? Still to go Down?My Analysis on USD CAD, H3 & H4 Timeframe, My Analysis Can be Wrong too don't consider as a signal. Wait For the confirmation and Strong entry reason for it.
I am Waiting For Pushback till resistance level and strong entry reason for shorten trade Opportunity. What About You Please tell me in comment. I Would Love to hear your suggestions....
USDCAD approaching support, potential for a bounce!
USDCAD is expected to drop to 1st support at 1.29420 where it could potentially react off and up to 1st resistance at 1.30397.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD in Support Zone: POTENTIAL BUY USDCAD is approaching a support zone from where we could see a rapid movement in the upward direction once the volumes come back in January 2020.
Based on Bullish price action in lower time frames, Traders can look for BUYS between 1.3010-1.3055 with SL below 1.2980. TPs can be set at
1.3180 and 1.3320 respectively.