USDCAD 12May2023if you look at price movements, it is likely that there will be a long bullish run for the next few weeks. This analysis is valid as long as wave 2 is not broken. take the opportunity to buy when the price is corrected
Usdcadforecast
USDCAD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 1.36000.
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usd/cad is a ready-to-flyusd/cad is a ready-to-fly that can be entered into a Buy; But you must managing capital risk and accepting its risk and its loss limit. Two TP is considered to be in the chart, and the loss limit is also specified.
USDCAD AnalysisPrice is reaching major support level rejected multiple times. 4HT didn't have any retracement which makes it even more probable rejecting this support zone. Pending order placed at round number.
USDCAD 5may2023this pair analysis is going well, if you look at the past analysis it is still appropriate. there is a big possibility that this downward trend is just a correction, USDCAD will still continue to be bullish later. better to wait in the blue area to see if there is a reversal later.
USDCAD 3may2023the bullish price movements of the past few days have not been able to suppress the volume of the bearish candle that occurred on April 28. as long as the price does not penetrate the invalid area, this analysis is still valid, you can look for opportunities to enter sell
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.
USDCADPrice broke the previous lower high of the structure, expecting price to resume bullish to test the previous higher high
USDCAD H4 2may2023This analysis is for intraday only, it looks like the temporary movement is bearish, we can take advantage of the retracement movement
USDCAD Chart Analysis for 1-5 May 23USDCAD upcoming week Technical Forecast as FOMC on the way to hit market, so follow money management properly
GOOD LUCK !
USDCAD Next MovePair : USDCAD ( U.S Dollar / Canadian Dollar )
Description :
Bullish Channel in Long Time Frame as an Corrective Pattern and Rejection from the Lower Trend Line
Divergence
Break of Structure
Completed " 12345 " Impulsive Wave and " A " Corrective Wave
Rejecting from Fibonacci Level - 61.80%
Double Top in USDCAD may reverse the trend to bearishDouble Top in USDCAD in H1 timeframe along with bearish divergence may reverse the trend from bullish to bearish if it breaks support level of 1.352
What is driving this USDCAD forex pair up?Is oil moving up again? I don’t see that. Remember this Canadian dollor is supposed to be a commodity currency pushed by the price of oil. I checked the USD’s DXY, which shows a little strength in the US dollar over the last few days. There seems to be no solid drive here for this incline, but I am unsure if it is sustainable over the long run. There are hardly any instruments moving positively today with my latest scans against the forex and CFD universe.
A wary approachThe market has been extremely bearish before creating the 1.33006 and it’s been fairly extremely bullish and even created three bullish drives to strengthen this bullish market. On the 4h timeframe price the market made a nice internal liquidity sweep by a shooting star candlestick followed by a doji, but here we are having multiple reversal candlesticks which creates a slight indecision, however, a bearish movement is expected to at least level 99.44, I believe some already executed here…
USDCAD SHORTA possible retrace on 2 hour supply, sweeping all internal liquidities then proceed to sweep external liquidities down to 1.30494 demand area.
USDCAD Bullish Continuation?
Hello Traders,
on the daily chart price is in a channel. After a bounce from the daily keylevel (white box) we have now reached a 4h key level(blue box).
If we break this level I am expecting a retest and a continuation to the above daily keylevel
Any feedback is appreciated, specially if you dont agree.
Thanks
USDCAD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on USDCAD.
Technical analysis: Here I am looking for a long position as we are in a bullish market structure on daily. My point of interest is bullish order block and imbalance filled after price took sell stop liquidity. Then I will look for a confirmation on lower timeframe.
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USDCAD H1 Short Hi
USDCAD IN Supply Area
Entry:1.34690
SL:1.34899
TP:1.34067
RR= 1:3
if You like Support & Share
USDCAD SHORTWe can see the chart tells that it is in downside momentum. Now, the is a 3-hour supply area that can be a possible area for another short entry between 1.34289 to 1.34397. Then goes down to the daily demand at the bottom.
USDCAD Bullish BAT Harmonic ReversalUSDCAD Bullish BAT Harmonic Reversal. Confirmation by Bullish Divergence and new HH HL printing
BUY/LONG Order Executed. RR is 1:1 but will ride the trend after TP1 with SL at BE.
Channelled inPrice made a liquidity sweep in a corrective nature and made an inverse shooting star to drive the market all the way down and created divergence. The complete creation pushed up and respected the area by a wick we boosted the current pullback with some momentum. With this move in motion, the hunch is for price to mitigate this instant order block then go bullish to the supply zone…
