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Usdcadforecast

USDCAD LONGUSDCAD - new forecast (nr1) ➖➖➖➖➖➖➖➖➖➖➖➖ This is my expectation on USDCAD this week, i think from next week we will see a bullish trend. Now price had dropped to a strong support level @ 1.24750 where it will stay this week. Best buy scenario is to wait for price to settle around support level @ 1.24750 before going long on this pair. Hopefully we will have a bull chart this months and a good algo trade. ➖➖➖➖➖➖➖➖➖➖➖➖ This is just a note for myself for the next coming week, updates will come along daily. ➖➖➖➖➖➖➖➖➖➖➖➖ Please use small lots if you gonna trade on this idea! ➖➖➖➖➖➖➖➖➖➖➖➖ Please like, comment and share if you like my idea. ➖➖➖➖➖➖➖➖➖➖➖➖
Long
by pmfxtrade
USDCAD LONG - Buy Entry - H4 ChartUSDCAD LONG - Buy Entry - H4 Chart Buy @ Market Symbol: USDCAD Timeframe: H4 Type: BUY Entry Price: Buy @ Market Resistance @ 1.29439 Resistance @ 1.28315 Resistance @ 1.26605 Resistance @ 1.25930 Support @ 1.24867 Support @ 1.24557 ✅ If you liked this analysis, please consider Following and giving it a Thumbs Up 👍 ✅ If you have any feedback or questions, please leave a comment below as I answer each comment 💬 ✅ Wishing you enjoyable successful trading 🙏
ULong
by UnknownUnicorn35780991
USDCAD - OIL , U.S ECONOMIC DATA WITH TECHNICAL LEVELS- Some of the most important data for USD will be released this week. Among them, JOLTS job openings, CB consumer confidence, ADP - non farm employment change, FINAL GDP q / q, crude oil inventories, Core pce price index, ism manufacturing index, NFP are the most important DATA. - The OPEC MEETING is scheduled for this week. Also important indicator data for CAD, GDP, MANUFACTURING PMI, is due to be released this Friday. - DXY is currently at 97.85 LEVEL. USD has been WEAK for the last few days. Also, the CAD FEATURE has been down to 0.7986 LEVEL. However, CAD is becoming WEAK compared to DXY due to OIL WEAKNESS. USDCAD PRICE is TUCHING IN DYNAMIC S / R LEVELS. - Currently we see the OVERALL MARKET RISK OFF. Also STOKES are getting RED. VIX UP is becoming. Also COMMODITIES are starting to DOWN right now. - OIL PRICE is currently down a bit. It will inevitably affect CAD. If so, USDCAD could be moving to the BUY in the next few days. - USDCAD PRICE can go to 1.2466 LEVEL before UP. Then the USDCAD PRICE can be UP again up to 1.2656 LEVEL. The USD may be slightly STRONG in the coming days due to the MARKET SENTIMENT. The OIL PRICE applies to USDCAD, and the decisions made at OPEC MEETING will have the greatest impact on USDCAD.
by benny_marshall
USDCAD, We broken wedge triangleHello everybody According to the chart and last analysis that you can see the price is moving in downward trend but now in lower time frame from last week the prce amde a trangle and broke it and now we need a little pullback then it haspermission to open position for long to raech to the target that we shown on chart . The point is you should observe to capital management and dont forget use stoploss and you can put your stop loss as we can put on chart. If you have any question you can ask our team Good Luck Abtin
Long
by Abtin00
USDCAD possible short entryUSDCAD was supposed to reach the region in red but Canadian dollar seems to give a tough competition to the king USD. However, the Loonie dollar intention for a bullish continuation is quite questionable owing to the huge rejection candles on weekly timeframe. Therefore, I no longer confide in the bulls. "Feds are losing against BOC". The last nail in the coffin is the support region of 1.2550-1.2600 , If any daily candle successfully opens below 1.2550 we are looking at the targets marked with green rectangles. We might actually be able to see USDCAD back to 1.2000 but that is a distant story for now. Let us now observe where USDCAD decides to go. But looking at the recent weekly candlesticks, I am voting in favor of bears.
Short
by Uzi-Trades-Forex
USDCAD, If we take signal we can buy in buy zone area Hello everybody We back with amother analysis of USDCAD According to the chart, After long time when we are in downward trend at last with this wave we break the downward trend and changed it to upward. We shown buy zone area that the price is coming to reach to the target zone and when we take signal in this zone we can buy a lot and wait until the target that we shown reach. You can put your stoploss in below of the key point level a little lower than that point. Please dont forget use stop loss and observe to Capital management, Please guys check the news and be conscious on War and the impact of it to the market. Previous analysis : If you have any question send us messages Good Luck Abtin
Long
by Abtin00