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Usdcadforecast

USDCAD price action still looks Bullish!Hi Traders, USDCAD has been ranging lately and we're yet to see growth out of this structure to the 1.30 level. Price failed to continue lower in mid January creating a reversal Impulse followed by a larger bullish continuation structure which has made multiple swing highs & lows which tells us momentum is still in the picture. Keep an eye out strength in the USD to push price out of this structure and towards the upper boundary of thr HTF structure. Good Luck! Click the like button if you agree with this idea! Comment below and share your view on this pair.
Long
by ktlfx
USDCADThe United States dollar initially pulled back against the trading week, just as we have seen over the last several weeks. Now we have turned around to form a bit of a hammer, just as we had the previous two candlesticks. With that being said, if we can break above the 1.28 level, then it is likely we could go looking towards 1.30 level. If we break above the 1.30 level, then it is likely that we go much higher. Keep in mind that the Canadian dollar has underperformed, despite the fact that oil has been rallying.
Long
by SmoothJB
Breakout of range coming for the USDCAD. It's been a painful week looking at the dollar cad trade within this tight range but hang out tight, a breakout is coming sooner than you will expect. Price may continue to trade in a range within the channel but expect to see a break out soon! If you're not already in the long, you can consider placing one at these levels and a stop loss at the 1.266 level otherwise you can take one of the two strategies. 1. Wait for price to breakout of the range and enter on the pullback 2. Enter when price tests the bottom of the range
Long
by IkanBilisCapital
USDCAD | Good Buy Opportunity.If you find this technical analysis useful, please like & share our ideas with the community. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Long
by maxprofprofile
USDCAD | The best area to climb📍Hello traders , USDCAD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe. According to the count, Waves 1, 2, and 3 of a leading downward trend have ended and are now within their 4th wave. The general structure of wave 4 is a zigzag structure, and from this zigzag, waves a and b are formed in the form of a channel, and now there is no doubt between the end or incompleteness of wave c. Wave c in our opinion has another 5 waves to complete and we will have the view until the bottom of the orange channel is broken. The bottom of the orange channel was not broken and an ascent was formed, which is probably for wave 1 of wave 5 of wave c. Wave a and b and wave c of wave 4 form half of the head and shoulder pattern and the rest of this pattern is formed by hitting the specified range and then the continuation of the ascent will be formed and formed to some extent. And again, it is possible that another downturn will occur and then another uptrend will start, in which case this leading pattern will change from a compact state, that is, a leading triangle pattern, to a simple leading pattern. However, this ascent is confirmed when the 1.28000 uptrend is broken. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
Long
by mahdisoltaninjad
USDCAD Mutiple Rejection, SELL to bottom of structure. Hi Traders, USDCAD had failed to breakout of Bullish Continuation structure which a short opportunity to the bottom of this structure is valid and could potentially be a 4:1RR. Price may continue down to the HTF lower boundary which we will manage this trade accordingly. Follow your trading plan and make sure your entry criteria is met before entering. Let me know if you agree, comment below and share your analysis! Support more of these by clicking the like button if this has helped you!
Short
by ktlfx