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Usdcadforecast

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
USD/CAD Forecast: Dollar Finds Buyers Against LoonieAt this point, it looks as if the 50 day EMA is trying to offer a bit of support, and for my money I think that we will eventually try to make a break higher to go looking towards the 1.28 handle. Breaking above that level would be very bullish, perhaps opening up towards the 1.30 level above. All things been equal, this is a market that I think continues to see choppy behavior but that is not uncommon for this pair due to the fact that the two are so highly correlated with each other in the sense that they are each other’s biggest trading partner. Speaking of trading partners, a lot of the commerce between the two countries is at a standstill currently, simply due to the truckers protesting. As this continues to unfold, that could have a detrimental effect on the Canadian economy, while causing a minor problem for the Americans. Quite frankly, although Canada has a very robust commodity-based economy, the reality is that the majority of the damage economically will be north of the border, as Canada has to import so many things from the United States. While this has not necessarily been factored in quite yet, this is a narrative that could grab the headlines.
Long
by SmoothJB
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