USDCAD possible sell zone!!USDCAD 4h, After NFP release USDCAD has changed it's uptrend to downtrend on the lower timeframe. As the price has broken down with a strong momentum, currently the price retracing to the previous resistance turned support. It is highly likely price will test the 20EMA on the 4h and will bounce off. Upon rejection a sell trade is high probable targeting monthly support level.
Usdcadidea
DeGRAM | USDCAD breakout USDCAD is moving out of the ascending channel.
Price made multiple attempts to break the resistance level but failed to make a new high.
The market formed pressure at the resistance level and the lower border of the channel.
We expect a breakout of the channel and a retest of the support level .
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USDCAD ! It looks like a Head and shoulders pattern, short ideaUSDCAD has been trading in an ascending channel for a long time. I currently see a USDCAD made Head and shoulders pattern on the daily chart, but neckline has not been broken yet. If the neckline breaks, of course it will be confirmed. Therefore, it is too early to see long trades, I think you should open a long trade test 100 EMA..
DeGRAM | USDCAD consolidationUSDCAD is trading in the consolidation zone at the support level.
We are looking for bearish trend continuation trades because the previous move was bearish and price action is making LLs/LHs on this timeframe.
We expect a test of the support level and further sideways movement until a new trend is confirmed.
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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.
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.
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.
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.
Update On USDCAD Idea SELL Trade Triggered......Just a quick update on yesterday's trade idea just were I had identified the 1.40 zone as a good area to look for a SELL setup we got a HUGE spike up towards that area during the US session yesterday often spikes like this into High timeframe levels will give great opportunities to enter a position and that's exactly what we did currently up over 200 pips :)
read the related post to see why this was a great setup
Looking To SELL USDCAD Around 1.40 or Above...USDCAD is fast approaching the 1.40 level which is the start of a huge Monthly SUPPLY/SELL zone that is around 700 pips in range so to find a good R/R trade we need to zoom into the weekly charts to see if there is any areas there for possible setups.
As you can see marked on the charts there is a nice Weekly SUPPLY/SELL zone starting at 1.40 this is where price actually broke down heavy from in 2020 it's also a tight zone so will provide an excellent R/R trade if the correct signal happens here.
I will be looking for a signal on my FX Reversal King indicator on approach to 1.40 on timeframes from the 6hr to Daily, the first easy target if this trade triggers is the last high in the previous trend that was just taken out at 1.34 it can drop a little lower to 1.32 .
DeGRAM | USDCAD at strong supportUSDCAD moving in the ascending channel .
The market formed a consolidation zone at the support level .
Price broke and closed above the psychological level of 1.3700.
We expect retest of the resistance level .
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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.
DeGRAM | USDCAD opportunity for shortUSDCAD is trading in the descending channel.
The market is heading to confluence zone where there are resistance and trendline.
The price action has bounced off the trendline several times before.
If the resistance level rejects the price, then we can look for selling opportunities.
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USDCAD US Dollar Canadian Dollar ForexThe US Dollar vs. the Canadian Dollar is a very popular currency pair due to the extremely large amount of cross border trading that occurs between the U.S. and Canada. The CAD is considered to be a commodity currency because of the large amount of natural resources, especially oil, that are mined and exported to southern neighbors. The USDCAD is one of the most traded currency pairs in the world.