Usdcadidea
USDCAD Waiting for Sell OpportunityUSDCAD still now in an ascending channel and waiting for confirmation. If USDCAD reaches to 1.3750, We will get a huge opportunity to sell USDCAD with SL 1.3850 and TP will be 1.3350.
USD/CAD Technical Analysis.Currently, USD/CAD is trading at 1.3547. The pair may start a new down trend if it breaks the support level at 1.3522. Previously, the pair was consolidating in the resistance and support wedges. If the pair starts a new down trend after breaking the support level, then its target price will be at 1.3387.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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Thank you,
Rishikesh Lilawat
USDCAD Daily: Long!Note: Idea is to complement your research.
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USD/CAD, Short after Breakout of Minor LevelUSD/CAD is showing us weakness at the end of this week. I expect a drop in the price to major support or the bottom of the range.
USD/CAD - Buy Opportunity Within Ranging ChannelHello Traders!,
We're expecting more USD weakness for this trading week as we look ahead to see what pairs can be traded against USD, here we have a great opportunity to take advantage of some short-term range within a channel down.
What Is The Market Telling Us?
We could be in a bullish trend for the long term as there's been a pivot point @1.33500 level
Price has been ranging within our channel for just about two weeks, giving us a strong indication that the channel is being respected
Bullish crossover of moving averages is incoming which could give us a sign that price is heading towards the channel resistance
When Should We Enter?
We can wait for a pure retest of our support level @1.35300 followed by bullish signals (candlestick pattern etc) before BUYING
If we do not get a valid retest of our support, we can wait for price to violate our recent high of @1.35600, (BUY STOPS etc)
USD/CAD Technical Analysis.Currently, USD/CAD is trading at 1.3539. The pair started a new down trend after breaking the support level at 1.3548. Previously, the pair was consolidating in the resistance and support levels. As the pair has already started a down trend by breaking support level, its first target price is at 1.3430 and second target price will be at 1.3358.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat
USDCAD M30Looking for a strong break or solid retest after the break, continuation trends cause many are selling via daily charts so will have a strong push up if going that way.
USD/CAD Technical Analysis.Currently, USD/CAD is trading at 1.3585. The pair started a new up trend after breaking resistance level and neckline at 1.3480. Previously, the pair was trading in a down trend while moving in a lower-low lower-high pattern. As the pair has already started a new up trend, Its first target is at 1.3663 and second target is at 1.3776.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat
#USDCAD, Time to buy?RSI below the 30 points it points to Oversell and possible trend change.
Stochastic below 10 points, as well as an indication of a trend change
Although the trend is bearish we recommend buying because of the data we mentioned above
Goal: 1.36
USDCADfailed to break out of previous low. maybe a continuation of down trend. this will be further validated if price breaks the lower support.
USD/CAD - Potential Further Drop After RetracementHello Traders!,
Happy Monday, I hope everone's had an enjoyable weekend, despite the current ongoings with whats happening in USA and other countries
What Is The Markets Telling Us?
We see a massive drop off on US dollar strength, possibly due to widepread protest which will cost the country millions in repair
Upon New York Session opening we can see a retest of resistance @1.3730, followed by a significant drop, MAs are above price
This is a great example to show how fundamentals and technicals co-operate within the market
When Should We Enter?
Will be looking to execute SELLS once price has reached our retracement area
Although, we may see consolidation if there is a insufficient amount of volume, or even price may not reach our retracement area
All in all, before entering for a SELL, it will be ideal to see some sort of consolidation/retracement followed by bearish bias before selling
USDCAD 4HTHE #USDCAD pair which is direcly negatively correlated with oil is expected to go for long in the coming days based on possible non rate change of the CAD which is ecpected tomorrow, thereby recovering from the slump yesterday due to USD data
USDCAD long trade ideaPlan: trendline and resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
USD/CAD, price action speaks Bearish languageUSD/CAD has recently broken support area. After daily close, this will become new resistance for the price. If the price retests this, we will be looking for shorts with our members.
