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Usdcadidea

USDCAD-opposite to the safe heaven assetsUSDCAD The CAD movement is mostly based on the movement in oil market. As the Canada is one of the major oil exporting countries and their economy is also depends on this type of oil based industries After touching the march low which is 1.33250 it has reached almost 1.40000 level We can expect short term fall back towards 1.36400 which is also a 50% Fibonacci Suitable long positions may opened at this level Potential take profit will be 1.40000 Stop lose may placed below the 100 EMA zone as i marked in the chart Leave your valuable comments related to this pair
Long
by forexorbit
USDCAD might reverse very soonUSDCAD is facing stiff resistance at the 1.3300-1.3340 area which is expected. At this point, both the sellers and buyers are on the sidelines waiting for a move to happen. In my opinion, price will reverse very soon. However, there might be a fake breakout of the resistance level to generate some liquidity before dropping. I have already executed sell orders and I will look to add some more if I see rejection or a fake breakout at the resistance
Short
by YourLazyTrader
33
Trading Pathways Analysis of USDCAD H4 Chart The outlined white arrow pathway is the predicted pathway that the USDCAD will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where USDCAD will turn. PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK. Eiseprod of Trading Pathways
Short
by Trading-Swing-Pathways
USDCAD Sell Plan after a successful 320 pip Buy TradeAfter a 300+ pip profitable Buy Trade on USDCAD(idea link attached), I am back with a sell set-up. As you can see, USDCAD is approaching a strong Resistance Area. So, it's a good idea to be prepared with sell scenarios. My plan is to watch the daily price action in the 1.3300-1.3350 area. If I see an exhaustion of the bullish move or a sharp bearish impulse in this area in the 1H/4H timeframe, I will go short. Traders can look for sell entries between 1.3300-1.3350 with SL above 1.3400. Sellers can take profit at 1.32, 1.3110 and 1.2980 respectively.
Short
by YourLazyTrader
USDCAD LONG @ DAY CHARTUSDCAD Due to the trade deal truce the oil prices are shoot up because of that the CAD also gaining some positive momentum at this time In day chart the 100EMA and 200EMA has crossed towards downward this will attract more sell The next target for bear is 1.30400 level From this pint we can initiate the buy orders And the potential take profit will be 1.33300 its around 290 pips Stop lose may placed at 1.29900 level for high risk reward ratio leave your valuable comments..
Long
by forexorbit
1
The Looney Continues to Bargain in FlatThe technical picture on the USD/CAD currency pair is still ambiguous. A temporary low is formed at 1.3115 in USD/CAD and intraday bias is turned neutral first. Further fall is expected as long as 1.3205 holds. A clear break below 1.3115 (38,2% Fibo retracement on the daily chart) will resume the decline from 1.3327 and target 1.3042 key support. Sustainable move there will bring larger bearish implication. On the upside, above 1.3205 (Friday high) minor resistance will turn bias back to the upside for re-test of 1.3327 resistance instead. Our Buy trading is still active. Do you trade that pair and how?
by ForexTrendline
1