START OF THE WEEK (9 Sep - 13 Sep 2019) GUIDE | DOWN!See chart for illustration.
This is a follow up ( see link below for reference purposes)
Usdcadidea
USDCAD OBEYS SELL OPPORTUNITYDon't miss tomorrow's opportunity. Whatsapp me for great signals, +254748235744
USDCAD - EDUCATION - 25. AUGU. 2019Welcome to our weekly market Breakdown (USDCAD)!
1 HOUR
Sideways waving market structure.
4 HOUR
Slowly rising market with several pullbacks and low pressure.
DAILY
Bullish market found its resistance in my opinion.
OVERALL
Two very likely scenarios in usdcad this week, depending on price action on monday
prices should fake a breakout either to the upside or below previous week support zone.
I will update you about everything, be patient :)
Good luck
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Have a great week everyone!
ALAN
#USDCAD, Analysis+SignalBear trend.
You can see in the graph above that the average line moves 200 very reliable which means that the usdcad above the line is worth buying and when the usdcad below is worth selling.
This is already the second time that usdcad is trying to rise above the trend line with no success.
Target: 1.3175
USDCAD, pullback to cloudD1
-->> resistance spotted
-->> pullback to cloud
--->> expect huge downward movement if it fail to break the cloud
The bulls coming back? #USDCADSo it's true that the usdcad has gone out of the rising channel but you can not ignore the current situation.
In the weekly chart, the USDCAD is still on the rise.
You can see that currently the usdcad is supported by the support of the Ichimoku cloud, so long as we stay above the cloud it is a positive sign.
And in the end, we left the most important point- crossing of the Stochastic in the zone which indicates an oversold with the potential reversal of the trend.
Target: 1.32-1.3280
USDCAD LongUCAD is in a clear sell on the weekly timeframe. However, the daily MACD shows the moving averages touches with a possible crossover to the upside. The 4hr shows a slight move to the upside but closely approaching the 50EMA zone at 1.311. Will look to see what price does here. Will take long position if price breaks the EMA and retests. Also, divergence on the 4HR starting at 062019 til current. Price has broken the 1HR and 15MIN EMA's but has not retested, therefore this breakout could be a fakeout. Will continue to watch price.
The last increase is a change in trend or just correction#USDCADOnly in the weekly graph are we still on the upward trend, in all other chart times (H4, D1, MN), the model has changed to a bearish model.
The USDCAD was stopped at 1.3090 because of the support we have there.
The Stochastic is currently at Oversold.
Short term: The USDCAD can rise to 1.3170 / 80
Long term: 1.2950
USDCAD: Buy at DIPS near SUPPORTWill be looking at the PRICE ACTION near support. There are two SUPPORTS, one at 1.3380 and the other at 1.3338.
I will be looking for BUYs if price reaches these SUPPORT LEVELS and target 1.3520 as TP.
USDCAD Potential Short From Current Level?Hi everyone. Please refer to the image. Beware of CAD news coming out tonight (SEA time). It might move the pairs then. For now its still not moving much. Maybe waiting for news data.
TAYOR and all the best traders!
KHALID HAMID
USDCAD 4H Long Now?Hello guys. Please refer to the image. This is what I see for USDCAD.
After a nice drop following my previous analysis, I'm going for a long because the resistance has been retested multiple times, making it weaker. Usually, price will go back there to break it.
Let's see. Don't forget to put a risk on your trade. TAYOR!
KHALID HAMID @ tfspriceaction
USDCAD Quick ScalpPrice has been pushing down while forming LHs and LLs on the smaller time frame, my entry was based on the H4 close which broke 1.34200 and pushed up for liquidity forming another LH on H1 as it retested it's broken support. My goal is to ride the current market momentum to the daily demand zone for a 1:3.
USD/CAD Technical Analysis: Short Bullish Mood 1.3400 and 1.3440 In the H4 chart, USDCAD is expected to test the 3/8 level, rebound from it, and then falling towards the support at the 0/8 one.The lines in the H4 and H1 charts are completely the same and confirm the scenario described above. 50-day and 100-day simple moving average (SMA) near 1.3350/40 could restrict the pair’s near-term declines, a break of which can recall sub-1.3300 area on the chart.
On the upside, 1.3445/50 and 1.3470 seem nearby resistances to overcome in order to aim for 1.3520 number to the north.
USDCAD H4 200 ma 1.3370 level and Strong Technical level so take a short buy position Target 1.3400 and 1.3440 Area.
Down side of USDCAD Sell Position is 1.3460/1.3520 and 1.3660 level .Broad USD selling ahead of FOMC pleases Loonie bears. Comments from BOC’s Poloz and PMI are also in the limelight.
Upbeat industrial production and comments from the Bank of Canada’s (BOC) Governor Stephen Poloz helped the Canadian Dollar (CAD) take better advantage of the US Dollar’s (USD) weakness and ignore sluggish GDP figure from Canada.
News:
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The USD/CAD pair rose to a session high of 1.3468 with the loonie coming under strong selling pressure after the data published by Statistics Canada showed that the Canadian economy contracted by 0.1% in February. However, the pair lost its bullish momentum in the last hour following some optimistic comments from Bank of Canada Governor Poloz and was last seen trading at 1.3416, losing 0.31% on a daily basis.
Technical Level:
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Previous Weekly High 1.3522
Previous Weekly Low 1.3335
Previous Monthly High 1.3469
Previous Monthly Low 1.313
Daily Fibonacci 38.2% 1.3455
Daily Fibonacci 61.8% 1.3465
USDCAD - Buy Opportunity - Rejection of D SupportFX_IDC:USDCAD
I am demo trading and documenting my progress. This is not intended to be a sell signal !
Wedge Structure on 1H
Retest of Daily Support and bounce off 1.3330 - Buy prediction on 4H and 1HR with SL set at daily support
Buy at CMP - 1.3340
SL - 1.3330
TP - 1.3370
