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.
Usdcadsell
USD/CAD Technical Analysis
The counter has formed a bearish cypher pattern.
Further, it has formed an evening star pattern in the hourly chart at the highs.
A down move from here has a good chance to create a descending channel/bullish flag pattern from here.
Hence, we expect the pair to be bearish in the near-term.
USDCAD bounced from support, potential for a further rise!
USDCAD bounced off 1.36245 where it could potentially rise further to 1.37418.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD bounced from support, potential for a further rise!
USDCAD bounced off 1.36245 where it could potentially rise further to 1.37418.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD approaching support, potential for a further rise!
USDCAD approaching support at 1.34901 where it could potentially rise further to 1.36161.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD approaching support, potential for a further rise!
USDCAD approaching support at 1.34901 where it could potentially rise further to 1.36161.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD - SELLFrom what I can see price will break support and the trend will change to bearish
Wait for confirmation before entry!
USDCAD - SELL
SL - 1.35675
TP - 1.29634
USDCAD reversed from resistance, potential drop!
USDCAD reversed off its resistance at 1.36205 where it could potentially drop further to 1.34901.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD reversed from resistance, potential drop!
USDCAD reversed off its resistance at 1.36119 where it could potentially drop further to 1.34901.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD bounced from intermediate support, potential for rise!
USDCAD bounced off intermediate support at 1.35143 where it could potentially rise further to 1.36746.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USD/CAD Price Outlook| Drop to 1.34 is back in pictureUSD/CAD Bulls reached 1.3650 but failed to break that level. It seems like sellers are controlling the price action in USD/CAD and I expect a drop to 1.34 very soon.
USDCAD bounced from intermediate support, potential for rise!
USDCAD bounced off 1.35458 where it could potentially rise further to 1.36746.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD bounced from intermediate support, potential for rise!
USDCAD bounced off intermediate support at 1.35222 where it could potentially rise further to 1.36746.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USD/CAD retracement and SHORT opportunityHello traders,
I have just entered this position on USDCAD . I was watching the market for few days and I was looking for a short opportunity.
As you can see from the chart, the price reacted on Fibonacci retracement, we can see a false breakout to the upside and a volatile movement to the downside after that. This confirms the short for me. Also on daily chart there is a Pin bar.
I am going to close the position at 1.37254 in case the prediction is wrong. Otherwise I want to close half of the position at 1.34389 and the rest around 1.32294 which is the PoC from daily chart.
What are your expectations here? Let me know in the comment :-)
Take care.
John
FINEIGHT Team
USD/CAD Wave Analysis USD/CAD Wave Analysis
The counter is currently in a 5-wave bear cycle.
It made a pullback in a w-pattern which could be interpreted as wave 4.
Now, it has topped out with a rejection candle and hence, we expect the pair to move to lower levels to complete wave 5.
USDCAD to climb from upside confirmation, potential bounce!
USDCAD to climb from its upside confirmation at 1.37297 where it could potentially bounce further to 1.38711.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD bounced from support, potential for a further rise!
USDCAD bounced off 1.34300 where it could potentially rise further to 1.35644.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD bounced from support, potential for a further rise!
USDCAD bounced off 1.33399 where it could potentially rise further to 1.35644.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
