Usdcadsetup
The USDCAD Approaching towards critical pointsThe USDCAD pair succeeded to continuing the bearish trend on the intraday and short term basis, paving the way to head towards 1.3310 as a critical point which if breaks will put additional pressure of selling with mentioned targets in above mentioned Chart.
the bearish bias will be expected in the upcoming sessions
Multiple order blocksThe three drives completion was followed by a bullish engulfing candlestick which indicates a complete take over and price raised all the way up to violate the supply zone. Price was nicely rejected and decreased to change market structure, initially tested the demand zone and made a retest which led to a minor manipulation then pushed to the upside with this long candlestick, but failed to activate the order block and dropped without fully correcting the inefficiency. This massive drop stopped at level 1.35073. Price made a pullback to the breaker block and declined to violate the demand zone. This doji candlestick shows loss of bearish momentum, currently looking for price to appreciate to the supply zone at 1.35791, then we’ll evolve with the market from there…
USDCAD- 500+ PIPS BUYING OPPORTUNITY!!Dear Traders, after creating HH price dropped significcntly due to CAD being extremely bullish. DXY has been bearish and we have no strong bias. As we progress through the week, we strongly believe DXY to bullish which will help USDCAD to continue towards our premium selling zone. USDCAD, SHOULD NOT break this area as otherwise it may test the daily lower low.
good luck!!!
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD
USDCAD is now quite BUY. The dollar started to strengthen slightly because of the short-term POSITIVE SENTIMENT for the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that the FED is still MONITORING INFLATION DATA.
We think it will go up to the 1.3776 level before going down again. Also, with this MARKET RISK ON SENTIMENT, the USDCAD PRICE can SELL to the 1.3300 LEVEL in the future. FOLLOW THE STRUCTURE GIVEN.
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- SELL 500+ PIPS THAT WE ARE AIMING!Dear traders, USDCAD from our first setup we have achieved 800+ pips, that was a buying setup and now we are looking at selling opportunity. We had mixed NFP and CPI data outcome though we still have fed meeting announcement where we expect price to be bullish for short term until it reaches our target zone. Overall we are bearish on the trade.
USDCAD BUYIt’s a beautiful day, let’s take go good look at USDCAD this opportunity is so clear so basically we are looking to Buy on this analysis, clearly on the 1hour Time frame we have a trend line breakout and we are waiting for a retest confirmation or price retracement back to either 1.37789 which is our 1HR S:1 area or 1.37468 which is our 1HR S:2, and we are expecting price to hit our daily Resistance Zone which is the Tp 1.39771, so let’s wait patiently for price confirmation and also candlestick behavior to occur.
Thanks guys drop a Comment on what you think about USDCAD or my Analysis
#USDCAD-PERFECT AREA TO GO LONG!Dear Traders, Hope you all doing great, we have found ourselves in a perfect zone to go long on USDCAD, with minimum of risk to maximum of profit setup. DXY is expected to continue its bullish momentum since it reversed. Let's not miss out the big movement!. Good Luck!!