Usdcadsetup
USD/CAD Finally Closed Below Up Trendline , Time To Sell ?This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Long USDCADWhat I see:
- Price has rejected the resistance support line 3 times
- Resistance line started June 2021
- Stochastic is oversold in daily ad oversold and crosses in 4hr chart
What I expect:
- Price to reject for the 4th time from the resistance line
- Price to long towards previous low which is shown in the 4 hour chart.
USD/CAD SHORT SELL NOW.......
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
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USDCADCad is on pressure, over priced beacause of the high oil prices for a long time. It is time to loose strengh. And dollar is pushing higher because of the latest events, the war between Russia and Ukraine.
Fed is clearlly blamming the war for the sick inflation that they caused and they are using it to delayd rasing the interest rates on March.
So We are having a bullish scenario on dollar and sell scenario on cad, because of the oil prices. So oil will need to correct the parabolic run. So it will be the best oportunity for cad to loose strenght.
Failed breakout for the USDCAD, waiting for the next oneThe dollar cad finally broke out of its consolidation range this week but fell straight back into it later in the week. It is now trading at the bottom of the consolidation range again and we will be looking at a long entry. It is less likely that this coming rally will be a fake out since, the institutions already caught some fish the last time round. These levels are good for a long but we could move down farther from here to take out some longs at 1.263.
USD/CAD Bullish flag breakout, next target 1.3050 USD/CAD confirms a bullish breakout, with more room to open higher.
USD/CAD breaking above 1.2783 has confirmed the bullish flag breakout and has created more room for the upside bias. Stop-loss should be below the 1.2638 price zone with a target zone of 1.2950/1.2958. Breaking above 1.2958 will open the door for our 2nd target nearly at the 1.3050 price zone.
USDCAD | Good Buy Opportunity.If you find this technical analysis useful, please like & share our ideas with the community.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.