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Usdcadsetup

USDCAD HEADING LONG?!ENG: - Price correcting after breaking our resistance trendline , we are now expecting a bigger move to the upside after the touch. - In case price breaks, we would look for a new long at our supportive zone. PT: - Preço a corrigir após quebrar a nossa resistance trendline , estamos agora a aguardar por um movimento maior para cima, logo após o toque na mesma. - Caso o preço quebra a trendline novamente, iríamos procurar por uma nova posição de compra na zona de suporte.
by Wevesting
USDCAD | PERSPECTIVE FOR THE WEEKMy bias on this publication last week (see link below for reference purposes) was rendered invalid as price broke down 1.33800 level given rise to a stronger CAD, which might result in a further decline as price retest 1.38000 level. The Loonie appears to begin the rally off of a backdrop of upside economic surprises and stronger commodity prices. Buyers couldn't continue the moment despite good figures resulting from NFP positive outlook on Friday as the price appears to stall at 1.33800 (Breakdown zone). Tendency: Downtrend (Bearish) Structure: Supply & Demand | Channel Observation: i. Since Breakdown/Retest of 1.35000 level in mid-July 2020, the Bulls have found it immensely difficult to raise the bar resulting in a Channel to the downside. ii. As selling pressure increase from my Key level @ 1.35000, I shall be looking out for Sell confirmation in the coming week on this pair. Trading plan: SELL confirmation with a minimum potential profit of 300 pips. Risk/Reward: 1:3 Potential Duration: 2 to 6 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
USDCAD, PREPARE FOR SOME GOOD MOVES!*ENG* - Price heading to our supportive zone were we expect 2 possible outcomes, with the first being a possible reversal from that area (look for entries at the 1h/15min), and the second being an impulsive break followed by a retest. *PT* - Preço a dirigir-se para a nossa zona de suporte, zona onde temos 2 setups possíveis, sendo o primeiro um reversal desta zona (bullish) e o segundo uma quebra impulsiva seguida de um retest e uma queda maior (bearish), procurar por entradas em 1H/15min.
by Wevesting
USDCAD | WEEKLY PERSPECTIVEThe USD/CAD pair struggled to make a decisive move in either direction after the macroeconomic data releases from Canada and the United States on Friday - 31st July 2020. With 90pips in our direction from my last week publication (see link below for reference purposes), a possible rally continuation is looming as we experience a Breakout off of our Trendline and Resistance @ 1.33700 during the course of last week. Tendency: Uptrend ( Bullish ) Structure: Breakout | Channel | Reversal Pattern Observation: i. The fall of USD since mid-July 2020 appears to stall at 1.33600 zone (Buying Pressure zone) as the price continues to find it difficult to break further down. ii. The spring of a Bullish candle (Breaking out off of my Trendline) later in the week is a sensitive sign that emphasizes Buyer's strength at this juncture in the market. iii. Looking out for completion of retracement from Engulfing run in anticipation of a rally in the following week(s). Trading plan: BUY confirmation with a minimum potential profit of 100 pips. Risk/Reward: 1:2. Potential Duration: 2 to 7 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry