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Usdcadsetup

USDCAD: Target towards 1.3200 Until Below 1.3750USDCAD is moving downwards perfectly in the bearish channel Following hints are good enough to support the bearish trade idea: 1. MACD is forming a hidden bearish divergence to continue lower. 2. The most recent rising trendline within the bearish channel is broken lower with a successful retest as the resistance. 3. 4 out of the 5 legs impulsive structure are completed and the target for the last leg is derived from the confluence of the prior leg's Fibo Extn.s at 1.3200 Invalidation of the bearish trade idea would be the break above 1.3750 GOOD LUCK FOR YOUR TRADES !!! PLEASE SHOW YOUR SUPPORT IF YOU LIKED THE IDEA
Short
by moneytize
Short $USDCAD against 1.3750Hello Sophisticated Trader, Last week long on the USDCAD worked out amazing and the pair has reached a key resistance. Therefore, this week we are looking to Short $USDCAD against 1.3700 as the pair seemed to have rejected the resistance. This potentially leaves the downside vulnerable this coming week, especially towards the end of the month. Any other spike should be considered as a short for a test of the low. Only a daily close above 1.3750 would negate the coming downside. Like, Comment, and Follow. Let's Make Money Together! Happy Trading! Dr. Lydia Smith Where we teach you what you need to know to be a profitable trader.
Short
by DrLydia
Potential $USDCAD Long against 1.3500 Hello Sophisticated Trader, Along with the DXY renewed strength due to the coronavirus fear, the fundamentals seem to point to a potentially weaken the Canadian economy. The Pair has recently broken above the 100MA, a major resistance level and is suggesting a potential rise over the coming week. While 1.3500 stay supported, the pair would have its sight at 1.3800. Remember to buy on support and sell on resistance. Minimize your risk and Maximize your profits. Like, Comment, and Follow. Let's Make Money Together! Happy Trading! Dr. Lydia Smith Sophisticated Trader: Where we teach you what you need to know about trading.
Long
by DrLydia
USDCAD BUY IDEA ** JUST AN IDEA. NOT A SIGNAL ** It seems like there is a multi time frame forming where if the trades breaks out of 1.36623 then the trade will look to go long. If it rejects the line then we look for a short and retest. From the weekly analysis we can assume the trade will look to continue an uptrend until it looses further momentum. Thanks for viewing! Please support this idea by liking and leave any comments you wish ✨ Feel free to support us with a follow or join us for free on telegram SnapForexFreeChannel✨ SnapForexOfficial.
Long
by SnapForexOfficial