USDCAD / BUY / ZONE FOR THE WEEK AHEADI am waiting for price to break structure before placing a buy
Usdcadsetup
USDCAD / AS PREDICTED / LONG OPPORTUNITYPrice broke resistance and is retesting it
You still have the opportunity to buy in!
USDCAD - LONG OPPORTUNITYAs you can see from the chart when price falls below this level of support it shoots up and hits the highlighted level of resistance so we will look for buys in the support area.
There is alot of divergence on the 4H so i believe this will be the last push to the upside.
Once the higher level of resistance is broken, we wait for a retest and buy again!
USDCAD Price in symmetrical Triangle | possible setupPrice bounced from Support can touch 4th wave if close above than we can see a breakout and invalidation of the 5th pattern
if price rejected from 4th wave and touch 5th wave than it can we will wait for price to breakout or breakdown
don't blindly long here move according to your plan
USD/CAD Technical Analysis.Currently, USD/CAD is trading at 1.3547. The pair may start a new down trend if it breaks the support level at 1.3522. Previously, the pair was consolidating in the resistance and support wedges. If the pair starts a new down trend after breaking the support level, then its target price will be at 1.3387.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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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
USD/CAD price outlook| Buy the dipsUSD/CAD appears to have bottomed out. Currently, the bulls are waiting to break the 1.37 key area. There must some event like a risk-off situation in the market that will trigger the Bulls to break this area strongly.
Either way, price actions suggests that Bulls will break this area sooner or later.
So, the best way to trade USD/CAD is to start buying the dips with small position sizes.
New Update On USD/CAD +180 Pips And New Entry Is Available Now New Update On USD/CAD +180 Pips And New Entry Is Available Now
USDCAD - BUYExpecting price to test support on monday before closing above support and reaching the green area
USDCAD Daily: Long!Note: Idea is to complement your research.
Check comments section for future updates on idea.
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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.
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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 - 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
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.
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Dr. Lydia Smith
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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.
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USDCAD - BUY ON BREAKOUTPrice is currently hovering over the support zone, from what I can gather price will bounce around in the zone before breaking out and heading towards the green area
U.S. DOLLAR /CANADIAL DOLLAR (USDCAD) LONGH4 Timeframe Showing an Uptrend Structure.Currently Retesting Previous Levels.Wait for a good setup to go Long FX:USDCAD
