Get started

Usdcadsetup

USDCAD - EDUCATION - 25. AUGU. 2019Welcome to our weekly market Breakdown (USDCAD)! 1 HOUR Sideways waving market structure. 4 HOUR Slowly rising market with several pullbacks and low pressure. DAILY Bullish market found its resistance in my opinion. OVERALL Two very likely scenarios in usdcad this week, depending on price action on monday prices should fake a breakout either to the upside or below previous week support zone. I will update you about everything, be patient :) Good luck - Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
by DACapitalTrading
4
TAKE NOTE- ANALYSIS ON USDCADFREE ANALYSIS ON USDCAD Welcome to SiriusTrading (managed by Segunby), Check out my Free analysis on Forex and Crypto. Follow me for regular Analysis and don't forget to LIKE, LIKE, LIIIKKKEEE :) - 4 HOUR USDCAD is making a pull back to the previous support level (now turned resistance) on the trend-line break at 1.33000, which is also a nice psychological level. Things to consider: 1. Watch out out for the Zones as prices dropping below them will give signal for more downward move. 2. On the DAILY chart price is testing the 200MA level, this could confirm the downward continuation. 3. Watch out for the breaks in the trend line for more SELL opportunities. 4. Stoch RSI also making a bearish divergence. Wait for break in trend line for sell down. OVERALL Expecting more downward momentum. - Thanks for reading See previous analysis Please share your thoughts and views on my analysis and don't forget to like it and share with others.
Short
by SiriusTrading
USDCAD on RetracementFor the current being, i will be strongly sided towards Sell for the Downtrend. However the price is now on bullish and i assume that is retracement period is taking over. Line price of 1.3488 is the last area of resistance that if the price can break this price, i will assume that downtrend is no more valid and sideway will be taking over. I will avoid the trade for this pair initially until it show a clear sign of trending. My entry was based on the breakout of SnR line, trendline and also spotting the divergence. For the candle formation i will wait for the bearish engulfing. For the SL, i will suggest to put it at the high price of bearish engulfing formation.
Short
by MuhammadIqbalAman