USDCAD Aanalysis UpdateAfter parallel channel breakout nor USDCAD is at strong support zone that tested multiple time, hopefully we can see upside rally from this point.
Manage your risk acccording to the account size!
Usdcadsetup
USDCAD: Today!The USD/CAD exchange rate is uncertain around the 1.3170-80 level early on Wednesday morning in Europe. Although the downtrend has paused for now, traders are still looking for more evidence to support buying the Canadian dollar against its US counterpart, especially after a slow Asian session.
On one hand, Canada's inflation numbers were disappointing, while the US Retail Sales data and a decline in WTI Crude Oil prices (Canada's main export) may attract buyers of the USD/CAD pair. On the other hand, positive market sentiment and concerns about the Federal Reserve's dovish stance are likely pushing the exchange rate higher.
USDCAD Channel Breakout TradeUSDCAD moving in parallel channel waiting for breakout to trade.
Manage your risk according to account size!
USDCAD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCAD Analysis H1Here is my analysis for USDCAD on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
USDCAD reclaims the handle of the cup and handle...OANDA:USDCAD swept last years September lows at 1.323. As long as we remain within this yearly range again longs have the upper hand in terms of R/R.
Zooming out, USDCAD has reclaimed the handle of a very large sized cup and handle.
USDCAD H1Here is my analysis for USDCAD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
USDCAD Potential Breakout TradePotential Breakout trade on currency pair USDCAD, place Buy Stop and Sell Stop Orders or wait for Breakout.
Manage your risk accordingly.
#USDCAD - Long 4H☑️Broke the structure on the 4 hour timeframe
☑️Lots of liquidity at the bottom
If we break the red level on the 4H timeframe, the analysis becomes invalid🙅♂️
Good luck 🙌💪
USDCAD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Usdcad Weekly DemandAs we can see Usdcad at Strong Weekly Demand Zone
Also High imbalance in Buying Candles so I'm expecting to Fly Usdcad
USDCAD Prediction H4Here is my analysis for USDCAD on H4 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
USDCAD TradeAfter the liquidity taken and change of character and the rejection of the FVG we will see a drop in the price it's just idea
USDCAD- 454 PIPS BUYING OPPORTUNITY❤️Dear Traders, we have a great buying opportunity on USDCAD; price breakthrough the consolidation phase and it gave us an direction to go BIG on this pair. Once price comes to our area and reject that will be the time to enter using an accurate risk management.
Follow for more❤️
USDCAD Forecast 29June2023currently the price has formed CHoCH and broke through 2 SnD. there is a possibility of trend collapse where there is a trend escort to become bullish.
This analysis will fail when the price drops more than the invalid area below.
USD/CAD breaks to a 9-month low, 1.3000 in focusCanadian consumers want to have their inflationary cake and eat it, with a hot retail sales report bolstering bets that the BOC could hike again at their next meeting in July. Whilst a hike is not yet a given, the BOC did deliver a hawkish hike earlier this month - and with consumers continuing to spend, it keeps the pressure on the BOC for further hikes.
Yet a weaker USD - seemingly on the back of Jerome Powell's testimony not being hawkish enough - helped USD/CAD break to a 9-month low.
The daily chart shows that is closed near the lows of the day after falling through a major zone of support. It's interesting to see the daily low found support at the September VPOC (point of control), so perhaps we'll see a minor bounce before losses resume in the direction of the breakout.
The bias remains bearish beneath 1.3270, but we'd prefer to seek bearish setups o lower timeframes beneath Tuesday's low to increase the potential reward to risk ratio
But if bears maintain their grip on USD/CAD, a break to new lows brings the 1.3000 handle into focus over the coming weeks.
USDCAD Forecast 13June2023looks like sideways? is there an opportunity?
I like this kind of chart model, where we can make transactions with very little risk.
USDCAD Potential ReversalIn my opinion, USDCAD appears to be showing signs of a potential reversal as it forms a falling wedge pattern on the 1-hour timeframe, with the current price finding support at a specific level. The falling wedge pattern typically indicates a bullish reversal, suggesting that the downward momentum may be weakening.
Considering this pattern and the support level, traders might consider a potential long position on USDCAD. However, it's important to manage risk effectively. Setting a stop loss at 1.3276 can help limit potential losses if the market moves against the anticipated reversal. Additionally, a take profit level of 1.3439 can be considered as a target to capture potential gains.
Looking forward to read your opinion about it.
USDCAD Will Grow! USD-CAD is trading in a
Range and the pair went
Down to retest the support
Level of the range (1.33336) and we are
Seeing a bullish reaction
Already so I think that
We will see some
Further growth soon !
USD/CAD Best level to buy + 270 PipsDear traders, USD/CAD is on a support level in the daily chart.
So far, the bears have not been able to break the support level.
So, if the level continues to hold, there is possibility of going long
in USDCAD@1.33-1.3320 with SL below the support level and
TPs at 1.3470,1.2550 and 1.3650 respectively .
USDCAD and NZDCAD top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCAD Long Term Buying IdeaHello Traders
In This Chart USDCAD DAILY Forex Forecast By FOREX PLANET
today USDJPYD analysis 👆
🟢This Chart includes_ (USDCAD market update)
🟢What is The Next Opportunity on USDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
USDCAD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
