USDCAD in the BoxThe USDCAD is moving in zig zag and running sideway in the box. Wait for the breakout of the box then take an entry to that direction. I think it will fall that's why I set it in short.
Usdcadsignal
USDCAD is ready to go shortThe dollar has reached its highs, a further decline is in sight to maintain the bullish channel of the USDCAD pair. The pressure of buyers against sellers is losing volume. We can therefore consider a sale at this price zone.
The price will not be able to be maintained above the 1.36 level.
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD
USDCAD is now quite BUY. The reason is because OIL is slightly WEAK, CAD is WEAK and USD is slightly UP. The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK.
And MARKETS RISK has been OFF again for this reason. But with RETAIL SALES, ISM MANUFACTURING DATA, and FED UPDATES, this situation may change in the future. Therefore, if the FED continues to be HAWKISH, the USD can definitely go UP. So stay tuned for FED UPDATES.
We think it will go up to 1.3947 level before going down again. Also, with this MARKET RISK ON SENTIMENT, the USDCAD PRICE can SELL to the 1.3155 LEVEL in the future. FOLLOW THE STRUCTURE GIVEN. usdcad
DeGRAM | USDCAD approaching 1.38000USDCAD is currently trading in an ascending channel.
The market formed a consolidation zone at the resistance level.
Price is coiling up before breaking through the level.
We anticipate a retest of the major resistance .
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
USDCAD LONGUSDCAD looks very bullish. We can see that by looking at the bigger picture, the pair is in a nice strong uptrend. This can be confirmed with the breakout of a counter trendline
as well as price action turning bullish with breakout of our key level being the lower high. We are expecting to hold trade for around 3-4 weeks. We are looking to make between
10% to 22% on this trade depending on how far price goes in terms of our targets being T.p 1 to 3 at 2% risk per trade.
USDCAD Breakout Long!USD-CAD was trading in a downtrend
Below a falling resistance line
But a bullish breakout happened
So I am bullish now and I think
The price will go higher
USDCAD short for 1.328013th October daily key reversal bar made a new high closed off the low. 4th October daily bar broke strong support line 1.3500. supply zone for short 1.3680-3800. stop loss: 1.3820, target: 1.3280.
USDCAD, I am Short (After a Bull Shot)USDCAD, I am Short (After a Bull Shot), be ready to take entry after reaching the POI area
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD
USDCAD is now quite BUY. This is because OIL is slightly WEAK, CAD is WEAK and USD is slightly UP with RETAIL SALES being POSITIVE. Also, MARKETS RISK has been ON again due to this reason. But this time US CPI data was NEGATIVE. The FOMC OUTLOOK was also very NEUTRAL. But with RETAIL SALES, ISM MANUFACTURING DATA, and FED UPDATES, this situation has changed. Therefore, if the FED continues to be HAWKISH, the USD can definitely go UP. So stay tuned for FED UPDATES.
USDCAD MARKET is currently DOWN due to US DATA and UPDATES being NEGATIVE and MARKET SENTIMENT being RISK ON. We think it will go up to the 1.3852 level before going down again. Also, with this MARKET RISK ON SENTIMENT, the USDCAD PRICE can SELL to the 1.3000 LEVEL in the future.
In any case, there will be an opportunity to SELL USDCAD up to 1.2800 LEVEL. We wait until the DOWN TREND CONTINUES. MONDAY may be RISK ON again according to MARKET UPDATES. So follow the given STRUCTURE. It is seen that the OVERALL MARKET SENTIMENT has become POSITIVE.
DeGRAM | USDCAD at strong resistance USDCAD moved out of the descending channel and created an ascending channel.
The market is consolidating after bouncing off of resistance and dynamic resistance (trendline).
Price is expected to fall from psychological level 1.35000.
We expect the downtrend to continue since the trend is bearish .
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
USDCAD rejectedYesterday NFP news was come in the favor of USD, but market react against the news. This is making sense that USD has no power and by this USDCAD seems more bearish.
USDCAD Resistance Cluster!USDCAD is trading in a downtrend
And the pair has retested a resistance cluster
From where we are already seeing
A bearish reaction so I think that the price
Will go lower still
USDCAD is ready to go shortAfter several rejections at the 1.3436 level, we open our sell positions to look for the 1.3320 level.
The price failed to break through the resistance and the volume of buyers at this price level decreased significantly.
USDCAD possible short for 1.3290supply zone for short 1.3525-65, stop loss: 1.3585, target 1.3330 & 1.3290.
DeGRAM | USDCAD at strong resistance USDCAD moved out of the descending channel.
The market is consolidating, and the harmonic patterns work very well in the ranging markets.
Price is likely to continue consolidating.
We expect the downtrend to continue since the trend is bearish.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
The USDCAD could continue to rise as the DXY continues to rise!Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.30500 zone. When the trade is confirmed bullish, it will be executed.
DeGRAM | USDCAD sell after false breakUSDCAD moved out of the ascending channel and entered the descending channel .
The market is consolidating after breaking at the resistance level , which was previously support.
Price action is printing an equal measured move.
We expect the compilation of the CD leg.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
USD/CAD likely to move UP!Hey tradomaniacs,
USD/CAD is finding support at the current trendline and support-zone.
Overall a great spot to look for longs with a nice risk-reward!
What do you think?
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD
USDCAD is now quite BUY. This is because OIL is slightly WEAK, CAD is WEAK and USD is slightly UP with RETAIL SALES being POSITIVE. Also, MARKETS RISK has been ON again due to this reason. But this time US CPI data was NEGATIVE. The FOMC OUTLOOK was also very NEUTRAL. So now USD is very WEAK. But now with US YEILD getting a good CORRECTION, USD is moving UP.
USDCAD MARKET is currently DOWN due to US DATA and UPDATES being NEGATIVE and MARKET SENTIMENT being RISK ON. We think it will go up to the 1.3810 level before going down again. Also, with this MARKET RISK ON SENTIMENT, the USDCAD PRICE can SELL to the 1.2800 LEVEL in the future.
In any case, there will be an opportunity to SELL USDCAD up to 1.2800 LEVEL. We wait until the DOWN TREND CONTINUES. MONDAY may be RISK ON again according to MARKET UPDATES. So follow the given STRUCTURE. It is seen that the OVERALL MARKET SENTIMENT has become POSITIVE.
🟢 USDCAD - 4H (09.11.2022)🟢 USDCAD
TF: 4H
Side: Long
SL: $1.33873
Entry: $1.34289
TP 1: $1.34867
TP 2: $1.35481
TP 3: $1.35978
USD is gaining strength again so it's time to start buying it.
USDCAD Breakout Long! USDCAD was trading below
The falling resistance but now
We are seeing a strong breakout
Which makes me expect
The price to further up
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.
