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Usdcadsignal

USDCAD short analysisAfter a downtrend USDCAD started consolidating and then broke from it on June 16th and is continuing going upside. Last week USDCAD failed to make a new higher high and closed with a big bearish engulfing. Even though my bias is bearish for a short period of time on this pair, i will wait and see how it reacts from demand-1 area. Break below demans-1 will expose demand-2. I am more curious about demand-2 and see how it reacts from there. From that area a short buy can be placed after confirming a price action signal.
Short
by DontStopTrading
1
USDCAD LongAs we can see the pair formed a Cup with a Handle, This is a bullish continuation pattern that marks a consolidation period followed by a breakout. A subsequent breakout from the handle's trading range signals a continuation of the prior advance. As traders, we wait for a break out at the handle before entering a trade, Please use proper risk management : Here is a break down of your pip value in ZAR and Dollars 0, 01 = R1,43 / $0,10c 0. 05 = R 7,15 / $ 0.50 0.10 = R 14,3 / $1.00 1 Lot size = R 14,26 Please like and share for more useful content:
Long
by Pro-Trading-Africa
1
USDCAD might go higher after the Pullback Welcome back Traders, Investors, and Community! Hi Traders, USDCAD as we see in the H1 chart has been in the Bullish channel for a while and has broken above a minor Resistance (1.2347). It seems that the price is going lower for a Pullback which might happen around 1.2367 before it goes higher to 1.2405, 1.2434 and 1.2480 We will have more FREE forecasts in TradingView soon ❤️ Your Support is really appreciated!❤️ Have a Profitable Day
Long
by Fibonacci-Signals
Usd/Cad : 1.1900-1.1830 level support test is likely Pair is trading inside the 1.4700- 1.1930 level since the past 6 years as the price is mostly moving based on the crude oil price . As of now , its heading towards the 1.19xx major support and likely to drop 100-150 pips below since the probability of stop loss cluster around that area is very high. On the other side , crude oil is showing weakness around 67 level and traded inside the 63-67 range since many days, indicating price likely to test around the 57 handle for short term. Hence, for Usd/Cad , better is to split the long positions near and below the major support Long position #1 : 1.1930 Long position #2 : 1.1800-1930 Long position #3 : Below 1.1800 ( If there is any Machine initiated so called fat finger error )
Long
by UnknownUnicorn13514545