Usdcadsignal
USDCAD LONG TERM SPECULATION | SHORT!It appears price is gaining momentum in anticipation of a rally to the downside from 1.33500 zone since it has found it difficult to break this area in the last 2 weeks.
Considering the present volatility in the USD currency, patience is pertinent as the price could break the 1.33500 zone up into the 1.5500 zone before the rally down.
However, price action monitoring is decisive here.
Lower time frame speculation coming up soon
#USDCAD, Analysis+SignalBear trend.
You can see in the graph above that the average line moves 200 very reliable which means that the usdcad above the line is worth buying and when the usdcad below is worth selling.
This is already the second time that usdcad is trying to rise above the trend line with no success.
Target: 1.3175
The bulls coming back? #USDCADSo it's true that the usdcad has gone out of the rising channel but you can not ignore the current situation.
In the weekly chart, the USDCAD is still on the rise.
You can see that currently the usdcad is supported by the support of the Ichimoku cloud, so long as we stay above the cloud it is a positive sign.
And in the end, we left the most important point- crossing of the Stochastic in the zone which indicates an oversold with the potential reversal of the trend.
Target: 1.32-1.3280
USD/CAD Long Term-Trade IDEA (Daily)Very nice little set up here.
I try to keep my charts very clean and simple, We broke a major up-trend.
Since we found support (for now) I would like to see if we reject this area, if so I can see a retest of the broken trend-line as resistance.
Let me know what you think below.
The last increase is a change in trend or just correction#USDCADOnly in the weekly graph are we still on the upward trend, in all other chart times (H4, D1, MN), the model has changed to a bearish model.
The USDCAD was stopped at 1.3090 because of the support we have there.
The Stochastic is currently at Oversold.
Short term: The USDCAD can rise to 1.3170 / 80
Long term: 1.2950
USDCAD Sell Opportunity with +1800pip Short Target (Longterm)See the screenshot from monthly timeframe below. We are trading against a prominent inverted Head & Shoulders pattern which has clearly broken the neckline and completed a successful retest. Therefore, I have taken a small position of 0.25% capital risk and if price action permits, I will look to add this position at a later stage.
Monthly Outlook:
Caution - Inverted Head & Shoulders:
The strongest trend there is #USDCADWe are in a rising channel that has been going on for several years. The most correct area to enter with a buying position is close to support and this is the situation at the moment, according to the Stochastic, we are reaching the end of the declines
Take profit: 1.3850
Stop loss:1.32